绿色信贷真的会降低商业银行绩效吗

Will Green Credit Really Reduce the Performance of Commercial Banks?

基于国内35家上市商业银行2005—2018年的面板数据,运用双重差分倾向得分匹配法(PSM-DID)实证研究绿色信贷政策对银行绩效的影响,结果表明,绿色信贷政策对国有银行和股份制银行财务绩效的提升具有显著促进作用,而对城商行没有明显影响;考虑政策时滞性后,绿色信贷的投放对国有银行财务绩效的提高仍具有显著的正向影响,而对股份制银行具有显著的负向影响,对城商行的影响作用不明显;国有银行实施绿色信贷政策可以显著提高非利息收入,而对资产规模、存贷比和不良贷款率无明显影响。建议国有银行和股份制银行主动承担社会责任,积极扩展绿色信贷业务,创造新的利润增长点;加大绿色金融产品创新力度,适当拓展非利息业务,提升收入多元化水平;建立完善的财税补偿机制,加大对城商行等中小银行的财政补贴额度,提高其实施绿色信贷政策的积极性。

We studied the effect of the green credit policy on bank performance based on the panel data on 35 listed commercial banks in China between 2005 and 2018 using propensity score matching-difference in differences(PSM-DID).The result shows that the green credit policy can significantly improve the financial performance of state-owned banks and joint-stock banks,while it has no evident impact on city commercial banks.After considering the policy time lag,the release of green credit still has a significant positive effect on improving the financial performance of state-owned banks,a significant negative impact on joint-stock banks,and no significant effect on city commercial banks.Furthermore,the implementation of the green credit policy among state-owned banks can significantly increase non-interest income,while no evident effect is found on the asset size,deposit ratio,and the ratio of non-performing loans.It is recommended that state-owned and joint-stock banks take social responsibility to actively expand their green credit business and create new areas for profit growth.Besides,they should also strengthen the innovation of green financial products,appropriately expand the non-interest business,and improve the level of income diversification.Finally,a sound mechanism for financial and taxation compensation should be established and the amount of financial subsidies for city commercial banks and other small and medium-sized banks should be increased to arouse their enthusiasm for implementing the green credit policy.