ESG activities and financial stability: The case of Korean financial firms

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Borsa Istanbul Review Pub Date : 2024-09-01 DOI:10.1016/j.bir.2024.05.007

引用次数: 0

Abstract

This study explores the relationship between financial firms' environmental, social, and governance (ESG) activities and their financial stability measured by Altman's Z-score. Based on a dataset of listed financial institutions in Korea, our results indicate a positive association between stability and ESG activities. Overall ESG scores and those for the individual environmental, social, and governance pillars potentially enhance financial stability. The environmental pillar plays the most significant role in improving the stability of financial firms. The positive association between ESG activities and financial firms' stability is also seen in nonbanking sectors.

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环境、社会和公司治理活动与金融稳定性：韩国金融公司的案例

本研究探讨了金融公司的环境、社会和治理（ESG）活动与其以 Altman Z 分数衡量的财务稳定性之间的关系。基于韩国上市金融机构的数据集，我们的研究结果表明稳定性与 ESG 活动之间存在正相关。总体 ESG 分数以及环境、社会和治理支柱的单项分数都有可能提高金融稳定性。环境支柱在提高金融公司稳定性方面发挥着最重要的作用。环境、社会和治理活动与金融公司稳定性之间的正相关关系在非银行业也同样存在。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Borsa Istanbul Review Multiple-

CiteScore

7.60

自引率

3.80%

发文量

130

审稿时长

26 days

期刊介绍： Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations