Overview
- Focuses on inclusive finance and responsible banking/ESG priorities in post-pandemic finance
- Analyzes how the pandemic sheds new light on banking's social and governance responsibilities
- Points whether post-2008 crisis bank restructuring has been adequate to create resilient and sustainable banking system
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
This book discusses the transformation of the banking industry, particularly after a number of recent shocks: 2008 financial crisis, 2012 Euro-sovereign crisis, the pandemic COVID-19 crisis, the technological revolution, and reputational problems in banking due to climate risk and ESG (Environmental, Social and Governance) metrics.
The book emphasizes two post-pandemic issues: the role of financial education and inclusive finance, and responsible banking and ESG priorities. Individual chapters analyse how the pandemic shed new light on social and governance responsibilities: Major issues include the importance and efficiency of financial education, and the impact of ESG programs on firms’ value, banks’ probability of default, bank business models and reputation risk. The book also addresses investors’ behaviour and the factors which may bias financial disclosure and reporting. By addressing whether the post-2008 crisis bank restructuring has effectively created a resilient and sustainable banking system – mostly from the European market’s perspective – the book will be of interest to researchers, academics, policy makers, and professionals of banking and financial institutions.Similar content being viewed by others
Keywords
Table of contents (9 chapters)
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Front Matter
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Back Matter
Editors and Affiliations
About the editors
Paul Wachtel is Professor Emeritus of Economics at the Stern School of Business, New York University. His research has been published in numerous journals, focusing on monetary policy, central banking and financial sector development. He was the co-editor of Comparative Economic Studies and is an Associate Editor of the Journal of Banking and Finance.
Giovanni Ferri is Professor of Economics at the Department of Law, Economics, Political Sciences and Modern Languages at LUMSA University. He also co-founded and chairs the master in management of SDGs and the Center for Relationship Banking & Economics, which fosters research for a better understanding of relational goods to promote society’s wellbeing.
Ewa Miklaszewska is Professor of Economics at Cracow University of Economics, Poland, where she chairs the Department of Banking and Global Financial System, alongside being a guest lecturer at the Institute of Economics, Finance and Management of the Jagiellonian University. She is also a committee member of the European Association of University Teachers in Banking and Finance (The Wolpertinger Club).
Bibliographic Information
Book Title: Creating Value and Improving Financial Performance
Book Subtitle: Inclusive Finance and the ESG Premium
Editors: Paul Wachtel, Giovanni Ferri, Ewa Miklaszewska
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-031-24876-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-24875-7Published: 22 March 2023
Softcover ISBN: 978-3-031-24878-8Published: 23 March 2024
eBook ISBN: 978-3-031-24876-4Published: 21 March 2023
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXXI, 268
Number of Illustrations: 1 b/w illustrations, 46 illustrations in colour
Topics: Financial Services, Sustainable Development, Development Economics