Research On The Influence Of Executive Characteristics On Green Credit Of Commercial Banks

China's extensive economic growth model has deepened the contradiction between economic development and environmental resources for a long time.Forming a sustainable and high-quality development model is a vital issue in the process of China's economic transformation.In July 2007,the people's Bank of China and China Banking Regulatory Commission promoted Opinions on Implementing Environmental Protection Policies and Regulations to Prevent Credit Risk,which is the beginning of China's green credit policy.The formulation and implementation of green credit strategy of commercial banks are closely related to executive decision-making.According to the Upper Echelons Theory,the background characteristics and team coordination of executives have an impact on their decision-making behavior.Therefore,it is of great significance to study the role of executives' team characteristics in green credit to promote the construction of executives' team in commercial banks and improve the implementation efficiency of green credit.Based on the theory of corporate social responsibility and environmental risk management,it is necessary for commercial banks to carry out green credit business to fulfill their environmental responsibility and improve the level of environmental risk control.According to the Upper Echelons Theory,the background characteristics of the senior management team have a significant impact on corporate decision-making.Combined with the content of Information & Decision Theory and Social Identity Theory,the heterogeneity of executives' characteristics also affects the business decision-making by changing the coordination and communication efficiency of the senior management team.Therefore,this paper selects five background characteristics of senior management team,including age,gender,education background,overseas background and tenure,to study the impact of average characteristic level and characteristic heterogeneity of senior management team on the development of green credit business of commercial banks,and whether the background characteristics of senior management is regulated by senior management shareholding.In this paper,the System GMM method is used to test the samples of 46 Commercial Banks in China from 2012 to 2018.The results show that:(1)the age of executives is negatively related with the proportion of green credit,while the proportion of female executives,education level,overseas background and tenure have a positive impact on the development of green credit.(2)Executive stock ownership can promote the development of green credit in commercial banks,and regulate the influence of executive team's age,gender ratio and overseas background.(3)The heterogeneity of executives' personal characteristics also has an impact on the green credit of commercial banks.The gender heterogeneity and tenure heterogeneity of executives have a negative impact on the proportion of green credit,while the degree heterogeneity and overseas background heterogeneity promote the development of green credit,and the age heterogeneity of executives has no significant impact on green credit.(4)Compared with the empirical results of three group samples of large-scale state-owned holding banks,national joint-stock commercial banks and local commercial banks,the impact of the background characteristics of executives and the heterogeneity of the characteristics of executives on green credit differs in the group samples.In the sample of local commercial banks,the impact of the characteristics of executives is the most significant,while the impact of the characteristics of executives in large-scale state-owned holding banks is not significant.Based on the conclusion of the study,this paper proposes suggestions for improving the implementation of green credit policy for commercial banks from the perspective of human resource allocation and assessment system construction of senior management team.