In this paper, we investigate the differential impact of ESG activities on banks’ technical efficiency for conventional and Islamic banks. We employ a Data Envelopment Analysis (DEA) technique to determine scores Based sample 14 11 banks from 4 countries over period 2011 - 2019, find that average DEA-generated (Islamic) is about 38.8% (42.45%). Baseline Tobit regressions suggest has an overall ...

Rating systems not only provide information to users but also motivate the rated agent. This paper solves for the optimal (effort-maximizing) rating system within the standard career concerns framework. It is a mixture two-state rating system. That is, it is the sum of two Markov processes, with one that reflects the belief of the rater and the other the preferences of the rated agent. The rati...

Abstract ESG investing evolved over time from the earlier concept of CSR. The process evolution moved focus external impact corporate activities to risk and return implications for financial investors failing address issues in their portfolio selection engagement. bridge between two approaches was framing sustainability early part millennium as an overarching that could be mapped onto supply ca...

this research compared ratings of task performance and contextual performance from three different sources: self, peer, and supervisor. participants were service industry employees in the service industries in yogyakarta, indonesia. a sample of 146 employees and 40 supervisors   from the service industries provided ratings of task performance and contextual performance. the results indicated th...

We begin the study of unitary representations of Hecke algebras of complex reflections groups. We obtain a complete classification for the Hecke algebra of the symmetric group Sn over the complex numbers. Interestingly, the unitary representations in the category O for the rational Cherednik algebra of type A studied in [ESG] correspond to the unitary representations of the corresponding Hecke ...

Sustainable finance is generally understood as the integration of environmental, social, and governance (ESG) considerations into investment process. Based on participant observation sustainable impact investing conferences between 2015 2020, a series interviews with sustainability team several portfolio managers at large European bank in 2018 2019, I show how compulsion to define measure indic...

This article discusses risks for financial institutions associated with the transition to sustainable development and aims determine role of ESG factors in maintaining reputation Russian banks based on a risk assessment methodology that assumes factors, which we test using data systemically important banks. The achievement this goal is mediated by methods theoretical analysis publications, use ...