Chen, I-Ju; Hasan, Iftekhar; Lin, Chih-Yung; Tra Ngoc … - In: Journal of business ethics : JBE 174 (2021) 3, pp. 687-713
Banks play a unique role in society. They not only maximize profits but also consider the interests of stakeholders. We investigate whether banks consider firms’ pollution records in their lending decisions. The evidence shows that banks offer significantly higher loan spreads, higher total...