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Worthy of the name? How do bank ESG affect banks’ lending behavior during Covid-19 Pandemic?

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Worthy of the name? How do bank ESG affect banks’ lending behavior during Covid-19 Pandemic?

Liao, Yuhui (2022) Worthy of the name? How do bank ESG affect banks’ lending behavior during Covid-19 Pandemic? Masters thesis, Concordia University.

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Abstract

This paper examined how the bank ESG affects the banks’ lending behavior during the Covid-19 Pandemic. We use a sample of the syndicated loan data, we found that the banks with ESG level are more likely to lend to the borrowing companies that are more profitable and creditworthy. The low ESG banks have higher probability to lend if the purpose of the loan facility is for acquisition and if the borrowing bank is more familiar. Our results suggest that the banks with high ESG are more welcome to the companies running in worse conditions when making lending decisions, therefore their behavior match their name of being socially responsible.

Divisions:Concordia University > John Molson School of Business > Finance
Item Type:Thesis (Masters)
Authors:Liao, Yuhui
Institution:Concordia University
Degree Name:M. Sc.
Program:Finance
Date:1 June 2022
Thesis Supervisor(s):Shan, Yu
ID Code:990647
Deposited By: Yuhui Liao
Deposited On:27 Oct 2022 14:40
Last Modified:01 Jul 2024 00:00
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