Publication:

ESG and systemic risk

Date

Date

Date
2023
Journal Article
Published version

Citations

Citation copied

Aevoae, G.-M., Andries, A. M., Ongena, S., & Sprincean, N. (2023). ESG and systemic risk. Applied Economics, 55(27), 3085–3109. https://doi.org/10.1080/00036846.2022.2108752

Abstract

Abstract

Abstract

How do changes in Environmental, Social and Governance (ESG) scores influence banks’ systemic risk contribution? Using a dynamic panel model, we document a beneficial impact of the ESG Combined Score and Governance pillar on banks’ contribution to system-wide distress analysing a panel of 367 publicly listed banks from 47 countries over the period 2007-2020. Stakeholder theory and theory relating social performance to expected returns in which enhanced investments in corporate social responsibility mitigate bank specific risks explain

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16 since deposited on 2023-07-04
3last week
Acq. date: 2025-11-14

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3 since deposited on 2023-07-04
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Acq. date: 2025-11-14

Additional indexing

Creators (Authors)

Journal/Series Title

Journal/Series Title

Journal/Series Title

Volume

Volume

Volume
55

Number

Number

Number
27

Page range/Item number

Page range/Item number

Page range/Item number
3085

Page end

Page end

Page end
3109

Item Type

Item Type

Item Type
Journal Article

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Keywords

Systemic risk, financial stability, Corporate Social Responsibility (CSR), environmental, Social and Governance (ESG) scores

Scope

Scope

Scope
Discipline-based scholarship (basic research)

Language

Language

Language
English

Publication date

Publication date

Publication date
2023

Date available

Date available

Date available
2023-07-04

Publisher

Publisher

Publisher

ISSN or e-ISSN

ISSN or e-ISSN

ISSN or e-ISSN
0003-6846

Additional Information

Additional Information

Additional Information
This is an electronic version of an article published in [include the complete citation information for the final version of the article as published in the print edition of the journal. Applied Economics is available online at: https://www.tandfonline.com/doi/full/10.1080/00036846.2022.2108752

OA Status

OA Status

OA Status
Green

Other Identification Number

Other Identification Number

Other Identification Number
merlin-id:22598

Metrics

Downloads

16 since deposited on 2023-07-04
3last week
Acq. date: 2025-11-14

Views

3 since deposited on 2023-07-04
2last week
Acq. date: 2025-11-14

Citations

Citation copied

Aevoae, G.-M., Andries, A. M., Ongena, S., & Sprincean, N. (2023). ESG and systemic risk. Applied Economics, 55(27), 3085–3109. https://doi.org/10.1080/00036846.2022.2108752

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