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 originale | English |
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pagine (da-a) | 1-18 |
Numero di pagine | 18 |
Rivista | Journal of Economics and Business |
DOI | |
Stato di pubblicazione | Pubblicato - 2024 |
Keywords
- Banks
- Performance
- Environmental investments