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Business culture and dishonesty in the banking industry

Overview of attention for article published in Nature, November 2014
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About this Attention Score

  • In the top 5% of all research outputs scored by Altmetric
  • High Attention Score compared to outputs of the same age (99th percentile)
  • High Attention Score compared to outputs of the same age and source (98th percentile)

Mentioned by

news
71 news outlets
blogs
18 blogs
twitter
571 tweeters
weibo
5 weibo users
facebook
36 Facebook pages
googleplus
11 Google+ users
video
1 video uploader

Citations

dimensions_citation
154 Dimensions

Readers on

mendeley
671 Mendeley
citeulike
4 CiteULike
Title
Business culture and dishonesty in the banking industry
Published in
Nature, November 2014
DOI 10.1038/nature13977
Pubmed ID
Authors

Alain Cohn, Ernst Fehr, Michel André Maréchal

Abstract

Trust in others' honesty is a key component of the long-term performance of firms, industries, and even whole countries. However, in recent years, numerous scandals involving fraud have undermined confidence in the financial industry. Contemporary commentators have attributed these scandals to the financial sector's business culture, but no scientific evidence supports this claim. Here we show that employees of a large, international bank behave, on average, honestly in a control condition. However, when their professional identity as bank employees is rendered salient, a significant proportion of them become dishonest. This effect is specific to bank employees because control experiments with employees from other industries and with students show that they do not become more dishonest when their professional identity or bank-related items are rendered salient. Our results thus suggest that the prevailing business culture in the banking industry weakens and undermines the honesty norm, implying that measures to re-establish an honest culture are very important.

Twitter Demographics

The data shown below were collected from the profiles of 571 tweeters who shared this research output. Click here to find out more about how the information was compiled.

Mendeley readers

The data shown below were compiled from readership statistics for 671 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
United Kingdom 11 2%
Switzerland 8 1%
United States 7 1%
Germany 7 1%
France 5 <1%
Japan 3 <1%
Netherlands 2 <1%
Spain 2 <1%
Indonesia 1 <1%
Other 11 2%
Unknown 614 92%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 175 26%
Student > Master 106 16%
Researcher 80 12%
Student > Bachelor 76 11%
Professor > Associate Professor 48 7%
Other 185 28%
Unknown 1 <1%
Readers by discipline Count As %
Economics, Econometrics and Finance 136 20%
Psychology 116 17%
Business, Management and Accounting 115 17%
Unspecified 76 11%
Social Sciences 67 10%
Other 160 24%
Unknown 1 <1%

Attention Score in Context

This research output has an Altmetric Attention Score of 1151. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 20 April 2019.
All research outputs
#2,761
of 13,249,127 outputs
Outputs from Nature
#475
of 68,967 outputs
Outputs of similar age
#41
of 294,772 outputs
Outputs of similar age from Nature
#11
of 912 outputs
Altmetric has tracked 13,249,127 research outputs across all sources so far. Compared to these this one has done particularly well and is in the 99th percentile: it's in the top 5% of all research outputs ever tracked by Altmetric.
So far Altmetric has tracked 68,967 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 75.1. This one has done particularly well, scoring higher than 99% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 294,772 tracked outputs that were published within six weeks on either side of this one in any source. This one has done particularly well, scoring higher than 99% of its contemporaries.
We're also able to compare this research output to 912 others from the same source and published within six weeks on either side of this one. This one has done particularly well, scoring higher than 98% of its contemporaries.