What question did this study set out to answer?

This research aims to clarify the impact of CSR committees on the profitability of banks.

Does the Presence of CSR Committees Enhance Bank Profitability Through Improved Governance and Reduced ESG Controversies?

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Randomized trial shows CSR committees improve bank profitability, highlighting effective governance design.

This research aims to clarify the impact of CSR committees on the profitability of banks.
Analyzed a panel of 227 listed banks across 28 countries from 2002 to 2024.
Employed methods including two-stage least squares, staggered difference-in-differences, and dynamic panel models.
Assessed the influence of board characteristics on the relationship between CSR committees and profitability.
Banks with CSR committees showed superior financial performance, with a significant reduction in ESG controversies.
The positive impact was strongest in banks with gender-diverse leadership and high independent director ratios.
Results were robust across European banking systems but less significant in Asian markets.

Le et al. (2026) studied this question.

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