Showing 1 - 10 of 172,504
Private investors are an increasingly important voice in sustainability challenges. We examine investors' attitudes and … respondents consider environmental, social, and governance (ESG) factors when making investment decisions. Our results indicate …
Persistent link: https://www.econbiz.de/10014389018
The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...
Persistent link: https://www.econbiz.de/10013103174
The concept of the corporate social responsibility (CSR) has been developed since the first part of the XX century by many world known economists. Importance and significance of the CSR for all kinds of firms, banks and corporations became obvious many years ago. Hundreds of scientific papers...
Persistent link: https://www.econbiz.de/10013040403
This paper examines the effect of foreign bank entry on local firms’ social performance. We find that foreign bank entry is associated with better performance of local firms in regard to corporate social responsibility (CSR). The effect is more pronounced when firms face less favorable...
Persistent link: https://www.econbiz.de/10014352923
How do changes in Environmental, Social and Governance (ESG) scores influence banks’ systemic risk contribution? We … document a beneficial impact of the ESG Combined Score and Governance pillar on banks’ contribution to system-wide distress … findings stress the importance of integrating banks’ ESG disclosure into regulatory authorities’ supervisory mechanisms as …
Persistent link: https://www.econbiz.de/10013169195
We show that risk-mitigating incentives dominate risk-shifting incentives in fragile banks. We study security trading by banks, as banks can easily and quickly change their risk exposure within their security portfolio. For identification, we exploit different crisis shocks and supervisory...
Persistent link: https://www.econbiz.de/10014280704
Using the coronavirus COVID-19 outbreak as a set-up for a quasi-experiment, this study derives novel insights on the dynamic correlation between Bitcoin and U.S. stocks. Given the unprecedented scale of infections and the nature of the virus, the potential impact on the dynamic correlation was...
Persistent link: https://www.econbiz.de/10012838065
Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...
Persistent link: https://www.econbiz.de/10013305627
This paper examines the relationship between gender diversity in corporate boards and executive positions and bank risk and performance in Latin America. Our sample covers 91 individual banks during 2000–2017. Our results suggest that banks with a higher proportion of female executives tend to...
Persistent link: https://www.econbiz.de/10012836253
Corporate culture is integral to business success, yet identifying when culture is misaligned with aspiration is challenging. This study shows a simple mechanism -- communicating culture consistently -- is linked to value creation. Using novel data from 300 U.S. banks reveals that the majority...
Persistent link: https://www.econbiz.de/10012849904