Do formal and informal institutions shape the influence of sustainable banking on financial development?

This paper explores the moderating role of formal and informal institutions on the sustainable banking and financial development link. We compute an aggregated measure of sustainability in the banking sector for a sample of 46 countries for the period 2010-2018. Our results indicate that sustainable...

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Detalhes bibliográficos
Autores: Úbeda Mellina, Fernando, Forcadell, Francisco Javier, Suárez Suárez, Nuria
Formato: artículo
Fecha de publicación:2021
País:España
Recursos:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/700718
Acesso em linha:http://hdl.handle.net/10486/700718
https://dx.doi.org/10.1016/j.frl.2021.102391
Access Level:acceso abierto
Palavra-chave:Culture
Financial development
Formal and informal institutions
Reputation
Sustainable banking
Trust
Economía
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spelling Do formal and informal institutions shape the influence of sustainable banking on financial development?Úbeda Mellina, FernandoForcadell, Francisco JavierSuárez Suárez, NuriaCultureFinancial developmentFormal and informal institutionsReputationSustainable bankingTrustEconomíaThis paper explores the moderating role of formal and informal institutions on the sustainable banking and financial development link. We compute an aggregated measure of sustainability in the banking sector for a sample of 46 countries for the period 2010-2018. Our results indicate that sustainable banking positively influences financial development only in countries with strong formal institutions. Nevertheless, informal institutions can generate the necessary trust in the banking sector, allowing the positive effect of sustainable banking on financial development in countries with weak formal institutions. The results are robust after controlling the potential endogeneity issuesThe authors acknowledge financial support from the Spanish Ministry of Economy and Competitiveness, Project RTI2018-097447-B-I00 and PID2020-118064GB-I00, and from the Professorship Excellence Program in accordance with the multi-year agreement signed by the Government of Madrid and the Autonoma University of Madrid (Line #3)ElsevierDepartamento de Financiación e Investigación ComercialFacultad de Ciencias Económicas y Empresariales20212021-08-18research articlehttp://purl.org/coar/resource_type/c_2df8fbb1VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10486/700718https://dx.doi.org/10.1016/j.frl.2021.102391reponame:Biblos-e Archivo. Repositorio Institucional de la UAMinstname:Universidad Autónoma de MadridInglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:repositorio.uam.es:10486/7007182026-06-23T12:46:27Z
dc.title.none.fl_str_mv Do formal and informal institutions shape the influence of sustainable banking on financial development?
title Do formal and informal institutions shape the influence of sustainable banking on financial development?
spellingShingle Do formal and informal institutions shape the influence of sustainable banking on financial development?
Úbeda Mellina, Fernando
Culture
Financial development
Formal and informal institutions
Reputation
Sustainable banking
Trust
Economía
title_short Do formal and informal institutions shape the influence of sustainable banking on financial development?
title_full Do formal and informal institutions shape the influence of sustainable banking on financial development?
title_fullStr Do formal and informal institutions shape the influence of sustainable banking on financial development?
title_full_unstemmed Do formal and informal institutions shape the influence of sustainable banking on financial development?
title_sort Do formal and informal institutions shape the influence of sustainable banking on financial development?
dc.creator.none.fl_str_mv Úbeda Mellina, Fernando
Forcadell, Francisco Javier
Suárez Suárez, Nuria
author Úbeda Mellina, Fernando
author_facet Úbeda Mellina, Fernando
Forcadell, Francisco Javier
Suárez Suárez, Nuria
author_role author
author2 Forcadell, Francisco Javier
Suárez Suárez, Nuria
author2_role author
author
dc.contributor.none.fl_str_mv Departamento de Financiación e Investigación Comercial
Facultad de Ciencias Económicas y Empresariales
dc.subject.none.fl_str_mv Culture
Financial development
Formal and informal institutions
Reputation
Sustainable banking
Trust
Economía
topic Culture
Financial development
Formal and informal institutions
Reputation
Sustainable banking
Trust
Economía
description This paper explores the moderating role of formal and informal institutions on the sustainable banking and financial development link. We compute an aggregated measure of sustainability in the banking sector for a sample of 46 countries for the period 2010-2018. Our results indicate that sustainable banking positively influences financial development only in countries with strong formal institutions. Nevertheless, informal institutions can generate the necessary trust in the banking sector, allowing the positive effect of sustainable banking on financial development in countries with weak formal institutions. The results are robust after controlling the potential endogeneity issues
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-08-18
dc.type.none.fl_str_mv research article
http://purl.org/coar/resource_type/c_2df8fbb1
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 http://hdl.handle.net/10486/700718
https://dx.doi.org/10.1016/j.frl.2021.102391
url http://hdl.handle.net/10486/700718
https://dx.doi.org/10.1016/j.frl.2021.102391
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
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
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Biblos-e Archivo. Repositorio Institucional de la UAM
instname:Universidad Autónoma de Madrid
instname_str Universidad Autónoma de Madrid
reponame_str Biblos-e Archivo. Repositorio Institucional de la UAM
collection Biblos-e Archivo. Repositorio Institucional de la UAM
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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