KOMPARATIVNA ANALIZA ESG I FINANSIJSKIH PERFORMANSI BANAKA U EVROPI
COMPARATIVE ANALYSIS OF ESG AND FINANCIAL PERFORMANCE OF BANKS IN EUROPE

Author(s): Miloš Grujić
Subject(s): Business Economy / Management, Governance, Financial Markets, Accounting - Business Administration
Published by: Finrar d.o.o Banja Luka
Keywords: banking sector; ESG performance; social responsibility; corporate governance;
Summary/Abstract: This research aims to explore the relationships between environmental, social, and governance (ESG) performance and the financial performance of European banks. The focus is on how bank performance varies by size, employee count, and geographical region. This study relies on operational data from 111 European Union and eurozone banks. Data were gathered from Thomson Reuters Eikon, the World Bank, the online platform Statista, and Bloomberg. The statistical analysis includes an ANOVA test to identify variations in ESG and financial performance based on geographical and monetary classifications. The results confirm significant differences in ESG and financial performance across various regions in Europe among banks of different sizes. These findings can assist policymakers, investors, auditors, and managers in understanding the most critical aspects to enhance operational efficiency and social responsibility. Further research in this area is essential for deepening the understanding of the relationship between ESG and financial performance within the dynamic banking sector.

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