Examinando por Autor "Duque Villegas, Juan Carlos"

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    Relación entre la sostenibilidad y la liquidez bancaria : un análisis de las empresas del Euro Stoxx Banks index
    (Universidad EAFIT, 2024) Valencia Uribe, Ana María; Duque Villegas, Juan Carlos; Yepes Raigosa, David Alejandro
    Liquidity management is crucial for banking stability, especially in the context of recurring crises. This research analyzes the relationship between ESG (environmental, social, and governance) criteria and liquidity indicators in European banks from the EURO STOXX Banks Index between 2003 and 2022. Using econometric models such as Ordinary Least Squares (OLS) and Generalized Least Squares (GLS), liquidity ratios like the Capital Adequacy Ratio (CAR), the Liquidity Coverage Ratio (LCR), and the Loan-to-Asset Ratio (LAR) were examined. The results reveal a positive relationship between ESG scores and bank liquidity, particularly in institutions with higher environmental and social sustainability ratings. However, the governance dimension showed a less significant impact. Additionally, significant differences were observed in liquidity levels between institutions with high and low ESG scores. Banks with higher ESG scores tend to maintain better capital ratios and a greater liquidity coverage capacity, suggesting that sustainable practices may be associated with more prudent and stable financial management.