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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
15 blogs
twitter
578 tweeters
weibo
5 weibo users
facebook
36 Facebook pages
googleplus
10 Google+ users
video
1 video uploader

Readers on

mendeley
467 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, Cohn A, Fehr E, Maréchal MA

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 578 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 467 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
United Kingdom 12 3%
Switzerland 10 2%
Germany 9 2%
United States 7 1%
France 6 1%
Japan 3 <1%
China 2 <1%
Netherlands 2 <1%
Spain 2 <1%
Other 13 3%
Unknown 401 86%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 139 30%
Researcher 67 14%
Student > Master 65 14%
Student > Bachelor 48 10%
Professor > Associate Professor 37 8%
Other 111 24%
Readers by discipline Count As %
Psychology 100 21%
Economics, Econometrics and Finance 82 18%
Business, Management and Accounting 76 16%
Agricultural and Biological Sciences 47 10%
Social Sciences 43 9%
Other 119 25%

Attention Score in Context

This research output has an Altmetric Attention Score of 1153. 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 26 July 2017.
All research outputs
#1,462
of 8,663,310 outputs
Outputs from Nature
#318
of 48,846 outputs
Outputs of similar age
#41
of 234,712 outputs
Outputs of similar age from Nature
#13
of 900 outputs
Altmetric has tracked 8,663,310 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 48,846 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 76.0. 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 234,712 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 900 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.