Main Model

ALL-Banks

Banks

127

Years

18

Observations

2286

Compensation impact on sustainability

COMP-ESG

0.202

COMP-EPS

0.202

COMP-SPS

0.234

COMP-GPS

0.104

Sustainability impact on performance

ESG-ROA

0.111

EPS-ROA

−0.197

SPS-ROA

−0.204

GPS-ROA

0.102

ESG-ROE

0.131

EPS-ROE

−0.052

SPS-ROE

−0.097

GPS-ROE

−0.190

ESG-TQ

0.201

EPS-TQ

0.024

SPS-TQ

0.211

GPS-TQ

0.190

Compensation impact on performance

COMP-ROA

0.180

COMP-ROE

0.202

COMP-TQ

0.147