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Evaluating ESG disclosures of Islamic banks: evidence from the Organization of Islamic Cooperation Members

Author

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  • Amina Mohammed Buallay
  • Rami Mohammad Abu Wadi
  • Gagan Kukreja
  • Ahlam Ali Hassan

Abstract

This study considers the level of environment, social and governance (ESG) disclosures in the Islamic banks listed on the Organization of Islamic Cooperation Members stock Exchange and investigates the relationship between ESG disclosures and banks' financial (ROE), operational (ROA) and market performance (TQ). We examine 59 banks for 10 years (2007-2016), ends up with 561 observations. The results of regression models found significant positive impact of ESG on operational, financial and market performance. However, the relationship between performance and these disclosures is varying if measured individually; the environmental disclosure found positively affect the ROA and TQ. Whereas, the corporate social responsibility disclosure is negatively affect the three models (ROA, ROE and TQ). Last but not the least, the corporate governance disclosure found negatively affects the financial and operational performance. However, positively affect the TQ.

Suggested Citation

  • Amina Mohammed Buallay & Rami Mohammad Abu Wadi & Gagan Kukreja & Ahlam Ali Hassan, 2020. "Evaluating ESG disclosures of Islamic banks: evidence from the Organization of Islamic Cooperation Members," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 14(3), pages 266-287.
    • Handle: RePEc:ids:ijisde:v:14:y:2020:i:3:p:266-287
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    Cited by:

    1. Amit Kumar Singh & Yifang Zhang & Anu, 2023. "Understanding the Evolution of Environment, Social and Governance Research: Novel Implications From Bibliometric and Network Analysis," Evaluation Review, , vol. 47(2), pages 350-386, April.
    2. Douglas A. Adu, 2022. "Sustainable banking initiatives, environmental disclosure and financial performance: The moderating impact of corporate governance mechanisms," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2365-2399, July.

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