Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?
研究了2011至2018年全球金融机构的环境绩效与存款者选择的关系，发现银行环境绩效越好，客户存款反而越少，且碳管理好的银行支付更低存款利率。
Abstract This paper investigates the relationship between the environmental policies taken by financial institutions and the choice of depositors on where to save their money. Prior research has shown that increases in the number of customers making deposits are driven by bank pricing policy and switching costs for depositors. By employing a dynamic panel data model, this study empirically tests how environmental performance influences the depositors' choice on where to put their money in a sample of worldwide financial institutions from 2011 to 2018. The main results suggest that there is a negative relationship between banks' environmental performance and customers' deposits. Furthermore, the banks that are the best at managing carbon emissions and at pursuing sustainable development pay lower interest rates on customer deposits.