The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The impact of environmental, social, and governance performance on stock prices: Evidence from the banking industry
Abstract
After the global financial crisis, commercial banks have increased their social responsibility activities with the aim of reinforcing the credibility and trust that their stakeholders have in them. However, prior research about the value relevance for their financial stakeholders of these sustainable practices is scarce. In this context, the aim of this research is to examine whether environmental, social, and governance (ESG) performance of commercial banks listed on 20 different stock markets provides relevant information and has a significant impact on stock prices over the 2002–2015 period. Our overall results reveal that stock market investors value the three ESG pillars in a different manner. We also observe that the value relevance of ESG performance is significantly higher for banks from common law countries and after the global financial crisis. These findings could have several implications for internal and external stakeholders such as managers, investors, and market regulators.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848
Cited by
Bătae, O. M., Dragomir, V. D., & Feleagă, L. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.125791 · Cited by 432
Abdi, Y., Li, X., & Càmara-Turull, X. (2022) · Environment, Development and Sustainability · doi:10.1007/s10668-021-01649-w · Cited by 432
Zhang, D. (2023) · Energy Economics · doi:10.1016/j.eneco.2023.106688 · Cited by 291
Sandberg, H., Alnoor, A., & Tiberius, V. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3259 · Cited by 285
Deng, X., Li, W., & Ren, X. (2023) · Finance Research Letters · doi:10.1016/j.frl.2022.103439 · Cited by 269
Metadata
- Authors
- Miralles‐Quirós, M. M., Miralles‐Quirós, J. L., & Redondo‐Hernández, J.
- Venue
- Corporate Social Responsibility and Environmental Management
- Publisher
- Wiley
- Published
- 2019-04-24
- Volume
- 26
- Issue
- 6
- Pages
- 1446-1456
- ISSN
- 1535-3958 (ISSN-L)
- 1535-3966
- OpenAlex
- W2941281741
- Cited by
- 202
- References
- 1
- FWCI
- 20.86
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: The impact of environmental, social, and governance performance on stock prices: Evidence from the banking industry. https://app.cochat.ai/papers/10.1002/csr.1759
- The paper
- Miralles‐Quirós, M. M., Miralles‐Quirós, J. L., & Redondo‐Hernández, J. (2019). The impact of environmental, social, and governance performance on stock prices: Evidence from the banking industry. Corporate Social Responsibility and Environmental Management. https://doi.org/10.1002/csr.1759
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
