---
_id: '65686'
abstract:
- lang: eng
  text: 'This paper empirically examines the relationship between market power and
    Environmental, Social, and Governance (ESG) scores of banks in Europe and North
    America from 2010 to 2021, focusing separately on loan and deposit markets. Employing
    the Lerner Index as a non-structural measure of market power, our findings suggest
    that the impact of banking market power on ESG scores varies by region and the
    respective loan or deposit market. We find a negative effect of loan and deposit
    market power on ESG scores of European banks whereas the opposite effect can be
    observed for North American banks exhibiting loan market power. Further sensitivity
    analyses reveal that factors such as banks being Global Systemically Important
    (G-SIBs), and different ESG-related events like the Paris Agreement, the reemergence
    of the #MeToo movement and the COVID-19 pandemic may also explain the relationship
    between bank market power and ESG scores. Overall, our results underline that
    banking market power plays a pivotal role in enforcing ESG commitments in banking,
    offering key insights for policymakers, regulators, and banking stakeholders.'
author:
- first_name: Simone
  full_name: Voigt, Simone
  id: '50109'
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Voigt S, Uhde A. <i>The Impact of Market Power on Banks’ ESG Scores - Evidence
    from Europe and North America</i>.
  apa: Voigt, S., &#38; Uhde, A. (n.d.). <i>The impact of market power on banks’ ESG
    scores - evidence from Europe and North America</i>.
  bibtex: '@book{Voigt_Uhde, title={The impact of market power on banks’ ESG scores
    - evidence from Europe and North America}, author={Voigt, Simone and Uhde, André}
    }'
  chicago: Voigt, Simone, and André Uhde. <i>The Impact of Market Power on Banks’
    ESG Scores - Evidence from Europe and North America</i>, n.d.
  ieee: S. Voigt and A. Uhde, <i>The impact of market power on banks’ ESG scores -
    evidence from Europe and North America</i>. .
  mla: Voigt, Simone, and André Uhde. <i>The Impact of Market Power on Banks’ ESG
    Scores - Evidence from Europe and North America</i>.
  short: S. Voigt, A. Uhde, The Impact of Market Power on Banks’ ESG Scores - Evidence
    from Europe and North America, n.d.
date_created: 2026-05-26T11:29:08Z
date_updated: 2026-07-14T07:50:16Z
ddc:
- '040'
department:
- _id: '19'
file:
- access_level: closed
  content_type: application/pdf
  creator: simonevo
  date_created: 2026-07-14T07:50:01Z
  date_updated: 2026-07-14T07:50:01Z
  file_id: '66475'
  file_name: Voigt und Uhde (2026)_corr.pdf
  file_size: 849260
  relation: main_file
  success: 1
file_date_updated: 2026-07-14T07:50:01Z
has_accepted_license: '1'
jel:
- G21
- G28
keyword:
- Market Power
- ESG scores
- European and North American banking markets
language:
- iso: eng
page: '55'
publication_status: draft
status: public
title: The impact of market power on banks' ESG scores - evidence from Europe and
  North America
type: working_paper
user_id: '50109'
year: '2026'
...