Corporate Social Responsibility and Bank Credit Ratings

Baselga-Pascual, Laura; Dimic, Nebojsa; Vähämaa, Emilia (2023-06-25)
 
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Tiedosto avautuu julkiseksi: : 25.06.2025
URI
https://doi.org/10.1007/978-3-031-29031-2_3

Baselga-Pascual, Laura
Dimic, Nebojsa
Vähämaa, Emilia
Editori(t)
Naifar, Nader
Elsayed, Ahmed
Springer
25.06.2023
doi:10.1007/978-3-031-29031-2_3
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https://urn.fi/URN:NBN:fi-fe20230822101603

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vertaisarvioitu
© 2023 Springer. This is a post-peer-review, pre-copyedit version of an article published in Green Finance Instruments, FinTech, and Investment Strategies: Sustainable Portfolio Management in the Post-COVID Era. The final authenticated version is available online at: http://dx.doi.org/10.1007/978-3-031-29031-2_3
Tiivistelmä
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.
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