Sustainable banking and trust in the global South

被引:0
|
作者
Ubeda, Fernando [1 ,7 ]
Mendez, Alvaro [2 ,3 ,4 ]
Forcadell, Francisco Javier [5 ,6 ]
机构
[1] Univ Autonoma Madrid, Madrid, Spain
[2] UBI Business Sch, Brussels, Belgium
[3] Fudan Univ, Shanghai, Peoples R China
[4] London Sch Econ & Polit Sci, London, England
[5] ESIC Univ, Madrid, Spain
[6] Rey Juan Carlos Univ, Madrid, Spain
[7] Univ Autonoma Madrid, Fac CC Econ & Empresariales, C Francisco Tomas & Valiente 5, Madrid 28049, Spain
关键词
CORPORATE SOCIAL-RESPONSIBILITY; FINANCIAL CRISIS;
D O I
10.1111/1758-5899.13314
中图分类号
D81 [国际关系];
学科分类号
030207 ;
摘要
Trust in banking plays a significant role in promoting financial inclusion. Multinational banks (MNBs) have the potential to enhance trust by adopting sustainable banking practices. We investigate the impact of MNBs' adoption of ESG (Environmental, Social and Governance) practices on trust in banking in 38 developing countries. Using an instrumental variable approach and control function estimation, our findings indicate that sustainable practices by commercial MNBs are positively and significantly associated with increased trust in banking. The results remain consistent across different samples, lending robustness to our findings. By demonstrating the importance of sustainable banking in fostering trust, this study contributes to the limited literature on trust in banking in the global South.
引用
收藏
页码:34 / 44
页数:11
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