Financial and environmental performances in the banking industry: A non-linear approach

Issam Laguir (), Rebecca Stekelorum (), Jamal Elbaz () and Lamia Laguir ()
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Issam Laguir: Montpellier Business School and Montpellier Research in Management
Rebecca Stekelorum: Université de Montpellier
Jamal Elbaz: Ecole Supérieure de Technologie (EST) d'Agadir, Ibn Zohr University
Lamia Laguir: Université Paris Descartes, Sorbonne Paris Cité

Economics Bulletin, 2017, vol. 37, issue 4, 2616-2624

Abstract: The present paper investigates the impact of corporate financial performance (CFP) on corporate environmental performance (CEP) in the banking industry. Based on the data of French banks from 2008 to 2011, our study reveals that the relationship between CFP and CEP is non-monotonic, thus suggesting that bank CEP increases significantly only after a certain threshold of financial resources is reached. Our study provides unique insights into the CFP-CEP relationship in the banking industry and reveals that adequate financial resources needs to be available in order to foster environmental investment and meet the expectations of a range of stakeholders.

Keywords: Environmental corporate social responsibility; corporate financial performance; curvilinear CFP–CEP relationship; banks (search for similar items in EconPapers)
JEL-codes: L2 M2 (search for similar items in EconPapers)
Date: 2017-11-19
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