Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
991185 | World Development | 2007 | 22 Pages |
Abstract
SummaryWe analyze the performance of banks that adopted the Equator Principles. The Equator Principles are designed to assure sustainable development in project finance. The social, ethical, and environmental policies of the adopters differ significantly from those of banks that did not adopt the Equator Principles. They are also significantly larger. Most other bank characteristics do not show significant differences. Shareholders did not react negatively to the announcement of the adoption of the Equator Principles. We conclude that adoption of the Equator Principles is used to signal responsible conduct.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bert Scholtens, Lammertjan Dam,