Fossil fuel financing and voluntary disclosure of societal and environmental information: Testing the legitimacy hypothesis in the banking sector

Financement des filières fossiles et divulgation volontaire d'information sociétale et environnementale: Test de l'hypothèse de légitimité dans le secteur bancaire

Benoît Jamet () and Julien Bousquet
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Benoît Jamet: IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux
Julien Bousquet: IUT Bordeaux - Institut Universitaire de Technologie - Bordeaux - UB - Université de Bordeaux

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Abstract: The determinants of voluntary societal and environmental disclosure (VSED) have been little studied in the specific context of the banking sector, particularly the impact of environmental performance. This paper analyzes this relationship via financing allocated to fossil fuels firms by a sample of 35 international banks (period 2016-2019) on VSED indicators. The results corroborate the legitimacy hypothesis: banks optimize their extra-financial communication when they increase their financing of the fossil fuel sector. The link between performance and VSED is influenced by the geographical origin of the banks and the environmental policy of the home country.

Keywords: national context.; legitimacy theory; banking industry; environmental performance; Social and environmental voluntary disclosure; Divulgation volontaire d’information sociétale et environnementale; performance environnementale; secteur bancaire; théorie de la légitimité; contexte national. (search for similar items in EconPapers)
Date: 2022-05-23
Note: View the original document on HAL open archive server: https://u-bordeaux.hal.science/hal-05626767v1
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Published in AFC Association Française de Comptabilité, AFC, IRGO, IAE Bordeaux, May 2022, Bordeaux, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05626767

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