This study investigates the influence of the knowledge endowment of directors onthe environmental, social, and governance (ESG) performance in the banking industry.Applying the generalized method of moments (GMM) two-step analysis, we analyzeda sample of 115 banks listed in Europe between 2014 and 2022. Building on theResource Based View and Resource Dependence Theory, we find empirical evidencethat board knowledge in terms of cultural, industrial, and financial background affectsESG performance in the banking industry, providing several contributions to theextant knowledge management and corporate governance literature. The research isintended to stimulate the development of practical knowledge management strate-gies inside companies to improve directors' decision-making toward corporate socialresponsibility-oriented initiatives.
Does board knowledge matter for ESG performance in theEuropean banking industry?
Massimiliano Cerciello;Simone Taddeo
2024-01-01
Abstract
This study investigates the influence of the knowledge endowment of directors onthe environmental, social, and governance (ESG) performance in the banking industry.Applying the generalized method of moments (GMM) two-step analysis, we analyzeda sample of 115 banks listed in Europe between 2014 and 2022. Building on theResource Based View and Resource Dependence Theory, we find empirical evidencethat board knowledge in terms of cultural, industrial, and financial background affectsESG performance in the banking industry, providing several contributions to theextant knowledge management and corporate governance literature. The research isintended to stimulate the development of practical knowledge management strate-gies inside companies to improve directors' decision-making toward corporate socialresponsibility-oriented initiatives.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
