The Impact of Green Credit on Commercial Banks'Risks——A Multi-Period Double Difference Validation Based on the Chinese Bank-ing Sector
Are commercial banks'support for green development and risk prevention an irreconcilable contradic-tion?This paper constructs a quasi-natural experiment of green credit policy based on the data of 64 commercial banks in China from 2008 to 2019,and utilizes a double difference model to study the impact of green credit on the risk of commercial banks.The study found that:commercial banks carrying out green credit can effectively reduce the risk of commercial banks,and there is a three-year lag in the effect of the policy;green credit policy can weaken the risk of large state-owned commercial banks and urban commercial banks,but the effect on non-large state-owned commercial banks and rural commercial banks is not obvious;Increasing the share of green credit can enhance the liquidity and inno-vativeness of commercial banks,which in turn reduces commercial bank risks.
green creditcommercial banksriskliquiditymulti-period double difference test
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