International Congress on Eurasian Economies

International Conference on Eurasian Economies

10-12 July 2017 – Istanbul, TURKEY

Paper detail

Paper ID : 1835
Status : Paper published
Language : English
Topic : Microeconomics and Entrepreneurship
Presenter: Asst. Prof. Dr. Seyil Najimudinova
Session : 2A Finance

Content Analyses on Mission Statements of the Commercial Banks in Kyrgyzstan
Content Analyses on Mission Statements of the Commercial Banks in Kyrgyzstan

Abstract

The concept of mission is still popular both in academic environment and business practices. Mission statements have been accepted as an important part of the strategic management process for organizations of all types; be it public sector, not-for-profit, private, for profit, a multinational or a SME. This paper aims to study the content of mission statements of Top10 commercial banks in Kyrgyzstan. The main objective of this study is to identify whether the mission statements of commercial banks contain components suggested Pierce and David (1987) and Bart and Tabone (1999). Data was based on content analysis of the mission statements and other related statements found on commercial banks’ web sites. Another secondary data on general profile of commercial banks are obtained from their web-sites and other open to public resources. The results show all (11) numbers of components are not incorporated in the mission statements of commercial banks totally. According to obtained data it was done Top 3 rating of commercial banks according to their mission statements. The level of popularity of mission statement components displays the following: products or services, geographic location, statement of purpose and customers are the most of frequent occurrence components. Components like concern for public image, concern for growth and profit, and philosophy are less popular mission components. In the future this study can throw fresh light on researches on other industries and to make relationship between good mission statements and the performance of commercial banks.

JEL codes: L26, D21

Najimudinova, Seyil (2017). "Content Analyses on Mission Statements of the Commercial Banks in Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2017, pp.44-53, Istanbul, TURKEY.

DOI: https://doi.org/10.36880/C08.01835

Full paper in PDF format.

Session 2A: Finance

Eurasian Economists Association Istanbul Beykent University Kyrgyz-Turkish Manas University TIKA Turkish Central Bank Kavram Vocational High School