Corrigendum to “Do ESG factors enhance bank profitability? Global panel evidence”

Link to a corrigendum to "Do ESG factors enhance bank profitability? Global panel evidence" http://dx.doi.org/10.21511/bbs.20(4).2025.03Type of the article: Research ArticleAbstractThe growing focus of the IMF, World Bank, OECD, and European Commission on aligning finance with the Sustainable Development Goals (SDGs) raises the question of whether sustainability enhances banking sector profitability. This study aims to assess the impact of SDG performance on bank profitability, measured by return on assets (ROA), return on equity (ROE), and interest margin to gross income, controlling for GDP growth and inflation. The analysis uses an unbalanced panel of 143 countries over 2000–2024 (more than 2,100 country-year observations), applying fixed effects, random effects, and multilevel models with robust covariance estimators. The results show that the SDG Index Score has a weak and inconsistent effect on profitability. It is weakly positive for ROA (β = 0.125, p = 0.085) and marginally positive for interest margins (β = 0.151, p = 0.019), but becomes insignificant under robust specifications. For ROE, the SDG Index turns significantly negative in the random effects model (β = –0.119, p = 0.001), suggesting that higher SDG performance may be associated with lower equity returns. In contrast, the macroeconomic controls are robust across all models: GDP growth increases ROA (β = 0.107, p < 0.001) and ROE (β = 0.108, p < 0.001) but reduces interest margins (β = –0.061, p < 0.001), while inflation consistently raises profitability across all indicators. Regional patterns further indicate lower profitability in OECD and Western Europe and higher interest margins in East and South Asia, Latin America, and MENA.

Chaos as opportunity

Macro-level indicators of household and ambient air pollution mortality risk: Global evidence.

PurposeThe study aims to explore a retrospective overview of the Journal of Public Budgeting, Accounting and Financial Management, a prestigious international journal in the discipline. It also analyses the bibliometric information of its publications between 2011 and 2021 in terms of authors, countries, documents, themes, topics and sources.Design/methodology/approachThe performance analysis and science mapping were conducted using the data from Scopus between 2011 and 2021. The bibliometric information of 301 publications was visualised through the analysis types, such as co-authorship, co-citation and bibliographic coupling, through the VOSviewer software programme.FindingsThe main finding is that the journal has recently improved in several areas (e.g. its productivity and visibility, citations, index scores and international collaborations). Although financial aspects such as accounting and accountability, financial management and public budgeting maintained their importance during the analysing period, some other features were revealed as new research themes. However, there are some research gaps regarding sustainable development goals, climate change and other matters, and the solutions for them through public fiscal policies.Research limitations/implicationsThe analyses are primarily backwards oriented by their very nature. Although they were excellent at portraying the past, the findings provided limited information about subjects that would be hot topics in future. The study has some limitations. The information on publications was collected from the Scopus database. However, bibliometric analyses were conducted from 2011 to 2021 as its data on Scopus did not cover before 2011. Second, the data are dynamic over time and may contain various changes in the future. Therefore, the bibliometric analysis may be repeated by including new studies of JPBAFM in the following years.Social implicationsA performance analysing that the editorial team could benefit from in order to monitor the productivity of JPBAFM, one of the popular and favoured journals in the discipline, was conducted in this paper. The editorial team may also find ideas for the intellectual development of the journal as a result of mapping the performance of the publications.Originality/valueThe bibliographic analysis of the Journal of Public Budgeting, Accounting and Financial Management has yet to be conducted. The study presents comprehensive findings on the performance and bibliometric analysis of the journal to guide authors and readers.

Starting with this, the first issue in 2007, the Zeitschrift fur Psychologie is appearing in a new format and style. There are two main changes. First, the Journal is now being published in English – and accordingly, the original title has been extended to include the English form of the title. It will from now on be called Zeitschrift fur Psychologie / Journal of Psychology. Second, in the future each issue will be devoted to a particular topic. The need for these changes in the Zeitschrift fur Psychologie results from the changed journal landscape in the field of psychology. There are of course many reasons for the changes. For one, there are few German-speaking researchers who do not wish to publish in English, as English-language papers are necessary for research to be accepted and read by the international psychological community. And for another, through the change in language to one that is more widely understood, and also through the inclusion of the online version of the Zeitschrift fur Psychologie / Journal of Psychology in the PsycARTICLESTM database and Hogrefe’s own PsyCONTENT system, readers worldwide can be reached even more easily. PsycARTICLESTM is a database of full-text articles from more than 50 journals published by the American Psychological Association, the APA Educational Publishing Foundation, and the Canadian Psychological Association, as well as the Hogrefe & Huber group’s English-language journals. PsyCONTENT is the Hogrefe and Huber group’s own online journal system, including some 28 psychology journals. As has happened with other German-language journals that have changed to the English language and been integrated into both the PsycARTICLESTM and PsyCONTENT systems, the readership and impact of the Zeitschrift fur Psychologie / Journal of Psychology, we hope, will increase substantially. The Zeitschrift fur Psychologie, originally called Zeitschrift fur Psychologie und Physiologie der Sinnesorgane, was established in 1890. In other words, it is the second oldest psychology Journal in the world (Gundlach, 1991). Hermann Ebbinghaus was one of the founding editors, with Hermann von Helmholtz, Georg Elias Muller, and Carl Stumpf, among others, serving as co-editors. Karl Buhler, Wolfgang Kohler, Otto Selz, and Max Wertheimer are just some of the psychologists whose pioneering work was originally published in the early days of the Journal. It was because of this long and proud tradition of the Zeitschrift fur Psychologie that we were reluctant to abandon the original title, and so led us to the slightly unusual step of simply adding what librarians call the parallel title: Journal of Psychology. During its long history, the Zeitschrift fur Psychologie / Journal of Psychology has always been an outlet for all disciplines within the field of psychology, and not only for a particular specialization or branch of psychology. This tradition will be maintained – although, as indicated earlier in this editorial, only thematic or topical issues will be published in the future. This will ensure that the individual contributions are more homogeneous and, we hope, will increase the attractiveness of the Journal for readers. When the Journal was founded, German was the lingua franca of science. In many disciplines, scientists from around the world published their findings in journals such as Annalen der Chemie (with Justus von Liebig as cofounder), Annalen der Physik (in which, for instance, Max Planck first published a paper on quantum physics), Zeitschrift fur Physik (with Albert Einstein in the founding committee) and, well, Zeitschrift fur Psychologie, in which, for example, Raymond Dodge, David Katz, Kurt Lewin, Hugo Munsterberg, and Charles Spearman published some of their influential work. As was the case then, the Zeitschrift fur Psychologie / Journal of Psychology will continue to publish research from all branches of empirical psychology that is clearly of international interest and relevance. Guest editors – in many, but not all cases drawn from the Journal’s editorial team – will deal with each specific subject or topic. The typical issue of the journal will commence with an introductory overview article on the topic

Community-Driven Development (CDD) is a participatory model that transfers authority and resources directly to communities, enabling them to identify priorities, design interventions, and oversee implementation. This article analyzes CDD’s conceptual foundations, operational processes, and global evidence from Indonesia, Afghanistan, and beyond. It examines how principles of empowerment, participation, transparency, sustainability, and inclusivity translate into practical outcomes—ranging from improved infrastructure and governance reform to strengthened social cohesion and local resilience. The discussion outlines each stage of the CDD cycle, from mobilization and planning to monitoring and institutional integration, while highlighting capacity-building and inclusivity strategies for marginalized groups. By synthesizing lessons from global practice, the article argues that CDD represents both a governance innovation and a pragmatic pathway toward sustainable development. It concludes that empowering communities through structured participation enhances accountability, builds resilience, and anchors development in local ownership.

Global banking systems, financial stability, and uncertainty: How have countries coped with geopolitical risks?

<i>Aquaculture, Fish and Fisheries</i>: A new home for the Blue Revolution

The role of national culture in renewable energy consumption: Global evidence

Participatory development has emerged as one of the most significant approaches to advancing sustainable and inclusive change across diverse contexts. This article explores its theoretical foundations and practical applications, emphasizing the centrality of community participation in shaping priorities, implementing solutions, and sustaining outcomes. Drawing from global evidence—such as participatory budgeting in Brazil, community forestry in Nepal, and health programs in Kenya—it demonstrates how locally owned processes enhance accountability, social cohesion, and resilience. The paper also situates methodological traditions such as Participatory Rural Appraisal (PRA), Community-Based Participatory Research (CBPR), and Participatory Action Research (PAR) within global development frameworks, linking theory, practice, and policy. Ultimately, it presents participatory development as both an ethical imperative and a proven strategy for achieving the Sustainable Development Goals through empowerment and collective agency.

Several existing studies show that macroeconomic uncertainties intensify global environmental and climate challenges, putting the globe at risk of not being able to achieve the United Nations’ Sustainable Development Goals by 2030. In this study, we provide global evidence on the role of energy-related uncertainty in the energy – environment dilemma between 1996 and 2021. We employ three distinct environmental indicators – load capacity factor (LCF), carbon dioxide emissions (CO2), and ecological footprint (EFP) – alongside a comprehensive global energy-related uncertainty index and time-frequency-quantile methods based on the Wavelet Quantile Correlation, Cross-Quantilogram, and Wavelet Local Multiple Correlation with Dominance. The empirical results suggest negative and strong nonlinear dependencies between energy-related uncertainty and the LCF across periods and quantiles. The results further suggest that the energy-related uncertainty has positive and strong nonlinear dependences not only with CO2 emissions but also EFP across various periods and quantiles. The results further suggest that the dependences between energy-related uncertainty and environmental indicators vary across periods and quantiles, with evidence of stronger dependency structures in the long run. These findings underscore the substantial influence of energy-related uncertainties on contemporary environmental challenges. We suggest that governments and policymakers need to reshape policy directives toward mitigating the environmental effects of energy-related uncertainties.

A qualitative and quantitative synthesis of the impacts of COVID-19 on soundscapes: A systematic review and meta-analysis

This paper examines the interlinkage between energy access and other Sustainable Development Goals (SDGs) in the global context. For this purpose, we have calculated the indices for all 17 SDGs and use correlation and path analysis under structural equation modelling framework. Empirical results confirm that SDG 7 has positive and significant correlation with goal 4 and goal 12 indicating that ensuring access to modern energy resources enables women and girls to spend more time on education and gainful employment than gathering fuel. Further, energy access fosters sustainable production and consumption pattern and also promotes food security and promoting sustainable agriculture.

Purpose This study aims to explore the relationship between board busyness and corporate biodiversity performance, examining variations across high- and low-income countries, as well as firm size. Design/methodology/approach Using a data set drawn from the Eikon database, two-stage least squares estimation was applied in the analysis using data from 52 countries between 2010 and 2023. Findings The results reveal a positive and statistically significant relationship between busier boards and enhanced biodiversity outcomes, with notable variations between high- and low-income countries. In high-income countries, busy directors leverage their networks, expertise and governance structures to drive biodiversity initiatives effectively. Due to limited resources and governance frameworks, this relationship is weaker in low-income countries. Furthermore, firm size plays a significant moderating role, as larger firms benefit more from busier directors regarding biodiversity performance than smaller firms. Other corporate governance factors such as board gender, skill diversity and board size also significantly enhance biodiversity practices. Research limitations/implications Based on the resource-based view and institutional theories, this study contributes to the corporate governance and sustainability literature by demonstrating how board busyness influences biodiversity performance through knowledge spillovers and institutional adaptation, showing that busy directors bring valuable external knowledge that enhances biodiversity performance. It also expands the corporate governance literature by emphasizing the importance of board characteristics for environmental performance. Practical implications In line with the United Nations Sustainable Development Goals (SDGs), particularly SDG 15 (Life on land) and SDG 13 (Climate action), the findings underscore the importance of board composition in fostering environmentally sustainable business practices. This study demonstrates how firms can leverage board expertise and director networks to align with global biodiversity conservation goals, thus reinforcing the role of corporate governance in achieving long-term ecological sustainability. Firms, especially in high-income countries, can benefit from appointing busy directors who bring cross-sector experience to biodiversity management. However, there is a need for caution in low-income settings where resources and governance structures may limit the impact of busyness. Policymakers should consider strengthening corporate governance frameworks in low-income countries to enhance the positive effects of busy boards on biodiversity performance. Social implications It promotes a better biodiversity management through strong corporate governance, which helps preserve ecosystems, supports rural and Indigenous communities and enhances social well-being. It highlights the importance of equitable resource distribution and governance, encouraging policymakers to strengthen frameworks in low-income regions. Originality/value This research highlights the importance of corporate governance in addressing biodiversity concerns and suggests that the effectiveness of busy directors varies by economic and firm context. To the best of the authors’ knowledge, this research is also the first to have examined across countries.

This study investigates the nexus between green growth, technological innovations, and infrastructure investment trends, through an international investigation of 56 countries for the period of 2000–2020. Based on the Environmental Impact by Population, Affluence and Technology (IPAT) and Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) frameworks, the study looks at the nexus between infrastructure investments, green growth, and technological innovations in the era of climate change. We find that increases in global carbon emissions are associated with higher infrastructure investment needs for the sustainable development of the world’s economy. Besides global infrastructure investments for sustainable development goals (SDGs), the economic costs of climate change are also reflected in technological innovations across countries and sectors. With higher investments in technological innovations such as low-carbon infrastructure and energy technologies, we highlight the roles of environment-oriented R&D and taxes in our global sample. The findings are validated through utilising a set of econometric techniques and are particularly crucial to emerging economies, and pollutingeconomies with high climate risk exposure. SDGs. Our study provides a formal empirical investigation of climate change, investments in infrastructure, and green growth. We also provide critical policy implications, future directions, and agendas in sustainable green finance and climate economics.