Socially responsible banking: Weathering the Covid-19 storm

被引：0
作者：
Chiaramonte, Laura [1 ]
Dreassi, Alberto [4 ]
Girardone, Claudia [2 ]
Pisera, Stefano [2 ,3 ]
机构：
[1] Univ Verona, Verona, Italy
[2] Univ Essex, Colchester, England
[3] Univ Genoa, Via Vivaldi 5, Genoa, Italy
[4] Univ Trieste, Trieste, Italy
来源：
JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2024年 / 95卷
关键词：
Environmental; Social and Governance (ESG); Covid-19; European Banking; Bank Stability; Google Trends; CORPORATE; PERFORMANCE; COMPANIES; TRUST;
D O I：
10.1016/j.intfin.2024.102029
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates the impact of socially responsible banking activities on banks' risk profiles, using data from the period of turmoil caused by the Coronavirus (Covid-19) outbreak in Europe. Our findings show that socially responsible banking activities served as a risk-hedging strategy at the peak of the pandemic. Furthermore, we reveal the role of banks' environmental and social engagement in reducing the exposure to country-level Covid-19 cases and public perception using a Google Trends sentiment analysis. Finally, in explaining the ESG-bank risk relationship, we identify a mediating role of the Covid-19 "panic" as a viable economic channel.
引用
收藏
页数：21
相关论文
共 50 条
[31]   The Impact of COVID-19 on the Stock Price of Socially Responsible Enterprises: An Empirical Study in Taiwan Stock Market [J].
Lee, Kuo-Jung ;
Lu, Su-Lien .
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2021, 18 (04) :1-16
[32]   Weathering the storm: A qualitative study of social prescribing in urban and rural Scotland during the COVID-19 pandemic [J].
Fixsen, Alison ;
Barrett, Simon ;
Shimonovich, Michal .
SAGE OPEN MEDICINE, 2021, 9
[33]   Weathering the Storm: How Mothers with Refugee Backgrounds Helped Their Children with School During the COVID-19 Pandemic [J].
Wilson-Forsberg, Stacey ;
Kimani-Dupuis, Rosemary ;
Masakure, Oliver .
INTERNATIONAL JOURNAL OF MULTICULTURAL EDUCATION, 2024, 26 (02) :15-37
[34]   Weathering the Storm: Syringe Services Program Laws and Human Immunodeficiency Virus During the COVID-19 Pandemic [J].
Jackson, Hannah ;
Dunphy, Christopher ;
Grist, Mary Blain ;
Jiang, Xinyi ;
Xu, Likang ;
Guy, Gery P., Jr. ;
Salvant-Valentine, Sheila .
JAIDS-JOURNAL OF ACQUIRED IMMUNE DEFICIENCY SYNDROMES, 2023, 94 (05) :395-402
[35]   Implications of the COVID-19 pandemic on market orientation in retail banking [J].
Haapio, Hannele ;
Mero, Joel ;
Karjaluoto, Heikki ;
Shaikh, Aijaz A. .
JOURNAL OF FINANCIAL SERVICES MARKETING, 2021, 26 (04) :205-214
[36]   The diversifying role of socially responsible investments during the COVID-19 crisis: A risk management and portfolio performance analysis [J].
Diaz, Antonio ;
Esparcia, Carlos ;
Lopez, Raquel .
ECONOMIC ANALYSIS AND POLICY, 2022, 75 :39-60
[37]   Do socially responsible indices outperform conventional indices? Evidence from before and after the onset of Covid-19 [J].
Jonwall, Renu ;
Gupta, Seema ;
Pahuja, Shuchi .
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2024, 31 (05) :4995-5011
[38]   Performance Evaluation of Socially Responsible Funds Compared to Their Benchmark Index in India: Evidence from the Covid-19 Crisis [J].
Jonwall, Renu ;
Gupta, Seema ;
Pahuja, Shuchi .
ASIA-PACIFIC FINANCIAL MARKETS, 2024, :489-523
[39]   Association of PTSD With Longitudinal COVID-19 Burden in a Mixed-Serostatus Cohort of Men and Women: Weathering the Storm [J].
Jones, Deborah L. ;
Zhang, Yuehan ;
Rodriguez, Violeta J. ;
Haberlen, Sabina ;
Ramirez, Catalina ;
Adimora, Adaora A. ;
Merenstein, Daniel ;
Aouizerat, Bradley ;
Sharma, Anjali ;
Wilson, Tracey ;
Mimiaga, Matthew J. ;
Sheth, Anandi N. ;
Plankey, Michael ;
Cohen, Mardge H. ;
Stosor, Valentina ;
Kempf, Mirjam-Colette ;
Friedman, M. Reuel .
JAIDS-JOURNAL OF ACQUIRED IMMUNE DEFICIENCY SYNDROMES, 2022, 90 (05) :567-575
[40]   COVID-19 and mucormycosis superinfection: the perfect storm [J].
Jaffar A. Al-Tawfiq ;
Saad Alhumaid ;
Abeer N. Alshukairi ;
Mohamad-Hani Temsah ;
Mazin Barry ;
Abbas Al Mutair ;
Ali A. Rabaan ;
Awadh Al-Omari ;
Raghavendra Tirupathi ;
Manaf AlQahtani ;
Salma AlBahrani ;
Kuldeep Dhama .
Infection, 2021, 49 :833-853
12345