An empirical investigation of ESG dimensions and bank performance: Evidence from the COVID-19 crisis

An-Chi Liu, Yung-Chih Lien and Yang Li

Pacific-Basin Finance Journal, 2025, vol. 93, issue C

Abstract: The Paris Agreement, signed at the end of 2015, aims to align financial flows with a path to low greenhouse gas emissions and climate-resilient development, guiding financial markets to directly participate in sustainable development via environmental, social, and governance (ESG) activities. As the COVID-19 pandemic provides an excellent opportunity to evaluate how exogenous shocks influence the functioning of the economic system, this research extends the double bootstrap truncated regression model proposed by Simar and Wilson (2007) by incorporating undesirable outputs to analyze how the pandemic affects the relationship between ESG dimensions and commercial bank performance.

Keywords: ESG; Commercial banks; COVID-19; Bootstrapped truncated regression model; BoD model (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:93:y:2025:i:c:s0927538x2500188x

DOI: 10.1016/j.pacfin.2025.102851

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