Banking sustainability in a large emerging economy: Focus on Brazilian banks

IF 3.3 Q1 BUSINESS, FINANCE
Claudio Oliveira de Moraes , Leonardo Vieira Cunha , Juan Camilo Galvis-Ciro
{"title":"Banking sustainability in a large emerging economy: Focus on Brazilian banks","authors":"Claudio Oliveira de Moraes ,&nbsp;Leonardo Vieira Cunha ,&nbsp;Juan Camilo Galvis-Ciro","doi":"10.1016/j.jeconbus.2024.106207","DOIUrl":null,"url":null,"abstract":"<div><div>This study investigates the exposure of Brazilian banks to sectors with a higher sensitivity to climate-related risks. For this purpose, by aligning the novel Sectoral Environmental Risk Index with the International Finance Corporation’s methodology, this research empirically analyzes more than 90 % of Brazilian banks’ credit data. The main objective is to determine whether Brazilian banks expand their portfolios toward environmentally friendly sectors. Based on the findings, there is a positive association between growth credit and portfolios in such sectors, with a persistent effect over time. The results also provide valuable insights for policymakers and stakeholders aiming to foster sustainable finance practices by challenging the access to credit for polluting economic sectors.</div></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"132 ","pages":"Article 106207"},"PeriodicalIF":3.3000,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"JOURNAL OF ECONOMICS AND BUSINESS","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0148619524000493","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

This study investigates the exposure of Brazilian banks to sectors with a higher sensitivity to climate-related risks. For this purpose, by aligning the novel Sectoral Environmental Risk Index with the International Finance Corporation’s methodology, this research empirically analyzes more than 90 % of Brazilian banks’ credit data. The main objective is to determine whether Brazilian banks expand their portfolios toward environmentally friendly sectors. Based on the findings, there is a positive association between growth credit and portfolios in such sectors, with a persistent effect over time. The results also provide valuable insights for policymakers and stakeholders aiming to foster sustainable finance practices by challenging the access to credit for polluting economic sectors.
大型新兴经济体银行业的可持续性:聚焦巴西银行
本研究调查了巴西银行对气候相关风险敏感度较高的行业的风险敞口。为此,本研究将新颖的行业环境风险指数与国际金融公司的方法相结合,对超过 90% 的巴西银行信贷数据进行了实证分析。主要目的是确定巴西银行是否将其投资组合扩展到环境友好型行业。根据研究结果,增长信贷与此类行业的投资组合之间存在正相关,并且随着时间的推移会产生持续影响。研究结果还为政策制定者和利益相关者提供了有价值的见解,这些政策制定者和利益相关者旨在通过挑战污染性经济部门获得信贷的机会来促进可持续金融实践。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
6.20
自引率
2.60%
发文量
31
期刊介绍: Journal of Economics and Business: Studies in Corporate and Financial Behavior. The Journal publishes high quality research papers in all fields of finance and in closely related fields of economics. The Journal is interested in both theoretical and applied research with an emphasis on topics in corporate finance, financial markets and institutions, and investments. Research in real estate, insurance, monetary theory and policy, and industrial organization is also welcomed. Papers that deal with the relation between the financial structure of firms and the industrial structure of the product market are especially encouraged.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信