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Palgrave Macmillan

Adapting to Change

ESG and Alternative Finance in Shaping the Bank-Firm Relationship

  • Book
  • © 2023

Overview

  • Employs an empirical analysis to examine the bank-firm relationship in alternative finance and ESG
  • Offers insights for banks to evaluate and mitigate ESG-related risks effectively
  • Provides policy implications for promoting responsible lending and supporting the growth of alternative finance

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About this book

This book examines the evolving dynamics between banks and firms within the context of alternative finance and Environmental, Social, and Governance (ESG) integration. The book contributes to understanding the bank-firm relationship in light of the changing financial landscape and its implications for sustainable development. The book employs an empirical analysis to examine the bank-firm relationship in the context of alternative finance and ESG performance to assess firms’ riskiness, access to funds and cost of capital.

The book addresses research gaps by comprehensively analysing the impact of alternative finance and ESG on the bank-firm relationship. It assists banks in adapting their financing practices and policies to align with emerging trends, and it offers insights for banks to evaluate and mitigate ESG-related risks effectively. It provides policy implications for promoting responsible lending, supporting the growth of alternative finance, and incentivising ESG integration in the financial sector. Ultimately, it contributes to formulating policies that foster a sustainable and inclusive financial system, and will be of interest to professionals and researchers in finance, alternative finance, and sustainable finance.

Keywords

Table of contents (6 chapters)

Reviews

'Bank firm-relationships have significantly changed over the last decades. In this interesting book, the authors analyse in depth two major forces that, interacting with each other, are shaping the way banks interact with firms. This timely and unique analysis sheds light on how the banking system can support the real economy in light of the recent technological advancements in the financial industry and of the increasing  and legitimate stakeholders’ pressures towards higher levels of sustainability.'

Salvatore Polizzi, Ph.D., Assistant Professor in Banking & Finance, University of Palermo, Italy

Authors and Affiliations

  • Department of Economic Sciences and Statistics, University of Udine, Udine, Italy

    Egidio Palmieri, Enrico Fioravante Geretto

About the authors

Egidio Palmieri is a Research Fellow in Bank Risk Management at the University of Udine where his current focus is on the relationship between small and medium-sized enterprises (SMEs) and banks. He specializes in credit mechanisms and risk mitigation effects. Additionally, he has explored the impact of ESG performance on the credit scores of non-financial institutions. He is also a Visiting Researcher in ESG and Bank Risk Management at Bangor University, UK.

Enrico Fioravante Geretto is an Associate Professor at the University of Udine, Department of Economic Science and Statistics. In the past, he was a lecturer of banking operations techniques, insurance operations techniques, financial instruments techniques, asset management economics, intermediaries and financial markets.

Bibliographic Information

  • Book Title: Adapting to Change

  • Book Subtitle: ESG and Alternative Finance in Shaping the Bank-Firm Relationship

  • Authors: Egidio Palmieri, Enrico Fioravante Geretto

  • Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions

  • DOI: https://doi.org/10.1007/978-3-031-50265-1

  • 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: 978-3-031-50264-4Published: 12 January 2024

  • Softcover ISBN: 978-3-031-50267-5Published: 30 January 2025

  • eBook ISBN: 978-3-031-50265-1Published: 11 January 2024

  • Series ISSN: 2523-336X

  • Series E-ISSN: 2523-3378

  • Edition Number: 1

  • Number of Pages: XIV, 200

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Financial Services, Risk Management, Environmental Economics

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