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The impact of social and environmental sustainability on financial performance: a global analysis of the banking sector

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dc.contributor.authorEsma Nizam
dc.contributor.authorNg Adam Boon Ka
dc.contributor.authorGinanjar Dewandaru
dc.contributor.authorRuslan Nagayev
dc.contributor.authorMalik Abdulrahman Nkoba
dc.date.accessioned2019-11-11T07:36:29Z
dc.date.available2019-11-11T07:36:29Z
dc.date.issued2019
dc.description.abstractDespite the promising evidence of the corporate social and environmental performance-corporate financial performance relations across various business sectors, the findings from banking sector remain limited and inconclusive. This article examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regression and non-linear threshold regression of 713 banks from 75 countries over the period of 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most of the estimation models controlling for both bank specific and macroeconomic variables. The positive impact on financial performance is channelled through loan growth (in both cases) and management quality (in the case of access to finance). We find that banks with total assets of lower than USD 2.07 billion experience significantly positive impact of access to finance on their ROE. Policy implications toward policy and regulatory development in the banking sector are discussed.en_US
dc.identifier.citationNizam, E., Ng, A. B. K., Dewandaru, G., Nagayev, R., & Nkoba, M. A. (2019). The impact of social and environmental sustainability on financial performance: a global analysis of the banking sector. Journal of Multinational Financial Management, 49, pp. 35-53.en_US
dc.identifier.doihttps://doi.org/10.1016/j.mulfin.2019.01.002
dc.identifier.issn1042-444X
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3125
dc.languageEnglish
dc.language.isoengen_US
dc.publisherElsevier B.V.en_US
dc.rights2019. B.V. Elsevier
dc.sourceSEDONA
dc.subjectSustainabilityen_US
dc.subjectBank performanceen_US
dc.subjectESGen_US
dc.subjectAccess to financeen_US
dc.subjectEnvironmental financingen_US
dc.subjectThresholden_US
dc.titleThe impact of social and environmental sustainability on financial performance: a global analysis of the banking sectoren_US
dc.typeJournal Articleen_US
dlc.maintopicSustainabilityen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicSustainabilityen_US
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