ESG Performance and Shareholder Value Creation in the Banking Industry: International Differences
By María del Mar Miralles-Quirós, José Luis Miralles‐Quirós, Jesús Redondo Hernández. Sustainability, 2019
194 citations recorded by the source corpus.
The aim of this paper is to study the role of socially responsible activities on shareholder value creation in a sample of 166 banks from 31 countries over the 2010–2015 period. Prior research about this relationship is scarce and limited to the period before and during the global financial crisis. In contrast, this research analyzes banks over a period of time when these institutions have increased their social responsibility practices in order to reinforce their credibility and the trust their stakeholders have in them. More precisely, we analyze the relationship between these two magnitudes distinguishing between environmental, social, and corporate governance actions as well as between countries taking into account the level of development, legal systems, and the geographic area. Our findings are relevant not only for academics, but also for the managers of these companies, policymakers, investors, and society in general.
Subfields: Accounting, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/623bd5a597eb655f314fda9bc2a65e4d93860dce
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Citations in the corpus
- CSR Committees and Their Effect on ESG Performance in UK, France, Germany, and Spain (2019, unknown): “used more and more by diverse authors [24,46,48] and “are designed to transparently and objectively measure a company’s relative ESG performance” [49].”
- DOES ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCE INFLUENCE ECONOMIC PERFORMANCE? (2020, background): “Thus, the period after the crisis when the companies have started placing more importance and due conscience on their ESG performances considerably to enhance a strong image is an important period to analyze (Miralles-Quirós et al., 2019).”