Research On The Impact Of Green Credit On The Competitiveness Of Small And Medium-sized Listed Commercial Banks

Green credit is a major measure launched by China to achieve the "dual carbon" goal.As the theme of ecological environment protection has been paid more and more attention,the market allocation function of financial resources of green credit has been further explored and utilized,and the position of green credit in China’s green finance system is also rising day by day.The report of the 20 th National Congress of the Communist Party of China pointed out that it is necessary to deepen the prevention and control of environmental pollution,improve the financial,investment,pricing policies and standard systems that support green development,actively develop green and low-carbon industries,and continuously promote the development of green economy.Green credit is one of the important driving forces for promoting economic transformation and upgrading.It continuously aggregates into ecological industries through the transmission of financial signals and guidance mechanisms,and uses financial leverage to promote the development of green economy.In this context,commercial banks,as important implementers of green credit,play an important role in the development of green credit.In the past,the development of green credit in China mainly relied on state-owned listed commercial banks to play a leading role.However,with the improvement of relevant policy systems,small and medium-sized listed commercial banks have gradually implemented environmental protection principles in their credit business.Although small and medium-sized listed commercial banks have achieved the flow of funds to the environmental protection industry and practiced the concept of green development through the implementation of green credit,due to the characteristics of both public welfare and profitability of green credit,the development of green credit business may not necessarily have a positive promoting effect on its competitiveness.In view of this,this article takes the impact of green credit on the competitiveness of small and medium-sized listed commercial banks as the starting point for research,analyzes the reasons for the impact of carrying out green credit business on their competitiveness,and proposes specific improvement suggestions.This article elaborates on the impact mechanism of green credit on the competitiveness of commercial banks from the perspective of the traditional "three characteristics" principle and growth ability of commercial banks by reviewing relevant literature.On this basis,this article selects data from 13 representative small and medium-sized listed commercial banks from 2010 to 2021 as research samples,calculates the competitiveness scores of each small and medium-sized listed commercial bank through time series global principal component analysis,and then uses panel regression to empirically analyze the overall small and medium-sized listed commercial banks,joint-stock commercial banks,and urban commercial banks,Finally,the following research conclusions were drawn:(1)The development of green credit business has an inhibitory effect on the competitiveness of small and medium-sized listed commercial banks in China;(2)There is heterogeneity in the impact of green credit on the competitiveness of different types of small and medium-sized listed commercial banks;(3)The impact of green credit on the competitiveness of small and medium-sized listed commercial banks has a lag,that is,the implementation of green credit by commercial banks will have a restraining effect on competitiveness in the short term,but in the long run,it will ultimately help improve competitiveness.Based on the above conclusions,this article proposes three targeted improvement suggestions:(1)improving the green credit information disclosure system;(2)Promote the differentiated development of green credit for small and medium-sized listed commercial banks;(3)Improve the innovation level of green credit products.