赤道原则对我国商业银行的经营效率有益吗——以兴业银行为例

Are Equator Principles Conductive to the Operational Efficiency of China's commercial Banks? With Industrial Bank as a Case

赤道原则是项目融资中旨在判断、评估和管理环境与社会风险的金融行业标准。通过分析商业银行加入赤道原则的优势和劣势,以及使用全局主成分分析法对兴业银行和同类可比银行进行定量研究,结果发现加入赤道原则后,兴业银行的财务状况与同类可比银行相比得到了较大改善,每一年的得分均优于同类可比银行的均值;但期间也出现过得分略微下降的情况。赤道原则在短期内会对商业银行的经营效率(主要是流动性方面)造成略微不利的影响,但是从中长期来看,加入赤道原则的商业银行会比同类可比银行得到更加快速的发展。

The Equator Principles are designed as the financial industry standards to determine, assess and manage environmental and social risks in project financing. By analyzing the strengths and weaknesses of commercial banks joining the Equator Principles, as well as the quantitative study conducted on the Industrial Bank and the similar comparable banks with the method of global principal component analysis, it is found that after joining the Equator Principles, the financial conditions of the Industrial Bank has been improved greatly compared with similar comparable banks, the scores every year are better than the mean value of similar comparable banks; however, a slight decline of the scores is also found during that period. In the short term, the Equator Principles would generate a slightly negative impact on the operating efficiency of commercial banks （mainly liquidity）, but in the medium and long term, the commercial banks which have joined the Equator Principles will experience more rapid development than the similar comparable banks.