主动承担社会与环境责任是否降低了银行风险  

Whether or Not Proactive Assumption of Social and Environmental Responsibilities Lowers Bank Risk

作　　者：丁攀 李凌[2] 曾建中[3] Ding Pan;Li Ling;Zeng Jianzhong(China Institute for Reform and Development,Haikou 570100,Hainan,China;The People's Bank of China Haikou Center Branch,Haikou 570105,Hainan,China;School of Accounting and Auditing,Guangxi University of Finance and Economics,Nanning 530003,Guangxi,China)

机构地区：[1]中国(海南)改革发展研究院,海南海口570100 [2]中国人民银行海口中心支行,海南海口570105 [3]广西财经学院会计与审计学院,广西南宁530003

出　　处：《金融经济学研究》2022年第5期145-160,共16页Financial Economics Research

基　　金：教育部哲学社会科学重大课题攻关项目(19JZD024);海南省哲学社会科学规划课题(HNSK(YB)22-52);广西一流学科统计学建设项目。

摘　　要：以较早承诺采纳赤道原则的兴业银行和江苏银行作为独立实验组,通过合成控制法分别构造与之相匹配的独立对照组样本,采用非线性双重差分模型探讨商业银行在承担社会与环境责任过程中面临的风险问题,结果显示,商业银行承担社会与环境责任可以显著降低其信用风险,表现为不仅有效降低了商业银行的不良贷款率,还可以降低其风险加权资产占比。此外,商业银行采纳赤道原则有助于提升股价从而降低声誉风险,该发现存在经济显著性但没有通过统计显著性检验。因此,建议从更新发展理念、培养专业人才、完善信息披露、强化制度激励等方面调动商业银行承担社会与环境责任的主观能动性,助力构建绿色低碳循环发展经济体系。Based on a sample of Equator banks that proactively assume social and environmental responsibilities, this study used Industrial Bank and Bank of Jiangsu, which were early adopters of the Equator Principles, as the independent experimental group, constructed the independent control group comprising a sample of commercial banks matched with the two above using the synthetic control method, and then investigated the risk issues faced by commercial banks when assuming social and environmental responsibilities using a non-linear difference-in-differences model.The empirical results showed that commercial banks’ assumption of social and environmental responsibilities can significantly lessen their credit risks, which specifically indicates that it not only effectively lowers their non-performing loan ratios, but can also reduce the proportion of their risk-weighted assets.In addition, commercial banks’ adoption of the Equator Principles helps to increase stock prices and thus reduce reputational risk.This finding has important economic implications, but it does not meet the criteria for statistical significance.To help construct a circular economic system predicated on green and low-carbon development, it is imperative that relevant departments utilize the subjective initiative of commercial banks to meet social and environmental responsibilities in a variety of areas, including but not limited to: updating development philosophies;developing professional talents;improving information disclosure;and strengthening institutional incentives.

关 键 词：绿色低碳发展 社会与环境责任 赤道银行 信用风险 声誉风险 

分 类 号：F830.33[经济管理—金融学]