JAMET, Benoit; BOUSQUET, Julien; MASSE, Antoine

Institut de Recherche en Gestion des Organisations [IRGO]

BOUSQUET, Julien

MASSE, Antoine

Langue

Article de revue

Ce document a été publié dans

Bankers, Markets and Investors. 2023-03, vol. 2023/1-2, n° 172-173, p. 41-59

Résumé en anglais

In recent years, an increasing number of major international banks have begun to announce their exit from the coal sector, in response to the trend initiated by public actors such as governments and related public sector financial institutions. This article examines the determinants of coal exit strategies of international banks. Using a sample of 111 banks from 31 countries and a PLS-PM methodology, the results show that: 1) the announced strategies are particularly partial in nature and the financing allocated to coal firms is still high, 2) external variables (i.e., national and institutional contexts) significantly influence exit scores, notably coal dependence, progress in the energy transition and the environmental performance of the home countries, 3) with the exception of size, internal variables (e.g., exposure to the sector, risk and profitability) have no impact on coal exit scores. Banks therefore adopt a defensive strategy: the managerial decision echoes national energy and environmental policies, which underlines the crucial political and regulatory role of governments in influencing bank strategies.< Réduire

Mots clés en anglais

Banking industry

Coal financing

Coal exit strategy

Institutional and national contexts

Energy policy

URI

https://oskar-bordeaux.fr/handle/20.500.12278/200143

Unités de recherche

IRGO (Institut de Recherche en Gestion des Organisations) - EA 4190

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Determinants of coal exit strategy in the banking industry

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Résumé en anglais

Mots clés en anglais

URI

Unités de recherche