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Journals / Sosyoekonomi / 2026 / Cilt: 34 Sayı: 69

Impact of ESG Performance on Cost Efficiency: Evidence from the US Banking Sector

ESG Performansının Maliyet Etkinliği Üzerindeki Etkisi: ABD Bankacılık Sektöründen Kanıtlar

Ramazan Ekinci(İzmir Bakırçay Üniversitesi)0000-0001-7420-9841
Pages
11–48
Publication Date
2026-07-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This paper contributes to the literature by providing recent evidence on the U.S. banking system, addressing endogeneity, and offering practical insights for bank managers and policymakers seeking to improve efficiency through ESG integration.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper examines the impact of Environmental, Social, and Governance (ESG) performance on the cost efficiency of U.S. banks from 2016 to 2023 using a one-step stochastic frontier analysis (SFA).
📊
Key Findings & Data:The results reveal that ESG performance enhances cost efficiency, with environmental and governance components having significant positive effects, while the social component shows mixed results.
💡
Conclusion & Impact:This paper contributes to the literature by providing recent evidence on the U.S. banking system, addressing endogeneity, and offering practical insights for bank managers and policymakers seeking to improve efficiency through ESG integration.
🔬Design:Modeling & Simulation
📍Scope:2016 Verileri
⚙️Variables:Maliyet Etkinliği · ESG · Stokastik Sınır Analizi (SFA)

Abstract

This paper examines the impact of Environmental, Social, and Governance (ESG) performance on the cost efficiency of U.S. banks from 2016 to 2023 using a one-step stochastic frontier analysis (SFA). The results reveal that ESG performance enhances cost efficiency, with environmental and governance components having significant positive effects, while the social component shows mixed results. An endogenous SFA model further confirms that all ESG dimensions positively affect efficiency, even after accounting for endogeneity. This paper contributes to the literature by providing recent evidence on the U.S. banking system, addressing endogeneity, and offering practical insights for bank managers and policymakers seeking to improve efficiency through ESG integration.

Özet

Bu çalışma, 2016-2023 dönemi için ABD bankalarında Çevresel, Sosyal ve Yönetişim (ESG) performansının maliyet etkinliği üzerindeki etkisini tek aşamalı stokastik sınır analizi (SFA) yöntemiyle incelemektedir. Bulgular, ESG performansının maliyet etkinliğini artırdığını; çevresel ve yönetişim bileşenlerinin anlamlı ve pozitif etkiler yarattığını; sosyal bileşenin ise karışık sonuçlar sunduğunu ortaya koymaktadır. Ayrıca, içsellik sorununu dikkate alan endojen SFA modeli, tüm ESG bileşenlerinin etkinlik üzerinde pozitif etkisini doğrulamaktadır. Çalışma, ABD bankacılık sistemine yönelik güncel kanıtlar sunarak ve içsellik sorununu ele alarak literatüre katkı sağlamakta; ayrıca, banka yöneticileri ile politika yapıcılara, ESG entegrasyonunun maliyet etkinliğini artırmadaki rolüne ilişkin pratik öneriler sunmaktadır.

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Cite This Article

Ekinci, R. (2026). Impact of ESG Performance on Cost Efficiency: Evidence from the US Banking Sector. Sosyoekonomi, Cilt: 34 Sayı: 69, 11–48. https://doi.org/10.17233/sosyoekonomi.2026.03.01

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