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Assessing the Relationship Between Environmental Performance and Banks’ Performance: Preliminary Evidence

In: Socially Responsible Investments

Author

Listed:
  • Rosella Carè

    (University Magna Graecia of Catanzaro)

  • Antonio Fabio Forgione

    (University of Messina)

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 financial 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 findings reveal strong evidence of the value relevance of environmental disclosure.

Suggested Citation

  • Rosella Carè & Antonio Fabio Forgione, 2019. "Assessing the Relationship Between Environmental Performance and Banks’ Performance: Preliminary Evidence," Palgrave Studies in Impact Finance, in: Mario La Torre & Helen Chiappini (ed.), Socially Responsible Investments, chapter 0, pages 61-85, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-05014-6_4
    DOI: 10.1007/978-3-030-05014-6_4
    as

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