银行和金融服务业的可持续性报告:区域分析

IF 3.8 Q1 BUSINESS, FINANCE Journal of Sustainable Finance & Investment Pub Date : 2021-10-25 DOI:10.1080/20430795.2021.1978919
Amina Mohamed Buallay, Meera Al Marri, N. Nasrallah, A. Hamdan, E. Barone, Qasim Zureigat
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引用次数: 10

摘要

摘要本研究调查了七个不同地区(亚洲、欧洲、梅纳、非洲、北美和南美)的可持续性报告水平与银行和金融服务绩效(运营、金融和市场)之间的关系。使用从60个不同国家的4458项10年(2008-2017年)观察中挑选的数据,我们调查了环境、社会和治理得分(ESG)和三大支柱对银行业绩的影响[资产回报率(ROA)、股本回报率(ROC)和托宾Q(TQ)]。我们还控制特定银行的宏观经济和治理效果。研究结果表明,ESG一方面与运营绩效(ROA)、财务绩效(ROE)和市场绩效(TQ)之间存在负相关。从区域和支柱的角度来看,绩效受到ESG、支柱和区域视角的不同影响。本文的新颖之处在于包含了不同的政治和经济背景。我们的研究结果对国际层面的政策制定者和学者具有重要的理论意义。银行和金融服务业的管理缺陷表现在ESG、支柱和银行与金融服务业绩之间的薄弱联系上。
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Sustainability reporting in banking and financial services sector: a regional analysis
ABSTRACT This study investigates the relationship between the level of sustainability reporting and banks and financial services’ performance (operational, financial and market) across seven different regions (Asia, Europe, Mena, Africa, North and South America). Using data culled from 4458 observations from 60 different countries for 10 years (2008–2017), we investigate the effect of the Environment, Social and Governance score (ESG) and the three pillars on banks’ performance [Return on Assets (ROA), Return on Equity (ROE) and Tobin’s Q (TQ)]. We also control for bank-specific, macroeconomic and governance effects. The findings pinpoint a negative relationship between ESG on one hand and operational performance (ROA), financial performance (ROE) and market performance (TQ) on the other hand. From regional and pillar perspectives, the performance is differently affected following ESG, pillar and region perspectives. The novelty of this paper lies in the inclusion of different political and economic contexts. Our findings have significant theoretical implications for policy makers and academics at the international level. Banks and financial services sectors’ management lacunae manifest in terms of the weak nexus between ESG, pillars and banks and financial services’ performance.
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来源期刊
CiteScore
10.60
自引率
7.00%
发文量
55
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