Is It Good to Be a Green Multinational Bank?
Copyright policy )Is It Good to Be a Green Multinational Bank?
This paper examines the influence of environmental corporate social responsibility (ECSR) on corporate financial performance (CFP) using data on French multinational banks from 2008 to 2011. Our results show that the relationship between ECSR and multinational bank CFP is positive and statistically significant. However, taking into account R&D activities allows an alternative perspective: the influence of ESCR on ROA decreases as banks’ R&D activities increase. Thus, ECSR most strongly influences CFP in low-R&D intensity multinational banks.
- Centre de Droit des Affaires et de Gestion France
- ICN BUSINESS SCHOOL France
- École Normale Supérieure France
- Paris Dauphine University France
- Paris Descartes University France
Environmental corporate social responsibility, Responsabilité environnementale de l’entreprise, activités de R&D, performance financière de l’entreprise, corporate financial performance, desempeño financiero corporativo, French multinational banks, Responsabilité environnementale de l’entreprise, banques multinationales françaises, bancos multinacionales franceses, actividades de I&D, R&D activities, [SHS] Humanities and Social Sciences, Responsabilidad medioambiental de la empresa
Environmental corporate social responsibility, Responsabilité environnementale de l’entreprise, activités de R&D, performance financière de l’entreprise, corporate financial performance, desempeño financiero corporativo, French multinational banks, Responsabilité environnementale de l’entreprise, banques multinationales françaises, bancos multinacionales franceses, actividades de I&D, R&D activities, [SHS] Humanities and Social Sciences, Responsabilidad medioambiental de la empresa
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