Should banks invest into "green" companies? Empirical evidence from Europe

Timotej Jagric*, Stefan Otto Grbenic, Rasto Ovin, Dusan Fister

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Banks’ investments into companies, either via crediting or holding shares, can be risky. On the other hand, green companies employing green practices and green innovations that
struggle for environmental sustainability, are often referred to
as safe investments. Based on the European companies deploying
classical least squares regression methodology, we evaluate the effect of “level of green” to companies financial performance. The results indicate that green companies are supposed to be safer investments
than non-green ones.
Original languageEnglish
Pages (from-to)11-18
Number of pages8
JournalBančni Bestnik
Volume69
Issue number7-8
Publication statusPublished - 1 Nov 2020

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