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Photo du rédacteurHélène Dufour

Climate Risk, ESG Performance, and ESG Sentiment for U.S. Commercial Banks

"Climate risk is positively associated with the environmental, social, and governance (ESG) performance of banks and negatively associated with the stakeholder ESG sentiment towards them. Negative sentiment due to such exposure is associated with worse financial performance and lower stock returns, but stronger ESG performance mitigates these adverse effects."


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