The Impact Of Low Carbon Financial Products In Share Price Of Listed Commercial Banks In China

This paper studies the relationship between low carbon financial products and share price of listed commercial banks in China. The contents of the paper belong to the environmental finance area. This article starts from a unique perspective of low carbon financial products to analysis the relationship between low carbon financial products and share price of listed commercial banks in China. Thus, we can put forward new ideas for the environmental protection and the innovation development of commercial banks.First and foremost, the paper sums up the background and significance of our study. Next, it remarks the relevant literature home and abroad. The paper studies the theoretical basis and interactive development relationship of the low carbon finance and share price of commercial banks to serve the following study. According to the event-study analysis, the paper puts forward the hypothesis that in the sample event window, the cumulative abnormal return rates of commercial bank shares are zero. Then, by using STATA, the related parameters are obtained. And the paper uses the related parameters and event window market yield rates to predict the normal return rates of stocks in the event window. According to the difference of the actual stock yield rates and prediction normal return rates, the paper gets abnormal return rates. By using STATA, the cumulative abnormal return rates of sample event windows are gotten. At the same time, this paper creatively carries out sub-studies to analyze the cumulative abnormal return rates of different sample event windows. Finally, the paper gets conclusions and policy suggestions according to the results of the empirical tests.Through the above analysis, this paper concludes the following three conclusions. Firstly, low carbon financial products have the positive impact on commercial banks. Secondly, the future of low carbon financial products is broad. Thirdly, the market and investors have paid more attention to the development of low carbon finance.