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 fnancial 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 fndings reveal strong evidence of the value relevance of environmental disclosure.
Assessing the relationship between environmental performance and banks' performance: preliminary evidence
Carè R.
Primo
Membro del Collaboration Group
;
2019-01-01
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 fnancial 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 fndings reveal strong evidence of the value relevance of environmental disclosure.File | Dimensione | Formato | |
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[Palgrave Studies in Impact Finance] Mario La Torre, Helen Chiappini - Socially Responsible Investments (2019, Springer International Publishing,Palgrave Pivot).pdf
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