Article Details
ESG & Performance - Exploring the Financial Sector Case Author Name: Pozniak Laetitia Co-author Name: Croquet Mélanie, Tiona Wamba Herman, Berriche Amira Abstract: The relation between environmental, social and governance (ESG) activities and firm performance is highly covered by academic research (see Margolis et al, 2009 for an extended literature review). The originality of our research is to focus on financial sector. Indeed, due to their specific characteristics (e.g., reporting and accounting requirements, specific regulatory framework), banks and other financial firms are often excluded from samples in empirical work (Finger et al., 2018). However, banks face pressure from their stakeholders and the public to integrate ESG considerations into their strategies. Since the 2008 financial crisis, banks have had to demonstrate their legitimacy (Reynaud and Wallas, 2015). Certainly, the public funds invested to recapitalize certain banks as well as government deposit guarantees have fueled the feeling that the banking sector must compensate for this significant use of resources (Shen et al, 2016). A positive relation between CSR and bank performance can be established Keywords: Environmental, Social and governance, Finance, Economy, Marketing Topics: BUSINESS AND ECONOMICS,HEALTH AND MEDICINE Subtopic: Management,Marketing,Architecture,Biomedical Engineering,Computer software and applications,Distance Education,Higher Education

Article Details

ESG & Performance - Exploring the Financial Sector Case

Author Name:

Pozniak Laetitia

Co-author Name:

Croquet Mélanie, Tiona Wamba Herman, Berriche Amira

Abstract:

The relation between environmental, social and governance (ESG) activities and firm performance is highly covered by academic research (see Margolis et al, 2009 for an extended literature review). The originality of our research is to focus on financial sector. Indeed, due to their specific characteristics (e.g., reporting and accounting requirements, specific regulatory framework), banks and other financial firms are often excluded from samples in empirical work (Finger et al., 2018). However, banks face pressure from their stakeholders and the public to integrate ESG considerations into their strategies. Since the 2008 financial crisis, banks have had to demonstrate their legitimacy (Reynaud and Wallas, 2015). Certainly, the public funds invested to recapitalize certain banks as well as government deposit guarantees have fueled the feeling that the banking sector must compensate for this significant use of resources (Shen et al, 2016). A positive relation between CSR and bank performance can be established

Keywords:

Environmental, Social and governance, Finance, Economy, Marketing

Topics:

BUSINESS AND ECONOMICS,HEALTH AND MEDICINE

Subtopic:

Management,Marketing,Architecture,Biomedical Engineering,Computer software and applications,Distance Education,Higher Education