Do Banks Price ESG Performance? Regional Evidence From Europe and the United States

Tietueen suppeat tiedot
dc.contributor.authorSohel, Md Nurul Islam
dc.contributor.authorIqbal, Abdullah
dc.contributor.authorAhmed, Rizwan
dc.contributor.authorPappas, Vasileios
dc.date.accessioned2026-06-16T05:19:01Z
dc.date.issued2026
dc.description.abstractThis study examines whether corporate ESG performance affects syndicated loan spreads and whether the effect differs between Europe and the United States. Using LPC DealScan loans matched with Refinitiv ESG ratings for 2010–2023, we find that higher ESG scores are associated with lower loan spreads; a one-standard-deviation increase implies a 10.64-basis-point reduction. Environmental and social pillars drive the effect more strongly than governance. The negative ESG–spread relation is stronger in Europe and intensifies after the 2015 Paris Agreement, highlighting the roles of risk mitigation and institutional context in bank loan pricing.en
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|
dc.identifier.citationSohel, M. N. I., Iqbal, A., Ahmed, R., & Pappas, V. (2026). Do Banks Price ESG Performance? Regional Evidence From Europe and the United States. European Financial Management. https://doi.org/10.1111/eufm.70078
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/20811
dc.identifier.urnURN:NBN:fi-fe2026061671181
dc.language.isoen
dc.publisherWiley-Blackwell
dc.relation.doihttps://doi.org/10.1111/eufm.70078
dc.relation.ispartofjournalEuropean financial management
dc.relation.issn1468-036X
dc.relation.issn1354-7798
dc.relation.urlhttps://doi.org/10.1111/eufm.70078
dc.relation.urlhttps://urn.fi/URN:NBN:fi-fe2026061671181
dc.rightshttps://creativecommons.org/licenses/by/4.0/
dc.rights.copyright© 2026 The Author(s). European Financial Management published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
dc.source.identifierWOS:001781741700001
dc.source.identifier2-s2.0-105040657177
dc.source.identifier1b31ac16-c3fe-4d09-bc5e-7a27dde9da3a
dc.source.metadataSoleCRIS
dc.subjectcorporate loan pricing
dc.subjectESG performance
dc.subjectinstitutional theory
dc.subjectrisk mitigation
dc.subjectsyndicated loan
dc.subject.disciplinefi=Rahoitus|en=Finance|
dc.titleDo Banks Price ESG Performance? Regional Evidence From Europe and the United States
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä (vertaisarvioitu)|en=A1 Journal article (peer-reviewed)|
dc.type.publicationarticle
dc.type.versionpublishedVersion

Tiedostot

Näytetään 1 - 1 / 1
Name:
nbnfi-fe2026061671181.pdf
Size:
523.18 KB
Format:
Adobe Portable Document Format
Lataa

Kokoelmat

Artikkelit