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

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 sust...

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Bibliographic Details
Published in:Journal of international accounting, auditing & taxation auditing & taxation, 2021-06, Vol.43, p.100381, Article 100381
Main Authors: Moufty, Souad, Clark, Ephraim, Al-Najjar, Basil
Format: Article
Language:English
Subjects:
Banking sector
Corporate social responsibility (CSR)
Environmental and social practices
Financial performance
Stakeholders theory
Structural equation modelling path analysis
Sustainability
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Summary: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.
ISSN:1061-9518
1879-1603
DOI:10.1016/j.intaccaudtax.2021.100381