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ESG performance in banking post-covid pandemic : does islamic banking perform better?
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Orientador(es)
Resumo(s)
The fascinating and - for many - distant Islamic way of conducting corporate and
public finance has multiple distinctive features from the one it is seen as conventional
within western countries.
In times where sustainability is dominating agendas everywhere across the globe
following an impactful pandemic period, it seemed interesting to study how this very
distinct doctrine financial institutions behaved compared to the conventional European
banks within the environmental, social and governance fields.
Along the below-presented work, it is possible to find several empirical approaches
to the studied hypothesis, with three different regression methods being applied in order
to infer whether Islamic banks overperformed non shariah-compliant ones within the
COVID period in sustainability matters and also if that performance was linear
throughout the several ESG score levels.
The results were inconclusive on the relationship between the Islamic factor and the
post-pandemic ESG aggregate scores obtained by the financial institutions across Europe
and Middle East, being the conclusions robust even through instrumental variables. But
although these linear models having shown non-significant results regarding shariahcompliance, when assuming a non-linear approach through the utilization of a quantile
regression it is possible to observe a very significant positive relationship between the
Islamic factor and sustainability scores within the higher and lower quantiles.
Descrição
Mestrado Bolonha em Finanças
Palavras-chave
Islamic Finance Corporate Social Responsibility Banking COVID-19 ESG Sustainability
Contexto Educativo
Citação
Mota, Vasco Albuquerque (2022). “ESG performance in banking post-covid pandemic : does islamic banking perform better?”. Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão
Editora
Instituto Superior de Economia e Gestão