ESG controversies and governance: Evidence from the banking industry

被引：35
|
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.
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页数：7
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