Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

被引：31

作者：

Galletta, Simona ^{[1
]}

Mazzu, Sebastiano ^{[1
]}

Naciti, Valeria ^{[2
]}

Vermiglio, Carlo ^{[2
]}

机构：

[1] Univ Catania, Econ & Business, Catania, Italy

[2] Univ Messina, Dept Econ, Messina, Italy

来源：

BUSINESS STRATEGY AND THE ENVIRONMENT | 2021年 / 30卷 / 01期

关键词：

banking industry; customer deposits; environmental policy; stakeholder engagement; sustainable development; sustainable finance; CORPORATE SOCIAL-RESPONSIBILITY; EMPIRICAL-EVIDENCE; MARKET DISCIPLINE; CARBON DISCLOSURE; RISK-MANAGEMENT; PERFORMANCE; IMPACT; DETERMINANTS; MODEL; PRICE;

D O I：

10.1002/bse.2644

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship between the environmental policies taken by financial institutions and the choice of depositors on where to save their money. Prior research has shown that increases in the number of customers making deposits are driven by bank pricing policy and switching costs for depositors. By employing a dynamic panel data model, this study empirically tests how environmental performance influences the depositors' choice on where to put their money in a sample of worldwide financial institutions from 2011 to 2018. The main results suggest that there is a negative relationship between banks' environmental performance and customers' deposits. Furthermore, the banks that are the best at managing carbon emissions and at pursuing sustainable development pay lower interest rates on customer deposits.

引用

页码：643 / 656

页数：14

共 108 条

[1] The Effects of Corporate Social Responsibility on Customer Loyalty: The Mediating Effect of Reputation in Cooperative Banks Versus Commercial Banks in the Basque Country [J].