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Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector

Management of environmental quality, 2019-01, Vol.30 (1), p.98-115 [Peer Reviewed Journal]

Emerald Publishing Limited ;Emerald Publishing Limited 2019 ;ISSN: 1477-7835 ;EISSN: 1758-6119 ;DOI: 10.1108/MEQ-12-2017-0149

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Title:
Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector
Author: Buallay, Amina
Subjects: Banking industry ; Banks ; Causality ; Competition ; Competitive advantage ; Decision making ; Dependent variables ; Disclosure ; Environmental management ; Financial disclosure ; GDP ; Gross Domestic Product ; Hypotheses ; Independent sample ; Independent variables ; Investments ; Literature reviews ; Macroeconomics ; Profits ; Return on assets ; Social responsibility ; Stakeholders ; Stock exchanges ; Studies ; Sustainability ; Sustainability reporting ; Sustainable development ; Transparency ; Variables
Is Part Of: Management of environmental quality, 2019-01, Vol.30 (1), p.98-115
Description: Purpose Sustainability reporting has been widely adopted by firms worldwide given the need of stakeholders for more transparency on environmental, social and governance (ESG) issues. The purpose of this paper is to investigate the relationship between ESG and bank’s operational (Return on Assets), financial (Return on Equity) and market performance (Tobin’s Q). Design/methodology/approach This study examined 235 banks for ten years (2007-2016) to ends up with 2,350 observations. The independent variable is the ESG disclosure; the dependent variables are performance indicators (return on assets, return on equity and Tobin’s Q). Two type of control variables are utilized in this study: bank specific and macroeconomic. Findings The findings deduced from the empirical results demonstrate that there is significant positive impact of ESG on the performance. However, the relationship between ESG disclosures is vary if measured individually; the environmental disclosure found positively affect the ROA and TQ. Whereas, the corporate social responsibility disclosure is negatively affect the three models. However, the corporate governance disclosure found negatively affects the ROA, ROE and positively affects the Tobin’s Q. Originality/value The results of this study can be used to present a successful model for worldwide banks to concentrate on the role of ESG disclosure in performance.
Publisher: Bradford: Emerald Publishing Limited
Language: English
Identifier: ISSN: 1477-7835
EISSN: 1758-6119
DOI: 10.1108/MEQ-12-2017-0149
Source: ProQuest Databases

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Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector

Emerald Publishing Limited ;Emerald Publishing Limited 2019 ;ISSN: 1477-7835 ;EISSN: 1758-6119 ;DOI: 10.1108/MEQ-12-2017-0149

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