Is there a relationship between Corporate Social Resonsibility and Financial Performance? : Analysis of JP Morgan Chase & Co, UBS and SEB based onReturn on Average Assets and Return on Equityfrom 2002-2019

Abstract: As banks have an extensive impact on the market economy while the continuous and ambiguous work for sustainability is more topical than ever before, our study analyses if corporate social responsibility has a positive, negative or no impact at all on the Financial Performance of banks. In particular, the banks of choice are JP Morgan Chase & Co, SEB and UBS. The dependent variables used to measure Financial Performance in this thesis were ROE and ROAA from the year 2002 to 2019. The independent variables were the pillars for the ESG Score, in particular, Environment, Governance and Social, with the control variable Total Assets. As a result, multiple regression analysis shows no significant results for the independent variables of interest. Thus, our study concludes that corporate social responsibility has no impact on the financial performances for the three banks.