Environmentally-certified space and retail revenues: A study of U.S. bank branches

Chang, Qingqing; Devine, Avis

doi:10.1016/j.jclepro.2018.11.266

Cited by 15 publications

(11 citation statements)

References 18 publications

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“…For instance, a bank's reputation can be improved through announcements of philanthropic projects for environmental causes, green building certifications and the attainment of ISO 14001 certification, in order to capitalize on public call for corporate environmental sensitivity (Chang and Devine, 2019). In this regard, the resource-based view suggests that environmental enhancements can lead to increased profitability when a bank is involved in environmental prevention activities for either itself or its clients.…”

Section: Environmental Aspects and Bank Performancementioning

confidence: 99%

“…To analyze the relationship between ESG indicators (ESG_comb, ESG_pillars and ESG_dimensions) and BP, the study estimates the following econometric models in accordance with the literature previously reviewed (Buallay et al, 2021;Chang and Devine, 2019;Esteban-Sanchez et al, 2017;Peni and Va ¨ha ¨maa, 2012;Shakil et al, 2019;Shen et al, 2016;Siueia et al, 2019):…”

Section: The Modelmentioning

confidence: 99%

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ESG dimensions and bank performance: an empirical investigation in Italy

Menicucci

Paolucci

2022

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Purpose This study aims to investigate the impact of environmental performance, social responsibility and corporate governance (ESG) on bank performance (BP) in the Italian banking sector. It analyzes the relationships between 10 dimensions of ESG pillars and BP indicators during the period 2016–2020. Design/methodology/approach This study examines a sample of 105 Italian banks and develops three econometric models to verify the effect of ESG initiatives on BP indicators. The independent variables are the ESG dimensions collected from the Refinitiv database, whereas the explanatory variables are performance indicators measured through accounting and market variables. Findings The findings show that ESG policies negatively affect operational and market performance in the banking sector, suggesting that Italian banks have not fully embraced strong sustainability procedures. However, the relationships between ESG dimensions are mixed if measured individually. The results show a significant positive impact of emission and waste reductions on financial and operating performance, but regarding social aspects, it is proved that better product responsibility decreases accounting performance. Research limitations/implications This study offers an in-depth examination of ESG practices in relation to current and future performance. In particular, the findings provide practitioners and academics with an actual set of predictors in the ESG area to improve BP. Originality/value To the best of the authors’ knowledge, this is the only study that has investigated the impact of ESG issues on BP in Italy. Few prior studies have used all dimensions of ESG policies at a disaggregated level to investigate their effect on various performance indicators.

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Section: Environmental Aspects and Bank Performancementioning

confidence: 99%

Section: The Modelmentioning

confidence: 99%

ESG dimensions and bank performance: an empirical investigation in Italy

Menicucci

Paolucci

2022

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“…This is in accordance with Kamaruzzamana et al, 2019;Shurrab et al, 2019;Støre-Valen and Buser, 2019, who found that a reduction of energy use contributed to environmental sustainability. Ajayi et al (2019), Chang and Devine (2019), and Ilhan and Banu Yobas (2019) also found that energy efficiency implementation reduces the impact on the environment, as well as producing local and global environmental benefits (Omer, 2014).…”

Section: Energy Management -> Environmentmentioning

confidence: 99%

The Crossfire of Corporate Real Estate Sustainable Management With Corporate Sustainable Objectives in Malaysia

Fauzi

Johari

Chuweni

et al. 2021

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The emergence of corporations dabbling in sustainable development has caused a shift from the conventional way of managing office building to a more systematic approach involving high technology. Various discussions espouse the positive impact of sustainable office buildings on business. However, previous studies only discussed the elements involved, but most of these discussions did not specify which element that significantly contributed to business objectives. Thus, this research attempts to discover the relationship between corporate real estate sustainable management (CRESM) and corporate sustainability (CS) objectives to determine the most significant element of CRESM influencing overall CS objectives. A questionnaire survey was carried out involving 117 combinations of corporate real estate managers who are directly involved in managing sustainable offices in Malaysia. Data was then analyzed using IBM SPSS Smart PLS. Results indicate six elements of CRESM significantly affect CS objectives that hope to assist corporate real estate managers to well manage their sustainable office buildings as well as contributing to achieve their business objectives.

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“…Subsequently, they enjoy higher market price reflecting good long-term business opportunities (Rogerson, 2014). The veritable conclusion is that demand is increasing (Chang & Devine, 2019;Collins, Junghans, & Haugen, 2018;Hui, Yu, & Tse, 2016;Shurrab et al, 2019). This is the scenario in Malaysia where the average green office rental value is higher compared to non-green office buildings (Muniandy & Kasim, 2019).…”

Section: Economic Perspectivementioning

confidence: 99%

Volume 19 : 2021 Issue 3

Malaysia¹

2021

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Environmentally-certified space and retail revenues: A study of U.S. bank branches

Cited by 15 publications

References 18 publications

ESG dimensions and bank performance: an empirical investigation in Italy

ESG dimensions and bank performance: an empirical investigation in Italy

The Crossfire of Corporate Real Estate Sustainable Management With Corporate Sustainable Objectives in Malaysia

Volume 19 : 2021 Issue 3

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