The impact of competition on environmental and social performance in the MENA banking sector

The study analyzes the impact of competition on environmental and social performance. Based on data collected from 82 banks in the banking industry across nine emerging Middle Eastern and North African (MENA) countries from 2015 to 2021, the results indicate that heightened competitive pressure comp...

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Detalhes bibliográficos
Autores: Maside Sanfiz, José Manuel, Iglesias Casal, Ana, Mazahreh, Qusay Ayman Sulayman, López Penabad, Celia
Formato: artículo
Fecha de publicación:2024
País:España
Recursos:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:minerva.usc.gal:10347/37986
Acesso em linha:https://hdl.handle.net/10347/37986
Access Level:acceso abierto
Palavra-chave:Competition
Corporate governance
Corporate social performance
ESG
Islamic banks
Market power
MENA region
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spelling The impact of competition on environmental and social performance in the MENA banking sectorMaside Sanfiz, José ManuelIglesias Casal, AnaMazahreh, Qusay Ayman SulaymanLópez Penabad, CeliaCompetitionCorporate governanceCorporate social performanceESGIslamic banksMarket powerMENA regionThe study analyzes the impact of competition on environmental and social performance. Based on data collected from 82 banks in the banking industry across nine emerging Middle Eastern and North African (MENA) countries from 2015 to 2021, the results indicate that heightened competitive pressure compels banks to enhance their efforts in environmental and social initiatives. Additionally, a positive correlation is observed between greater Board gender diversity (BGD) and improved environmental and social performance. Finally, the results indicate that the negative impact of market power on environmental and social performance is less pronounced in banks with higher BGD, those operating in countries with a better institutional environment, and in state-owned banks. In contrast, the negative impact is more pronounced in Islamic banks. Our research findings provide insights into the current discourse on strategic decision-making in the context of sustainability, shedding light on the benefits associated with competition and gender diversity.WileyUniversidade de Santiago de Compostela. Departamento de Economía Financeira e ContabilidadeUniversidade de Santiago de Compostela. Departamento de Economía Cuantitativa20242024-07-0120242024-07-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10347/37986reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostelainstname:Universidad de Santiago de Compostela (USC)InglésengAgencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023 PID2021-127527OB-100 RETOS DEL ESTADO DE DERECHO ANTE LA INTELIGENCIA ARTIFICIAL: RESPUESTAS JURIDICAS A LOS DESAFIOS DE LA ECONOMIA DIGITAL PARA SU SOSTENIBILIDAD Y RESILIENCIAopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:minerva.usc.gal:10347/379862026-06-15T12:47:27Z
dc.title.none.fl_str_mv The impact of competition on environmental and social performance in the MENA banking sector
title The impact of competition on environmental and social performance in the MENA banking sector
spellingShingle The impact of competition on environmental and social performance in the MENA banking sector
Maside Sanfiz, José Manuel
Competition
Corporate governance
Corporate social performance
ESG
Islamic banks
Market power
MENA region
title_short The impact of competition on environmental and social performance in the MENA banking sector
title_full The impact of competition on environmental and social performance in the MENA banking sector
title_fullStr The impact of competition on environmental and social performance in the MENA banking sector
title_full_unstemmed The impact of competition on environmental and social performance in the MENA banking sector
title_sort The impact of competition on environmental and social performance in the MENA banking sector
dc.creator.none.fl_str_mv Maside Sanfiz, José Manuel
Iglesias Casal, Ana
Mazahreh, Qusay Ayman Sulayman
López Penabad, Celia
author Maside Sanfiz, José Manuel
author_facet Maside Sanfiz, José Manuel
Iglesias Casal, Ana
Mazahreh, Qusay Ayman Sulayman
López Penabad, Celia
author_role author
author2 Iglesias Casal, Ana
Mazahreh, Qusay Ayman Sulayman
López Penabad, Celia
author2_role author
author
author
dc.contributor.none.fl_str_mv Universidade de Santiago de Compostela. Departamento de Economía Financeira e Contabilidade
Universidade de Santiago de Compostela. Departamento de Economía Cuantitativa
dc.subject.none.fl_str_mv Competition
Corporate governance
Corporate social performance
ESG
Islamic banks
Market power
MENA region
topic Competition
Corporate governance
Corporate social performance
ESG
Islamic banks
Market power
MENA region
description The study analyzes the impact of competition on environmental and social performance. Based on data collected from 82 banks in the banking industry across nine emerging Middle Eastern and North African (MENA) countries from 2015 to 2021, the results indicate that heightened competitive pressure compels banks to enhance their efforts in environmental and social initiatives. Additionally, a positive correlation is observed between greater Board gender diversity (BGD) and improved environmental and social performance. Finally, the results indicate that the negative impact of market power on environmental and social performance is less pronounced in banks with higher BGD, those operating in countries with a better institutional environment, and in state-owned banks. In contrast, the negative impact is more pronounced in Islamic banks. Our research findings provide insights into the current discourse on strategic decision-making in the context of sustainability, shedding light on the benefits associated with competition and gender diversity.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024-07-01
2024
2024-07-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10347/37986
url https://hdl.handle.net/10347/37986
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023 PID2021-127527OB-100 RETOS DEL ESTADO DE DERECHO ANTE LA INTELIGENCIA ARTIFICIAL: RESPUESTAS JURIDICAS A LOS DESAFIOS DE LA ECONOMIA DIGITAL PARA SU SOSTENIBILIDAD Y RESILIENCIA
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
instname:Universidad de Santiago de Compostela (USC)
instname_str Universidad de Santiago de Compostela (USC)
reponame_str Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
collection Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.228081

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