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این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۲ دارای ۱۱ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: M1303
سال نشر: ۲۰۲۲
نام ناشر (پایگاه داده): الزویر
نام مجله: Journal of Business Research
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۱۱ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۲ :تاثیر مدیریت تغییر اقلیم بر سودآوری بانک ها
عنوان کامل انگلیسی:
The impact of climate change management on banks profitability
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چکیده فارسی
این مطالعه به طور تجربی تأثیر مدیریت تغییر اقلیم بر سودآوری بانک‌ها را با استفاده از داده‌های پانلی نمونه‌ای از ۱۳۷ بانک در ۳۶ کشور نوظهور و توسعه‌یافته طی دوره ۲۰۱۱-۲۰۱۹، با استفاده از روش گشتاور تعمیم‌یافته ، بررسی می‌کند. شواهد تجربی ما نشان می‌دهند که اگرچه به نظر می‌رسد بانک‌ها از پیامدهای تغییرات اقلیمی بر کسب‌وکار خود آگاه هستند، تا حدی که آن را به عنوان یک موضوع استراتژیک قابل بحث در هیئت مدیره می دانند، با این حال از نظر اجرای عملیاتی بسیار ضعیف عمل کرده اند. این موضوع منجر به تأثیر مثبت بر سودآوری مشروط به کیفیت کلی مدیریت و افشاء تغییرات اقلیمی و توجیه عملی درباره ارتباط موضوع با هیئت مدیره می شود. تدوین و ارائه مقررات بانکی جدید و رابطه ضعیف فعلی بین اقدامات مدیریت تغییر اقلیم و عملکرد مالی باید بانک‌ها را تحریک کند تا توجه بیشتری به این اقدامات برای حفظ بازده‌های آتی خود داشته باشند.
کلمات کلیدی: مدیریت تغییر اقلیم، بانک، مسئولیت اجتماعی شرکت، سودآوری، پروژه افشاء کربن
Abstract
This study empirically examines the influence of climate change management on banks’ profitability using panel data of a sample of 137 banks from 36 emerging and developed countries during the period 2011–۲۰۱۹, using the Generalized Method of Moments. Our empirical evidence shows that, although banks seem to be aware of the consequences of climate change on their business, to the point of making it a strategic topic worthy of the board of directors, they remain very timid in terms of operational implementation. It leads to a positive impact on profitability limited to the overall quality of climate change management and disclosure and an ex-post justification of the topic’s relevance to the board. The foreseeable introduction of new banking regulations and the current weak relationship between climate change managerial practices and financial performance should encourage banks to pay greater attention to these practices to preserve their future returns…
Keywords: Climate change management, Bank, Corporate social responsibility, Profitability, Carbon disclosure project
۱.Introduction
The recent Intergovernmental Panel on Climate Change (IPCC) report (2021) illustrates the growing scientific evidence that global warming may have catastrophic effects on the earth and, consequently, human activities. As the main economic players, corporations will increasingly be held accountable for their involvement in sustainability and the fight against global warming (Shrivastava & Hart, 1995). Banks, the main providers of financing for the economy, are impacted by climate change and are crucial for implementing sound practices and behaviors to combat climate change. Banking operations, particularly lending operations, affect and are affected by the environment, and a change in the criteria for making financial, lending, or investment decisions is required, for example, to include non-financial variables and long-term environmental impact. The banking regulation may also evolve in the near future, and the European Banking Authority (EBA), on behalf of the European Commission, is currently working on environmental, social, and governance disclosure rules. Banks’ capital requirements concerning green (and brown) assets may also consequently change (Berenger et al., 2020). The issue arising from these debates is the ability of banks to become greener and more akin to sustainable development, without deteriorating their profitability. As in any business, profitability in banks depends on extra operating costs or additional risk (impairments) and equity capital. Specifically, risk exposure in terms of climate change impacts must be assessed in the context of the Risk Appetite Framework (RAF) and capital adequacy issues….
۵.۳.Limitations and future research
Our research has the following main limitations. We rely on CDP longitudinal data from 2011 to 2019 to measure climate change managerial practices. To gather homogeneous data for the entire period, we choose the 2011 CDP survey as benchmark, offering limited information compared to the recent versions and consequently omitted data that could have enriched our investigation. In addition, all but CDP Score climate change management variables are binary, which provides a very simplified picture of banks’ concrete climate change managerial practices. Unfortunately, no standardized data are provided by banks (and corporations as a whole). Furthermore, the CDP Score is considered a very good proxy for carbon disclosure quality in the literature. It is also a synthetic assessment of the quality of the climate change management by companies themselves (which was the purpose of our paper); but we only extensively examine the environmental performance. In the literature, climate change performance is often measured by changes in greenhouse gas emissions. Furthermore, the reliability and comparability of the data provided are questionable (for instance, CDP provides such information, but a careful assessment of the data leads us to forgo keeping this variable in our model). In contrast, the scope of the greenhouse gas emissions is most often limited to the company itself, ignoring their customers and suppliers, which is also highly questionable if, for example, a company outsources most of its operations. Our research is based on the assumption that effective climate change managerial practices should result in a good environmental performance, which could be considered a limitation of our research. However, conversely, it would be surprising to achieve a good climate change performance through low climate change management…
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