GIM study finds that stronger ESG disclosures help banks improve their financial transparency and reporting quality. Check details here
Goa Institute of Management Study
GIM Updates: A study conducted by researchers from Goa Institute of Management has revealed that banks with strong Environmental, Social and Governance (ESG) disclosures are less likely to engage in earnings manipulation. This insight suggests that contrary to prior belief that sustainability reporting is a public relations practice, it can serve as a governance mechanism.
By analysing data from 376 listed banks across 19 countries over period 2009-2022, Dr. Mayank Gupta, Assistant Professor, GIM, finds that in banking sector, ESG reporting is associated with higher-quality earnings and more reliable financial reporting.
Using Bloomberg ESG disclosure scores, he also found a negative relationship between ESG reporting and earnings management, indicating that banks providing comprehensive ESG disclosures tend to report earnings more transparently. The study found that this relationship is driven by environmental and governance disclosures.
This study also challenges assumptions about role of ESG reporting across different institutional settings. The results have shown that the chances of having a positive relation between ESG disclosures and earnings quality are weak in developed countries and economies where strong investor frameworks are in place.
Commonly asked questions
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The research also explored how major global developments, such as the Paris Agreement and the COVID-19 pandemic, influenced banks’ ESG reporting behaviour. The study concludes that sustainability reporting can play a critical role in improving the integrity of financial reporting in banks, reinforcing the value of ESG disclosures as a governance tool in the global banking industry.
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Sanjana Surbhi is education focused content specialist with over five years of experience in education sector. She covers engineering and government exams. She holds Bachelor’s degree in Mass Communication from Patn
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