Do Banks Value the Eco-Friendliness of Firms’ in their Corporate Lending Decision? Some Empirical Evidences

When?

Wednesday 30 May 2012, 13:10

Where?

14MS01, Surrey Business School

Open to:

Public, Staff, Students

Speaker:

Dr Monomita Nandy, University of Surrey

Biography

From the University of Calcutta in India, I completed my undergraduate and postgraduate degree in Accounting and Finance. Besides that, I successfully completed the Bachelor in Education. I was awarded PhD in Business Finance from Calcutta University, India. Later I joined University of Rome TorVergata, Italy to pursue my second PhD in Money and Finance.
I joined the University of Surrey in September 2011 as a Lecturer in Accounting and Corporate Governance. Before joining Surrey I taught in India at undergraduate and postgraduate level. For the year 2010, I have been at RPI, New York as a research scholar. I supervised postgraduate student dissertation while I was at Radboud University, Netherlands as visiting scholar.  

Abstract

The purpose of the paper is to use the empirical evidences to explore the link between firms’ environment consciousness and the lending decision of banks.
We considered all US firms in the KLD database for the year 1991 to 2006.  We establish that more eco-friendly firm defined as a firm with higher environment score in the study is getting a favourable loan contract than the others.