Full Description
In recent years sustainable finance along with Environmental, Social and Governance (ESG) aspects and their implications for financial institutions have attracted the attention of academics and policy makers. The aim of the book is to bring together chapters that discuss the most recent empirical and theoretical evidence in the field, along with policy making and regulatory initiatives. The book covers topics such as the changing role of banks in the financial system, the differences between sustainable banks and traditional banks, ESG and financial performance, bank social responsibility and customer satisfaction, ESG risk management of financial institutions, the politics of climate finance and policy initiatives, and the role of bank regulators. It will be of interest to academics and policymakers working in banking, risk management, sustainable finance and related fields.
Contents
Preface - by Chrysovalantis Gaganis, Fotios Pasiouras, Menelaos Tasiou, Constantin Zopounidis.- Chapter 1 - The changing role of banks in the financial system: social versus conventional banks, by Simon Cornée, Anastasia Cozarenco, Ariane Szafarz.- Chapter2 - ESG issues as strategic components of long‑term success of financial institutions: are there differences in financial performance and firm value? by Olaf Weber.- Chapter 3 - Corporate social responsibility, customer satisfaction and customer loyalty in banking institutions: A literature review, by Stratos Kartsonakis and Evangelos Grigoroudis.- Chapter 4 - Socially and environmentally responsible investments and mutual funds, by Michalis Doumpos, Marianna Eskantar and Constantin Zopounidis.- Chapter 5 - Firm ESG practices and the terms of bank lending, by Mingying Cheng and Iftekhar Hasan.- Chapter 6 - ESG and credit risk, by Chrysovalantis Gaganis, Fotios Pasiouras, Menelaos Tasiou.- Chapter 7 - The politics of climate finance and policy initiatives to promote sustainable finance and address ESG issues, by Paola D'Orazio.- Chapter 8 - The role of bank regulators in the promotion of green and climate finance, by Paola D'Orazio.
