社会责任和银行弹性

IF 6.1 2区经济学 Q1 BUSINESS, FINANCE

Journal of Financial Stability Pub Date : 2023-11-10 DOI:10.1016/j.jfs.2023.101191

Thomas Gehrig , Maria Chiara Iannino , Stephan Unger

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引用次数: 0

摘要

我们发现强有力的证据表明，社会责任措施有助于提高银行的抗风险能力。当社会责任由汤森路透(Thomson Reuters)提供的ESG综合评分来衡量时，这一发现成立，既根据其旧的资产4分类，也根据改革后的ESG Refinitiv分类，而弹性则由各种系统性和系统性风险指标来代表。结果在ESG支柱的子类别层面上成立，我们发现，特别是与长期视角相关的变量增强了弹性。此外，在我们的国际研究中，我们发现了显著的跨大西洋差异。

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Social responsibility and bank resiliency

We find strong evidence that measures of social responsibility contribute to increasing the resilience of banks. This finding holds when social responsibility is measured by aggregated ESG scores provided by Thomson Reuters, both according to their older Asset 4 categorization and to the reformed ESG Refinitiv classification, and resilience is proxied by various measures of systemic and systematic risk. The results hold on the level of subcategories of the ESG pillars, where we find that, particularly, variables related to the long-term perspective enhance resilience. Moreover, in our international study, we find significant transatlantic differences.

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来源期刊

Journal of Financial Stability Multiple-

CiteScore

7.70

自引率

9.30%

发文量

审稿时长

34 days

期刊介绍： The Journal of Financial Stability provides an international forum for rigorous theoretical and empirical macro and micro economic and financial analysis of the causes, management, resolution and preventions of financial crises, including banking, securities market, payments and currency crises. The primary focus is on applied research that would be useful in affecting public policy with respect to financial stability. Thus, the Journal seeks to promote interaction among researchers, policy-makers and practitioners to identify potential risks to financial stability and develop means for preventing, mitigating or managing these risks both within and across countries.