ESG controversies and governance: Evidence from the banking industry

被引：41

作者：

Agnese, Paolo ^{[1
]}

Battaglia, Francesca ^{[2
]}

Busato, Francesco ^{[3
]}

Taddeo, Simone ^{[4
]}

机构：

[1] Int Telemat Univ Uninettuno, Banking & Finance, Rome, Italy

[2] Univ Naples Parthenope, Banking & Finance, Naples, Italy

[3] Univ Naples Parthenope, Econ Policy, Naples, Italy

[4] Univ Naples Parthenope, Econ Stat & Sustainabil, Naples, Italy

来源：

FINANCE RESEARCH LETTERS | 2023年 / 53卷

关键词：

Banking industry; Corporate governance; ESG controversies;

D O I：

10.1016/j.frl.2022.103397

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study empirically investigates the relationship between the Governance pillar of ESG (Environmental, Social and Governance) dynamics and ESG Controversies. We include the three sub-pillars of ESG Governance (ESG Management, ESG Shareholders, and ESG CSR Strategy). Applying the generalized method of moments (GMM) system version of the Arellano-Bond esti-mator, we analyse a panel dataset of 567 listed banks from United States and Europe, over the period 2016-2021. The findings show a positive and statistically significant relationship between ESG Governance and ESG Controversies scores. Furthermore, we find that these results are confirmed by all three sub-pillars of ESG Governance.

引用

页数：7

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