National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Effect of ESG on Banking Sector
Tor, Michael ; Pečená, Magda (advisor) ; Petrásek, Lukáš (referee)
The aim of this thesis is to examine a potential financial performance link between the European banking sector and Environmental, Social, and Gov- ernance (ESG) performance scores. Previous research has shown conflicting results, from a positive correlation to a negative link suggesting sustainable strategies to bear a burden on banks. This analysis uses panel data regres- sions on a dataset of European banks to find a short-term relationship between dimensions of ESG and financial performance metrics ROA and ROE. This thesis provides an important contribution to the literature by using the latest available data in the research, influenced by the COVID-19 crisis. The analy- sis finds a negative correlation between Environmental performance scores and Bank performance while showing no significant relationships for other dimen- sions of ESG. This negative correlation was found to be even more substantial in the Southern Europe region when examining regions of Europe and bank size differences thoroughly. Keywords Banking sector, ESG performance, ESG, Bank value Title Effect of ESG on Banking Sector

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