环境信息披露与争议对银行价值的影响

IF 3.3 Q1 BUSINESS, FINANCE

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2025-03-01 DOI:10.1016/j.jeconbus.2024.106221

Simona Galletta , John W. Goodell , Sebastiano Mazzù , Andrea Paltrinieri

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引用次数: 0

摘要

我们研究了绿色投资沟通对环境争议与银行价值之间关系的影响。利用2012-2021年45个国家上市银行的数据集，主要结果显示绿色披露对银行有争议的价值关系具有正向调节作用。对于环境争议最多的银行，其调节作用更大。这些结果也证实，当处理内生性偏差与矩的广义方法。我们的证据为监管机构检查最容易受到环境争议影响的银行的实际绿色行为提供了新的见解。研究结果表明，决策者需要采取积极措施，发展和加强治理，通过考虑不同利益相关者和当地社区的需求和利益来提高银行价值。

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The impact of environmental disclosure and controversies on bank value

We investigate the effect of green investment communication on the relationship between environmental controversies and bank value. Using a dataset of listed banks from 45 countries for 2012–2021, the main results show a positive moderating effect of green disclosure on banks’ controversial value relationship. The moderating effect is greater for banks with the highest number of environmental controversies. These results are also confirmed when addressing endogeneity bias with the generalised method of moments. Our evidence provides new insights for regulators to check the actual green behaviour of banks that are most exposed to environmental controversies. The results highlight the need for policymakers to take proactive measures to develop and strengthen governance that can enhance bank value by taking into account the needs and interests of different stakeholders and local communities.

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来源期刊

JOURNAL OF ECONOMICS AND BUSINESS BUSINESS, FINANCE-

CiteScore

6.20

自引率

2.60%

发文量

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.