Impact of Climate and Environmental Change on Systemic Risk in Banks——Empirical Evidence from Chinese Listed Banks
Based on the data from 35 listed banks in China during Q12011-Q42021,this paper empirically analyzes the impact of climate and environmental changes on banks'systemic risk.It is found that both extreme climate and air pollu-tion significantly increase bank systemic risk.Climate and environmental changes affect bank systemic risk mainly through information and capital channels.The increase in banks'capital adequacy ratio and the rise in climate policy uncertainty are conducive to mitigating the adverse impacts of climate and environmental changes on banks'systemic risk;climate and environmental changes have heterogeneous impacts on the systemic risk of different types of banks.
climate and environmental changecommercial bankssystemic risk
万方数据
