Corporate Social Responsibility and Bank Credit Ratings

Laura Baselga Pascual; Nebojsa Dimic; Emilia Vähämaa

doi:10.1007/978-3-031-29031-2_3

Corporate Social Responsibility and Bank Credit Ratings

Laura Baselga Pascual
, Nebojsa Dimic
, Emilia Vähämaa

Finance, Vaasa

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific › peer-review

1 Citation (Scopus)

Abstract

This paper examines the association between bank credit ratings and corporate social responsibility (CSR). The sample includes large publicly listed banks in the United States during fiscal years 2000–2016. Our findings indicate that CSR policies positively affect banks’ credit ratings. We further test each dimension of the MSCI KLD database’s ESG ratings and find that the CSR components measuring diversity and employee relations are particularly relevant in the credit rating context.

Original language	English
Title of host publication	Green Finance Instruments, FinTech, and Investment Strategies : Sustainable Portfolio Management in the Post-COVID Era
Editors	Nader Naifar, Ahmed Elsayed
Place of Publication	Cham
Publisher	Springer
Publication date	2023
Pages	47-63
ISBN (Print)	978-3-031-29030-5
ISBN (Electronic)	978-3-031-29031-2
DOIs	https://doi.org/10.1007/978-3-031-29031-2_3
Publication status	Published - 2023
MoE publication type	A3 Book chapter

Publication series

Name	Sustainable Finance
ISSN (Print)	2522-8285
ISSN (Electronic)	2522-8293

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

Keywords

512 Business and Management
banks
credit ratings
CSR

Access to Document

10.1007/978-3-031-29031-2_3

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Cite this

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Corporate Social Responsibility and Bank Credit Ratings. / Baselga Pascual, Laura; Dimic, Nebojsa; Vähämaa, Emilia.
Green Finance Instruments, FinTech, and Investment Strategies: Sustainable Portfolio Management in the Post-COVID Era. ed. / Nader Naifar; Ahmed Elsayed. Cham: Springer, 2023. p. 47-63 (Sustainable Finance).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific › peer-review

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Corporate Social Responsibility and Bank Credit Ratings

Abstract

Publication series

UN SDGs

Keywords

Access to Document

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