
handle: 11353/10.2044878 , 10023/28717
We find strong evidence that measures of social responsibility contribute to increasing the resilience of banks. This finding holds when social responsibility is measured by aggregated ESG scores provided by Thomson Reuters, both according to their older Asset 4 categorization and to the reformed ESG Refinitiv classification, and resilience is proxied by various measures of systemic and systematic risk. The results hold on the level of subcategories of the ESG pillars, where we find that, particularly, variables related to the long-term perspective enhance resilience. Moreover, in our international study, we find significant transatlantic differences.
502009 Corporate finance, HG Finance, 330, Financial stability, Sustainable banking, ESG scores, Capital shortfall, HG, FiWi, 3rd-NDAS, SDG 12 – Nachhaltige/r Konsum und Produktion, 502009 Finanzwirtschaft, CMI, Systemic risk, 502022 Nachhaltiges Wirtschaften, Bank resiliency, SDG 12 - Responsible Consumption and Production, 502022 Sustainable economics
502009 Corporate finance, HG Finance, 330, Financial stability, Sustainable banking, ESG scores, Capital shortfall, HG, FiWi, 3rd-NDAS, SDG 12 – Nachhaltige/r Konsum und Produktion, 502009 Finanzwirtschaft, CMI, Systemic risk, 502022 Nachhaltiges Wirtschaften, Bank resiliency, SDG 12 - Responsible Consumption and Production, 502022 Sustainable economics
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