The different dimensions of sustainability and bank performance: Evidence from the EU and the USA

Souad Moufty; Ephraim Clark; Basil Al-Najjar

doi:10.1016/j.intaccaudtax.2021.100381

The different dimensions of sustainability and bank performance: Evidence from the EU and the USA

Souad Moufty^*, Ephraim Clark, Basil Al-Najjar

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

19 Citations (Scopus)

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Abstract

This paper looks at four different dimensions of sustainability and examines their effects on bank performance in the United States of America and the European Union. Content analysis is applied to a sample of 483 reports to construct a consistent index that reflects the multi-dimensionality of sustainability. Using structural equation modelling path analysis to test the sustainability model, the results reveal a significant positive relationship between the internal social dimensions of sustainability and bank performance while no evidence was found for the relationship between the environmental dimensions of sustainability and bank performance.

Original language	English
Article number	100381
Number of pages	22
Journal	Journal of International Accounting, Auditing and Taxation
Volume	43
Early online date	13 Mar 2021
DOIs	https://doi.org/10.1016/j.intaccaudtax.2021.100381
Publication status	Published - 1 Jun 2021
Externally published	Yes

Keywords

Banking sector
Corporate social responsibility (CSR)
Environmental and social practices
Financial performance
Stakeholders theory
Structural equation modelling path analysis
Sustainability

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.intaccaudtax.2021.100381

JIAAT-paperAccepted author manuscript, 709 KBLicence: CC BY-NC-ND

Cite this

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AB - This paper looks at four different dimensions of sustainability and examines their effects on bank performance in the United States of America and the European Union. Content analysis is applied to a sample of 483 reports to construct a consistent index that reflects the multi-dimensionality of sustainability. Using structural equation modelling path analysis to test the sustainability model, the results reveal a significant positive relationship between the internal social dimensions of sustainability and bank performance while no evidence was found for the relationship between the environmental dimensions of sustainability and bank performance.

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KW - Environmental and social practices

KW - Financial performance

KW - Stakeholders theory

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ER -

The different dimensions of sustainability and bank performance: Evidence from the EU and the USA

Abstract

Keywords

UN SDGs

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