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September 28, 2025Emerging Markets Finance and Trade

Banking on Green: Assessing Financial Market ESG Performance in European Financial Institutions

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Authors

AHAlexandra HorobeţBucharest University of Economic StudiesBRBirjees RahatExcelia Business SchoolLBLucian BelaşcuLucian Blaga University of Sibiu

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Implication

Panel data regression shows mixed results for ESG performance in banks, suggesting sustainability may incur costs.

Key Points

  • Higher ESG scores correlate with reduced financial results, indicating potential higher operational costs.
  • Aligning with the MSCI ESG benchmark leads to improved ROA and ROE, highlighting sustainability benefits.
  • The analysis covers 280 banks across 30 European countries from 2014 to 2023, using quantitative methods.
  • Findings advance understanding of how sustainability reshapes investment decisions and risk in banking.

Cite This Study

Horobeţ et al. (2025) studied this question.

synapsesocial.com/papers/68d913b24ddcf71ba560bfaehttps://doi.org/10.1080/1540496x.2025.2562332
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Also Consider

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  1. 1The Influence of Environmental, Social, and Governance Issues in the Banking Industry2024 · 25 citations
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  3. 3A Note on the Theme of Too Many Instruments *2009 · 5,138 citations