Banks and ESG pillars score: Does cybersecurity policy matter?
Year: 2024
Type: article
Abstract: This paper investigates the relationship between cybersecurity policy and the environmental, social, and governance (ESG) pillar scores in banks, considering the geographical area (European and non-European), the size (total assets), and the profitability (pre-tax return on assets) from 2017 to 2022 by incorporating and building on previous studies. The results show that the data are both significant and non-significant in terms of using a one-way ANOVA approach. Specifically, a significant relationship was found between cyber policy and the governance (GOV) and social (SOC) component indicators, except for major banks. The cyber policy may be responsible for an increase in the environmental (ENV) pillar scores in the European subsample.
Source: Corporate Ownership and Control
Institution: University of Pisa
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401883252