Corporate Social Responsibility and Bank Credit Ratings

Laura Baselga Pascual, Nebojsa Dimic, Emilia Vähämaa

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review


This paper examines the association between bank credit ratings and corporate social responsibility (CSR). The sample includes large publicly listed banks in the United States during fiscal years 2000–2016. Our findings indicate that CSR policies positively affect banks’ credit ratings. We further test each dimension of the MSCI KLD database’s ESG ratings and find that the CSR components measuring diversity and employee relations are particularly relevant in the credit rating context.
Original languageEnglish
Title of host publicationGreen Finance Instruments, FinTech, and Investment Strategies : Sustainable Portfolio Management in the Post-COVID Era
EditorsNader Naifar, Ahmed Elsayed
Place of PublicationCham
Publication date2023
ISBN (Print)978-3-031-29030-5
ISBN (Electronic)978-3-031-29031-2
Publication statusPublished - 2023
MoE publication typeA3 Book chapter

Publication series

NameSustainable Finance
ISSN (Print)2522-8285
ISSN (Electronic)2522-8293


  • 512 Business and Management
  • banks
  • credit ratings
  • CSR

Areas of Strength and Areas of High Potential (AoS and AoHP)

  • AoS: Financial management, accounting, and governance


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