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The different dimensions of sustainability and bank performance: Evidence from the EU and the USA

Souad Moufty, Ephraim Clark () and Basil Al-Najjar

Journal of International Accounting, Auditing and Taxation, 2021, vol. 43, issue C

Abstract: This paper looks at four different dimensions of sustainability and examines their effects on bank performance in the United States of America and the European Union. Content analysis is applied to a sample of 483 reports to construct a consistent index that reflects the multi-dimensionality of sustainability. Using structural equation modelling path analysis to test the sustainability model, the results reveal a significant positive relationship between the internal social dimensions of sustainability and bank performance while no evidence was found for the relationship between the environmental dimensions of sustainability and bank performance.

Keywords: Banking sector; Corporate social responsibility (CSR); Environmental and social practices; Financial performance; Stakeholders theory; Sustainability; Structural equation modelling path analysis (search for similar items in EconPapers)
JEL-codes: G20 G21 M14 M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:43:y:2021:i:c:s1061951821000069

DOI: 10.1016/j.intaccaudtax.2021.100381

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