Effect of ESG Trends on Share Prices in Banking Sector
ESG stands for Environment, Society, and Governance as three crucial criteria considered by socially conscious investors. Economic entities have to adapt to the current global trends in sustainable development thatminimize environmental damage. Banks introduce ESG trends to increase the investment a...
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| Format: | Article |
| Language: | English |
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Kemerovo State University
2025-06-01
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| Series: | Вестник Кемеровского государственного университета. Серия: политические, социологические и экономические науки |
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| Online Access: | http://doi.org/10.21603/2500-3372-2025-10-2-350-356 |
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| author | Novikova Polina Brazhnikova Valeriya Mishin Andrey |
| author_facet | Novikova Polina Brazhnikova Valeriya Mishin Andrey |
| author_sort | Novikova Polina |
| collection | DOAJ |
| description | ESG stands for Environment, Society, and Governance as three crucial criteria considered by socially conscious investors. Economic entities have to adapt to the current global trends in sustainable development thatminimize environmental damage. Banks introduce ESG trends to increase the investment attractiveness of their shares. Before making important decisions, investors take into account the ESG policy of the bank and its sustainable development strategy. The authors studied the effect of ESG policy on the share prices of Russian banks, depending on the fluctuations in the share price of the Moscow Stock Exchange. By reviewing the theory of ESG transformation in modern economy, they identified the correlations between the new ESG policy and the share prices for three largest Russian banks, i.e., SberBank, VTB Bank, and Gazprombank. The logical, structural, and correlation analyses made it possible to determine the expediency of introducing ESG trends in the domestic banking sector. The ESG trends introduced by the three banks appeared to exercise no effect on the domestic market value of their shares. The sustainable development policy demonstrated negligible impact on the value of securities of credit institutions on the Russian stock market. However, the ESG paradigm offerssome economic benefits to organizations and society. |
| format | Article |
| id | doaj-art-c7c8b8a0ffef4607b042c77ee2882763 |
| institution | Kabale University |
| issn | 2500-3372 2542-1190 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Kemerovo State University |
| record_format | Article |
| series | Вестник Кемеровского государственного университета. Серия: политические, социологические и экономические науки |
| spelling | doaj-art-c7c8b8a0ffef4607b042c77ee28827632025-08-20T03:30:49ZengKemerovo State UniversityВестник Кемеровского государственного университета. Серия: политические, социологические и экономические науки2500-33722542-11902025-06-0110235035610.21603/2500-3372-2025-10-2-350-356Effect of ESG Trends on Share Prices in Banking SectorNovikova Polina0Brazhnikova Valeriya1Mishin Andrey2Vladimir State University Named After Alexander and Nikolay StoletovVladimir State University Named After Alexander and Nikolay StoletovVladimir State University Named After Alexander and Nikolay StoletovESG stands for Environment, Society, and Governance as three crucial criteria considered by socially conscious investors. Economic entities have to adapt to the current global trends in sustainable development thatminimize environmental damage. Banks introduce ESG trends to increase the investment attractiveness of their shares. Before making important decisions, investors take into account the ESG policy of the bank and its sustainable development strategy. The authors studied the effect of ESG policy on the share prices of Russian banks, depending on the fluctuations in the share price of the Moscow Stock Exchange. By reviewing the theory of ESG transformation in modern economy, they identified the correlations between the new ESG policy and the share prices for three largest Russian banks, i.e., SberBank, VTB Bank, and Gazprombank. The logical, structural, and correlation analyses made it possible to determine the expediency of introducing ESG trends in the domestic banking sector. The ESG trends introduced by the three banks appeared to exercise no effect on the domestic market value of their shares. The sustainable development policy demonstrated negligible impact on the value of securities of credit institutions on the Russian stock market. However, the ESG paradigm offerssome economic benefits to organizations and society.http://doi.org/10.21603/2500-3372-2025-10-2-350-356ESG sustainable development social responsibility environmental responsibility managerial responsibility banking sector stocks |
| spellingShingle | Novikova Polina Brazhnikova Valeriya Mishin Andrey Effect of ESG Trends on Share Prices in Banking Sector Вестник Кемеровского государственного университета. Серия: политические, социологические и экономические науки ESG sustainable development social responsibility environmental responsibility managerial responsibility banking sector stocks |
| title | Effect of ESG Trends on Share Prices in Banking Sector |
| title_full | Effect of ESG Trends on Share Prices in Banking Sector |
| title_fullStr | Effect of ESG Trends on Share Prices in Banking Sector |
| title_full_unstemmed | Effect of ESG Trends on Share Prices in Banking Sector |
| title_short | Effect of ESG Trends on Share Prices in Banking Sector |
| title_sort | effect of esg trends on share prices in banking sector |
| topic | ESG sustainable development social responsibility environmental responsibility managerial responsibility banking sector stocks |
| url | http://doi.org/10.21603/2500-3372-2025-10-2-350-356 |
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