首页|银行ESG表现与企业绿色全要素生产率:基于银企双侧机制检验

银行ESG表现与企业绿色全要素生产率:基于银企双侧机制检验

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以我国商业银行和上市企业为研究对象,通过银企信贷联系从企业绿色全要素生产率视角探究了银行ESG表现的经济效应.研究发现,银行 ESG 表现显著促进了企业绿色全要素生产率的提升.机制分析表明,在银行端,ESG 表现能够提升银行流动性创造水平,优化信贷配置,增强信贷监督能力;在企业端,银行 ESG 表现能够缓解企业融资约束,优化企业内部管理,提高管理层环保意识,从而对企业绿色全要素生产率提升产生积极作用.此外,银企ESG具有明显的协同效应,能够强化银行ESG表现对企业绿色全要素生产率的提升作用.进一步分析表明,银行 ESG 表现的促进作用在民营及中小企业样本中更为显著.本文拓展了银行 ESG 微观经济后果与企业全要素生产率影响因素研究,对于促进我国银行业可持续发展和实体经济绿色高质量发展具有一定的理论与现实意义.
Banks'ESG Performance and Enterprises'Green Total Factor Productivity:Based on the Two-sided Mechanism Test of Banks and Enterprises
The report of the 20th Party Congress points out that"high-quality development is the primary task of compre-hensively building a modern socialist country".In view of this,this paper explores the economic effects of banks'ESG per-formance from the perspective of enterprises'green total factor productivity through the credit linkage between banks and enter-prises,with China's commercial banks and listed enterprises as the research objects.The study finds that banks'ESG perform-ance significantly promotes the improvement of enterprises'green total factor productivity;mechanism analysis shows that,on the bank side,ESG performance can enhance the level of banks'liquidity creation,optimize credit allocation,and strengthen the credit supervision ability;on the enterprise side,banks'ESG performance can alleviate the constraints of enterprises'finan-cing,optimize the internal management of the enterprises,and improve the management's awareness of environmental protec-tion,which plays a positive role in the enhancement of enterprises'green total factor productivity.In addition,bank-enterprise ESG has obvious synergistic effects,which can strengthen the role of bank's ESG performance in the enhancement of enterprise green total factor productivity.Further analysis shows that the promotional effect of bank's ESG performance is more obvious in the private and SME samples.This paper expands upon the research on the microeconomic consequences of bank's ESG per-formance and the influencing factors of enterprise total factor productivity,which has certain theoretical and practical signifi-cance for promoting the sustainable development of China's banking industry and the green and high-quality development of the real economy.

Bank ESGGreen Total Factor ProductivityResource EffectSupervisory Effect

郭娜、胡丽宁

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天津财经大学金融学院,天津 300222

银行ESG 绿色全要素生产率 资源效应 监督效应

2025

财经论丛(浙江财经学院学报)
浙江财经学院

财经论丛(浙江财经学院学报)

北大核心
影响因子:1.1
ISSN:1004-4892
年,卷(期):2025.(1)