Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)

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Analysis of the Effect of the ESG Score on Bank Profitability in the ASEAN Region (Indonesia, Malaysia, Thailand, Vietnam, and Philippines) Before and During the COVID-19 Pandemic

Authors
Huzaifah Ar Rasyid1, *, Cynthia Afriani Utama1
1Faculty of Economics and Business, University of Indonesia, Jakarta, Indonesia
*Corresponding author. Email: huzaifah.arrasyid@ui.ac.id
Corresponding Author
Huzaifah Ar Rasyid
Available Online 30 August 2023.
DOI
10.2991/978-94-6463-226-2_14How to use a DOI?
Keywords
ESG; Banking Industry; Sustainable Finance; ASEAN
Abstract

We examine the relationship between environmental, social, and governance (ESG) score and bank profitability. Our sample includes over the period 2018–2021 from 5 ASEAN countries (Indonesia, Malaysia, Thailand, Vietnam and Philippines). We employ System Generalized Method of Moments (GMM) estimation to control for endogeneity. Environmentally friendly activities have the greatest effect on bank value. We examine the channels through which ESG activity impacts bank profitability and explain why proponents of both stakeholder theory and trade-off theory have found evidence to support their predictions of the relationship between ESG activity and bank value.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
30 August 2023
ISBN
978-94-6463-226-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-226-2_14How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Huzaifah Ar Rasyid
AU  - Cynthia Afriani Utama
PY  - 2023
DA  - 2023/08/30
TI  - Analysis of the Effect of the ESG Score on Bank Profitability in the ASEAN Region (Indonesia, Malaysia, Thailand, Vietnam, and Philippines) Before and During the COVID-19 Pandemic
BT  - Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)
PB  - Atlantis Press
SP  - 162
EP  - 166
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-226-2_14
DO  - 10.2991/978-94-6463-226-2_14
ID  - Rasyid2023
ER  -