ESG Performance and Non-performing Loan Ratio of Commercial Banks——An Empirical Study Based on China
This paper selects the quarterly data of 38 listed banks in China from 2009 to 2021 as samples to study the impact of ESG performance on non-performing loan ratio.The results show that:(1)There is a significant negative correla-tion between ESG performance and non-performing loan ratio;(2)The improvement of ESG performance by banks reduces the non-performing Ioan ratio through two channels,including reducing their risk bearing level and improving liquidity;(3)The improvement of ESG performance of non-state-owned banks and well-capitalized banks can reduce the non-perform-ing loan ratio more significantly;(4)The uncertainty of monetary policy will force banks to reduce the non-performing loan ratio by improving ESG performance.
ESG performance of banksnon-performing loan ratiorisk-takingliquidity
NETL
NSTL
万方数据
