Assessing the Relationship Between Environmental Performance and Banks’ Performance: Preliminary Evidence

Rosella Carè () and Antonio Fabio Forgione
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Rosella Carè: University Magna Graecia of Catanzaro
Antonio Fabio Forgione: University of Messina

Chapter Chapter 4 in Socially Responsible Investments, 2019, pp 61-85 from Palgrave Macmillan

Abstract: Abstract The question of whether it pays to be green has been addressed by many studies, but despite the growing number of works, the debate about the relationship between environmental performance, environmental disclosure, and banks’ performance is still unresolved, and mixed results have been found. This work explored the relationship between environmental disclosure, environmental performance, and financial performance by using a sample of 57 EU15 listed banks. Moreover, by applying the value relevance methodology, we analyzed the relationship between market values, environmental disclosure, and environmental performance. Our findings reveal strong evidence of the value relevance of environmental disclosure.

Keywords: Banking industry; Environmental performance; Financial performance; Value relevance; Environmental disclosure (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05014-6_4

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DOI: 10.1007/978-3-030-05014-6_4

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