Ricerc@Sapienza

ESG issues have reached the banking industry and forced the sector to question why to be compliant. This paper aims at exploring the relationship between the ESG attitude of banks and their financial performance. Using a regression model on 43 European banks, main findings show significant correlation between ESG and value creation, and no relevant correlation between ESG and market performance.

Are press releases on Corporate Governance price sensitive? What is the impact of Corporate Governance information on stock prices of banks? This paper addresses these questions by applying an event study methodology on 70 press releases published by the Euro area banks listed on the Eurostoxx banks Index, from 2007 to 2016. Systemic shocks are explored as well idiosyncratic ones.