TRUST, SOCIAL CAPITAL AND ESG PERFORMANCE: AN EMPIRICAL ANALYSIS ON EUROPEAN BANKS
Andrea Roncella & Carlo Bellavite Pellegrini
What the paper says
This study explores the determinants of corporate ESG performance, emphasizing the often- overlooked role of informal institutions, particularly social trust. While existing research has extensively analyzed internal corporate attributes and formal institutional factors shaping ESG outcomes, the direct impact of social trust remains underexplored. Focusing on European banks, this study posits that social capital significantly enhances ESG performance. By examining the interplay between formal and informal institutions, the research provides actionable insights for policymakers and highlights the importance of integrating social capital into corporate sustainability strategies.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.