Publications

Authors:

Chiaramonte, Laura; Dreassi, Alberto; Girardone, Claudia; Piserà, Stefano

Title:

Socially responsible banking: Weathering the Covid-19 storm.

Year:

2024

Type of item:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Language:

Inglese

Referee:

No

Name of journal:

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS, INSTITUTIONS & MONEY

ISSN of journal:

1042-4431

Page numbers:

1-21

Keyword:

Environmental, Social and Governance (ESG); Covid-19; European Banking; Bank stability

Short description of contents:

This paper investigates the impact of socially responsible banking activities on banks’ risk profiles, using data from the period of turmoil caused by the Coronavirus (Covid-19) outbreak in Europe. Our findings show that socially responsible banking activities served as a risk-hedging strategy at the peak of the pandemic. Furthermore, we reveal the role of banks’ environmental and social engagement in reducing the exposure to country-level Covid-19 cases and public perception using a Google Trends sentiment analysis. Finally, in explaining the ESG-bank risk relationship, we identify a mediating role of the Covid-19 “panic” as a viable economic channel.

Note:

AJG 3

Product ID:

140995

Handle IRIS:

11562/1135626

Last Modified:

January 19, 2025

Bibliographic citation:

Chiaramonte, Laura; Dreassi, Alberto; Girardone, Claudia; Piserà, Stefano, Socially responsible banking: Weathering the Covid-19 storm. «JOURNAL OF INTERNATIONAL FINANCIAL MARKETS, INSTITUTIONS & MONEY» , 2024 , pp. 1-21

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