Ethical investments and financial performance: An international evidence

2020 ◽  
Vol 62 ◽  
pp. 101147
Author(s):  
Wajahat Azmi ◽  
Shamsher Mohamad ◽  
Mohamed Eskandar Shah
Keyword(s):  
Financial Performance ◽  
International Evidence ◽  
Ethical Investments

Sustainability and financial performance relationship: international evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ilker Yilmaz
Keyword(s):  
Financial Performance ◽  
Emerging Economies ◽  
Corporate Sustainability ◽  
Joint Effect ◽  
Business Practices ◽  
Content Type ◽  
Firm Financial Performance ◽  
International Evidence ◽  
The Relationship ◽  
Practical Implications

PurposeThe purpose of the article is to examine the relationship of corporate sustainability to firm financial performance by presenting international data.Design/methodology/approachThe sample includes non-financial companies from five emerging economies known as BRICS for a five-year period of 2014–2018. The study uses the ESG (environmental, social, governance) scores from Sustainalytics database and financial data from company reports. Panel regression models are developed to figure out the relationship.FindingsThe results of the article revealed that there is a positively significant relationship between sustainability performance and financial performance. Total ESG score has produced significant results while the individual scores of environmental, social, and governance have produced insignificant results; implying that the components of total ESG score have a joint effect on the financial performance.Practical implicationsThe results of the article have important practical implications for companies. Engagement in sustainable business practices will help improve the financial performance. In addition, the companies should be active in all components of sustainability.Originality/valueThe article contributed empirical evidence for sustainability-financial performance relationship by using the international evidence from five emerging economies.

scholarly journals Carbon disclosure, carbon performance and financial performance: International evidence

2021 ◽  
Vol 75 ◽  
pp. 101734
Author(s):  
Md Abubakar Siddique ◽  
Md Akhtaruzzaman ◽  
Afzalur Rashid ◽  
Helmi Hammami
Keyword(s):  
Financial Performance ◽  
International Evidence ◽  
Carbon Performance

scholarly journals Overcoming the comparative confusion of the audit committee’s impact on the financial performance of conventional and Islamic banks: An international evidence in a framework of agency theory

2021 ◽  
Vol 6 (3) ◽  
pp. 55-90
Author(s):  
Achraf Haddad ◽  
Mohamed Naceur Souissi ◽  
Abdelfattah Bouri
Keyword(s):  
Panel Data ◽  
Financial Performance ◽  
Agency Theory ◽  
Audit Committee ◽  
Islamic Banks ◽  
International Evidence ◽  
Secondary Role ◽  
Conventional Banks ◽  
Theoretical Foundations ◽  
Conventional And Islamic Banks

Based on the banking and governance literature, the impacts of the audit committee quality on the financial performance of conventional and Islamic banks are mixed, unstable and sometimes contradictory. In this study, we consulted deeply the theoretical foundations of the audit committee quality on the financial performance of conventional and Islamic banks to solve the ambiguity of comparison in a framework of agency theory. Measures of financial performance and audit committee determinants are collected from 30 countries. Under the panel data estimations, data were collected from 112 banks of each type that have published their reports regularly during the period (2010-2019). Overall, we obtained 1120 bank-year observations in each sub-sample. The results showed that the audit committee in conventional banks negatively affected their financial performance. However, in Islamic banks, it revealed a vague impact because of his secondary role.

Carbon Disclosure, Carbon Performance and Financial Performance: International Evidence

2021 ◽  
Author(s):  
Md Abubakar Siddique ◽  
Md Akhtaruzzaman ◽  
Afzalur Rashid ◽  
Helmi Hammami
Keyword(s):  
Financial Performance ◽  
International Evidence ◽  
Carbon Performance

scholarly journals Effect of board quality on the financial performance of conventional and Islamic banks: Comparative study on the international evidence

2020 ◽  
Author(s):  
Achraf HADDAD ◽  
Anis EL AMMARI ◽  
Abdelfattah BOURI
Keyword(s):  
Financial Performance ◽  
Board Of Directors ◽  
Positive Impact ◽  
Cylindrical Panel ◽  
Islamic Banks ◽  
International Evidence ◽  
The Board Of Directors ◽  
Conventional Banks ◽  
The Impact ◽  
Conventional And Islamic Banks

Abstract This article provides the first logical analysis that detailed the process of comparative analysis between the correlation of board determinants’ quality and the financial performance of conventional and Islamic banks. However, in previous research, we have never encountered rewarding studies that compared these impacts. In our study, we distinguished between the impact of the board of directors on the financial performance in conventional and Islamic banks. Settings of the financial performance and board of directors of the conventional and Islamic banks are collected from 30 countries located in four continents: America, Europe, Asia, and Africa. Two equal samples were collected that each of them is composed of 112 banks. By using the cylindrical panel method, data were used to explore the impact of the board of directors on the financial performance between both types of banks over the period 2010-2018, giving us 1008 bank-year observations in each sub-sample. On the whole, empirical results have shown that in conventional banks the board of directors has negatively affected the financial performance, while the impact of the board on the financial performance of Islamic banks is ambiguous. Nevertheless, the degree of the positive impact on financial performance is more significant in Islamic banks.

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