Research On The Impact Of Green Credit On The Competitiveness Of Listed Banks

The green credit policy shoulders the dual tasks of promoting the green transformation of traditional industries and the low-carbon operation of emerging industries,and has the significance of sustainable development.As an important implementation subject of domestic green credit,listed banks have a positive effect in theory to reduce operating risk,improve social reputation and promote sustainable development by constructing reasonable green credit.However,in the process of credit extension,environmental risk identification and assessment will cost additional costs and the short-term profitability of the project is low,which has a negative impact on the internal motivation of listed banks to develop green credit.Therefore,under the tide of green and healthy operation of the global economy,in order to mobilize the enthusiasm of listed banks to develop green credit,it is particularly necessary and realistic to study and explore whether green credit can help to enhance the competitiveness of listed banks in general.Based on the relevant literature at home and abroad,this paper defines the connotation of green credit and the competitiveness of listed banks,takes the Equator Principle Theory and the Environmental Risk Management Theory as the foothold,and expounds the internal mechanism of green credit’s influence on the competitiveness of listed banks from four paths: profitability,capital flow,risk management and growth.In order to understand the current development of green credit in listed banks,this paper discusses the internal and external green policy system,green product abundance,green credit implementation scale and benefits of listed banks,and points out that there are still many practical problems in the development process,such as imperfect information disclosure mechanism,low product design innovation,lack of green professionals,and different credit development levels.In addition to theoretical and practical analysis,this paper takes 18 listed banks from2010 to 2019 as research objects,selects financial indicators from four aspects: profitability,liquidity,risk management and growth ability,and calculates the comprehensive score of competitiveness based on entropy weight method.Through the fixed effect model,this paper studies the impact of green credit on the competitiveness of listed banks,and draws the conclusion that the implementation of green credit will improve the competitiveness of listed banks as a whole.At the same time,the 18 listed banks are divided into two categories: large state-owned listed banks and non-state-owned listed banks,and it is found that the impact of green credit on the competitiveness of different types of listed banks is different,especially on the competitiveness of non-state-owned listed banks,but not on the competitiveness of large state-owned listed banks.Based on the above,in order to promote the enthusiasm of listed banks to develop green credit and further enhance their competitiveness,this paper thinks that the following measures can be taken: first,strengthen the construction of green credit policy system,adopt reward and punishment measures,and enhance the endogenous motivation of listed banks;Second,build an enterprise environmental information sharing platform to reduce the cost of green project review and the risk of wrong loans;Third,deepen the awareness of social responsibility and environmental risk management,promote the subjective initiative of large state-owned listed banks,and achieve competitive advantage based on scale effect,while non-state-owned listed banks form profit growth points based on flexible credit adjustment mechanism;Fourth,promote the innovative development of green credit products and services;Fifth,strengthen the cultivation and introduction of green credit professionals;Sixth,improve the organizational structure of green credit and the construction of environmental index system.