Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?

Detalhes bibliográficos
Autor(a) principal: Guia Arraiano, Irene
Data de Publicação: 2018
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.21/8889
Resumo: Comunicação em Conferência
id RCAP_810846b86dd7e4e7c2555de46b8e08d7
oai_identifier_str oai:repositorio.ipl.pt:10400.21/8889
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?Responsible Business in a changing WorldSustainable developmentMarket valuationBanking sectorFinancial crisisComunicação em ConferênciaThe banking sector since 2001 has seen an increasing evolution in the number of banks that engage in sustainability in Europe, however, this evolution has been slower when compared to the other sectors of activity. It should be noted that the number of empirical studies in this particular sector in this region covering a specific period of study, which includes the global financial crisis, is scarce. In this sense, the present study evaluates the value relevance of banks listed in the Dow Jones Sustainability Index Europe using a sample of 66 European banks in the stock markets of France, Germany, Italy, the Netherlands, Norway, Spain and the United Kingdom. From 2001 to 2013, the period under review presented a major growth in sustainable investments, by taking into account the global financial crisis, it was studied in two subperiods, pre and post crisis. Therefore, by using a modified Ohlson model and applying a panel data methodology for the empirical research, consisting of a combination of time series and cross-sectional data in a joint test, it enabled to control individual unobservable heterogeneity as well as the endogenous nature of the explanatory variables. The study found that banks listed in this index are associated with higher market valuations and has a direct effect on stock prices by modifying the value-relevance of financial information. The global financial crisis has led investors to pay attention to sustainability in the banking sector in the European markets and began to include ethical principles in their investment strategies. These findings have important information for both investors and stakeholders, as well as market regulators and policymakers. I want to believe that this empirical study contributes to the existing literature and encourages investors to play an important role in the sustainable development of such an important sector of society.5th International Conference on CSR, Sustainability, Ethics & GovernanceRCIPLGuia Arraiano, Irene2018-10-03T10:57:18Z2018-062018-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.21/8889enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T09:56:55Zoai:repositorio.ipl.pt:10400.21/8889Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:17:35.097864Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
Responsible Business in a changing World
title Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
spellingShingle Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
Guia Arraiano, Irene
Sustainable development
Market valuation
Banking sector
Financial crisis
title_short Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
title_full Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
title_fullStr Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
title_full_unstemmed Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
title_sort Is there Value Creation in the Banks listed in Dow Jones Sustainability Index Europe?
author Guia Arraiano, Irene
author_facet Guia Arraiano, Irene
author_role author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Guia Arraiano, Irene
dc.subject.por.fl_str_mv Sustainable development
Market valuation
Banking sector
Financial crisis
topic Sustainable development
Market valuation
Banking sector
Financial crisis
description Comunicação em Conferência
publishDate 2018
dc.date.none.fl_str_mv 2018-10-03T10:57:18Z
2018-06
2018-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.21/8889
url http://hdl.handle.net/10400.21/8889
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv 5th International Conference on CSR, Sustainability, Ethics & Governance
publisher.none.fl_str_mv 5th International Conference on CSR, Sustainability, Ethics & Governance
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799133438648778752

Registros relacionados