气候变化冲击与银行风险承担:理论分析与经验证据  

Impact of climate change on bank risk-taking:the oretical analysis and empirical evidence

作　　者：李守伟[1] 伍鑫 潘志磊 杨斯童 LI Shou-wei;WU Xin;PAN Zhi-lei;YANG Si-tong

机构地区：[1]东南大学经济管理学院,南京211189 [2]上海交通大学安泰经济与管理学院,上海200030

出　　处：《东南大学学报(哲学社会科学版)》2025年第1期38-53,150,F0003,共18页Journal of Southeast University(Philosophy and Social Science)

基　　金：国家文化英才培养工程专项资助项目(2021QNYC209);江苏高校哲学社会科学研究重大项目(2023SJZD023);江苏省社科基金一般项目(23GLB009)成果之一。

摘　　要：气候变化对经济增长和金融稳定构成重大威胁,引起了政府和公众的广泛关注和担忧。利用2008—2019年中国344家商业银行的非平衡面板数据,实证考察了气候变化冲击对银行风险承担的影响。研究发现:首先,气候变化冲击的增加会显著提高银行风险承担水平,该结论在进行内生性问题处理和稳健性检验后仍然成立。其次,银行风险管理成本是气候变化冲击影响银行风险承担水平的重要渠道。再次,气候变化冲击对规模较大,资本化程度较低的银行风险承担影响更大。最后,气候保护绩效的改善可以减缓气候变化冲击增加的银行风险承担水平,但整体效果仍然较弱。研究为气候变化冲击影响下深入理解银行风险承担行为与维护金融稳定提供了有益启示。Climate change poses abig threat to economic growth and financial stability.This has attracted widespread concern from both governments and the public.This paper employs unbalanced panel data from 344 commercial banks in China over the period of 2008 to 2019 to empirically examine the impact of climate change on bank risk-taking.The study finds that:first,an increase in climate change shocks significantly raises the level of bank risk-taking,and this conclusion remains valid after addressing endogeneity issues and conducting robustness tests.Second,the cost of bank risk management is an important channel through which climate change shocks affect levels of risk-taking.Third,the impact of climate change on larger banks with lower capitalization is more pronounced.Finally,improvements in climate protection performance can mitigate the increase in bank risk-taking levels caused by climate change shocks,although the overall effect remains relatively weak.This research provides valuable insights for understanding the bank risk-taking under the influence of climate change shocks and for maintaining financial stability.

关 键 词：气候变化冲击 银行风险承担 银行风险管理成本 气候保护绩效 

分 类 号：F83[经济管理—金融学]