Does Environmental and Social Sustainability Influence Financial Performance?

Student: Amankwah Seth odum

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2021

ABSTRACT Although there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, there is little evidence for the banking sector. The effect of access to finance and environmental financing on the global banking sector's financial performance is investigated in this report. I find that access to finance has significantly positive effects on banks' financial output in most estimation models controlling for both bank-specific and macroeconomic variables, based on cross-sectional linear regressions and non-linear threshold regressions of 610 banks from 78 countries over the period 2013–2020. The positive impact on financial performance is channeled through loan growth and management quality.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses