ОДРЖИВО БАНКАРСТВО И ЊЕГОВЕ ОСНОВНЕ ДЕТЕРМИНАНТЕ НА ПРИМЕРУ БАНКАРСКОГ СЕКТОРА У СРБИЈИ
DOI:
https://doi.org/10.22190/TEME220721020SKljučne reči:
одрживост, финансије и банкарство, EСГ фактори, СрбијаApstrakt
Одрживост је већ читаву деценију једна од најважнијих тема у академској и пословној заједници. Усвајање ЕСГ праксе и креирање холистичких пословних модела је на дневном реду целокупне финансијске индустрије, а нарочито унутар банкарских и инвестиционих институција. Рад има за циљ анализу регулаторног оквира и досадашње праксе одрживих пословних модела на узорку најзначајнијих међународних банака које послују у српској привреди. Анализа се састоји из дескриптивне оцене ЕСГ регулативе, оквира извештавања у домену одрживости, и квантитативне анализе ЕСГ индикатора и њиховог статистичког односа са финансијским перформансама банака. Услед многобројних ограничења, као што су недостатак квантитативних података и нестандардизована пракса извештавања, истраживање је спроведено на узорку који чине четири међународне банке које послују у Србији, за период између 2015. и 2021. године. Статистички резултати регресионе анализе не показују значајну везу између ЕСГ индикатора и финансијских перформанси банака.
Reference
Alexander, K. (2014).Stability and Sustainability in Banking Reform: are Environmental Risks Missing in Basel III? CISI & UNEPFI, Cambridge & Geneva.
Aracil, E., Najera-Sanchez, J.J.,& Forcadell F.J. (2021). Sustainable banking: A literature review and integrative framework, Finance Research Letters,42(1), 101932. doi:10.1016/j.frl.2021.101932
ASB. Serbian Banking in 2020; Banking—Special Issue; ASB: Belgrade, Serbia (2021).
Bahl, S. (2012). Green banking: The new strategic imperative, Asian J.Res.Bus.Econ.Manag. 2(2), 176-185.
Beck, T., Demirgüç-Kunt, A.,&Levine, R. (2010). Financial institutions and markets across countries and over time: the updated financial development and structure database. World Bank Econ Rev 24 (1), 77–92.
Birindelli, G., Forretti, P., Intonti, M., &Iannuzi, A.P. (2015). On the drivers of corporate social responsibility in banks: evidence from an ethical rating model, J.Manag.Govern. 19(2), 303-340. doi:10.1007/s10997-013-9262-9
Bouma, J.J., Jeucken, M., & Klinkers, L.(2001). Sustainable Banking: The Greening of Finance (1st ed.). Routledge. doi:10.4324/9781351282406
Bruno, M., &Lagasio, V. (2021).An Overview of the European Policies on ESG in the Banking Sector, Sustainability, 2021, 13, 12641, 1-10. doi:10.3390/su132212641.
Buallay, A. (2019), Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector", Management of Environmental Quality, 30 (1), 98-115. doi:10.1108/MEQ-12-2017-0149
CFA Society United Kingdom, ESG Investing Official Training Manual – Certificate in ESG investing, Edition 3 (2021).
Fink, L. (2020). A Fundamental Reshaping of Finance, BlackRock. Available at: www.blackrock.com/corporate/investor-relations/2020-larry-fink-ceo-letter
Hu, Y.,& Zheng, J. (2021).Is Green Credit a Good Tool to Achieve “Double Carbon” Goal? Based on Coupling Coordination Model and PVAR Mode, Sustainability 2021, 13, 14074, 1-21.doi:10.3390/su132414074.
Jin, W., Ding, W., & Yang, J. (2022). Impact of financial incentives on green manufacturing: Loan guarantee vs. interest subsidy, European Journal of Operational Research, 300 (3), 1067-1080, doi:10.1016/j.ejor.2021.09.011.
Jucken, M. (2010).Sustainable Finance and banking: The financial Sector and the Future of the Planet. Routledge
Jucken. M. (2004).Sustainability in finance: Banking On the Planet, Eburon Academic Publishers.
Lichtenthaler, U. (2021). Digitainability: The Combined Effects of the Megatrends Digitalization and Sustainability. JIM, 9(2), 64–80. doi:10.24840/2183-0606_009.002_0006
Mattila, A.S., Hanks, L., &Kim, E.E.K. (2010). The impact of company type and corporate social responsibility messaging on consumer perceptions. J. Financ. Serv. Market. 15 (2), 126–135. doi:10.1057/fsm.2010.10
Mazzucato,M.,& Semieniuk, G. (2018). Financing renewable energy: Who is financing what and why it matters, Technological Forecasting and Social Change,127,8-22. doi:10.1016/j.techfore.2017.05.021.
Mijokovic, M., Knezevic, G.,& Mizdrakovic, V. (2020). Analyzing the link between CSR reporting and financial performance variables of Belgrade Stock Exchange companies, TEME, Year XLVI, No 4,1369-1389. doi:10.22190/TEME190513081M
NBS. Bankarski Sektor u Srbiji: Izveštaj za II tromesecje 2020. godine. Available online: http://www.nbs.rs/ internet/cirilica/55/index.html (accessed on 3/31/22).
Polzin, F., Migendt, M., Täube, F., &Von Flotow, P. (2015). Public policy influence on renewable energy investments—A panel data study across OECD countries, Energy Policy, Volume 80, 98-111,doi:10.1016/j.enpol.2015.01.026.
Ruiz, B., Esteban, A.,&Gutierrez, S. (2014). Determinants of reputation of leading Spanish financial institutions among their customers in a context of economic crisis. BRQ Bus. Res. Q. 17 (4), 259–278.
Sa, M.J., Santos, A.I., Serpa, S., & Ferreira, C.M. (2021). Digitainability- Digital Competences Post-COVID-19 for a Sustainable Society. Sustainability,13, 9564.doi:10.3390/su13179564
San-Jose, I., Retolaza, J.I., &Gutierrez-Goria, J. (2011).Are ethical banks different? A comparative analysis using the radical affinity index, Routledge
Schwab, K. (2017). The fourth industrial revolution. Crown Business, New York.
Stefanovic, N., Barjaktarovic, L.,& Bataev, A. (2021). Digitanibility and Financial Performance: Evidence from Serbian Banking Sector, Sustainability,13, 1346,1-15, doi:10.3390/su132313461
Stojkovic, D., Jovanovic-Kranjec, M.,& Lukovic, M. (2021). Significance of green bonds on contermporary financial market, TEME, Year XLV, April – June 2021,621-637. doi:10.22190/TEME200525036S
Taliento M., Favino, C.,& Netti, A. (2019). Impact of Environmental, Social, and Governance Information on Economic Performance: Evidence of a Corporate “Sustainability Advantage” from Europe, Sustainability,11, 1738, 1-26 doi:10.3390/su11061738
UNGC. Sustainable finance (2022).
UNGC. Network Serbia. Available online: https://www.unglobalcompact.org/engage-locally/ europe/serbia (accessed on 19 June 2021).
UNEP FI. A legal framework for the integration of environmental, social and governance issues into institutional investment – produced for the Asset Management Working Group of the UNEP Finance Initiative (2005)
UN. Addis Ababa Action Agenda of the Third International Conference on Financing for Development. UN (2015).
UN Department of Public Information. Who Cares Wins – Connecting Markets to a Changing World: The Global Compact (2004)
UN. SDG. Available online: https://www.un.org/sustainabledevelopment/ sustainable-development-goals (accessed on 19 June 2021)
Zhang, X., Wang, Z., Zhong, X., Yang, S., &Siddik, A.B. (2022). Do Green Banking Activities Improve the Banks’ Environmental Performance? The Mediating Effect of Green Financing, Sustainability,14, 989, 1-18.doi:10.3390/su14020989.
