The impact of environmental disclosure and controversies on bank value

Simona Galletta, John W. Goodell, Sebastiano Mazzù, Andrea Paltrinieri

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

We investigate the effect of green investment communication on the relationship between environmental controversies and bank value. Using a dataset of listed banks from 45 countries for 2012–2021, the main results show a positive moderating effect of green disclosure on banks’ controversial value relationship. The moderating effect is greater for banks with the highest number of environmental controversies. These results are also confirmed when addressing endogeneity bias with the generalised method of moments. Our evidence provides new insights for regulators to check the actual green behaviour of banks that are most exposed to environmental controversies. The results highlight the need for policymakers to take proactive measures to develop and strengthen governance that can enhance bank value by taking into account the needs and interests of different stakeholders and local communities.
Lingua originaleEnglish
pagine (da-a)1-18
Numero di pagine18
RivistaJournal of Economics and Business
DOI
Stato di pubblicazionePubblicato - 2024

Keywords

  • Banks
  • Performance
  • Environmental investments

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