The Influence Of Green Crediton The Operating Efficiency Of Commercial Banks

In July 2007,the peopleundefineds Bank of China,the General Administration of Environmental Protection and the Banking Regulatory Commission advocated the protection of the environment,energy conservation and emission reduction,and efforts to build a resource-efficient,environment-friendly society.The policy of "implementing environmental protection policies and regulations to prevent credit risks" has been put forward jointly,which marks the comprehensive introduction of green credit as an economic means.Green credit means that banks establish environmental access standards,and conduct environmental assessment of loan enterprises according to environmental protection management regulations and related industrial policies of national construction projects: Under the condition of controllable risk,banks should give active credit support or offer preferential low loan interest rate to enterprises engaged in encouraging projects such as ecological protection construction;Banks should stop granting new credit to enterprises and industries that engage in high pollution,high emissions and other environmental pollution and destroy ecological behavior,or impose credit restrictions such as punitive high interest rates.The purpose of this policy is to realize the green allocation of funds among industries,to guide the funds to be directed towards environmentally friendly industries,enterprises,and to reduce the allocation of funds in enterprises and projects that pollute the environment.Therefore,actively carrying out and implementing green credit policy can provide realistic basis and approach for realizing harmonious and sustainable development of economy,society and environment.At present,the systematic research on the effect of green credit on the efficiency of banks is still a front-line research field,and it is also a new subject faced by banks and other financial institutions.Therefore,the study and implementation of the impact of green credit on commercial banks has outstanding practical significance and application value.This paper mainly studies the influence of green credit on the efficiency of commercial banks.On the basis of drawing lessons from domestic and foreign research results,the research of this paper is carried out from the following aspects.Firstly,this paper explains the connotation of green credit and the present situation of implementing green credit in Chinese commercial banks.Secondly,it analyzes the positive and negative effects of green credit on the efficiency of commercial banks in theory,and then chooses the input-output index by using DEA three-stage comprehensive consideration of production method and intermediary method.And measure the operating efficiency of commercial banks.Finally,10 commercial banks,including 5 state-owned banks(Industrial and Commercial Bank of China,China Construction Bank,Agricultural Bank of China,Bank of Communications of China)and 5 joint-stock banks(Shanghai Pudong Development Bank,Industrial and Commercial Bank of China,Industrial and Commercial Bank of China),Panel data of China Merchants Bank,Citic Bank and Minsheng Bank for 2008-2017,using stepwise regression technique to estimate Tobit model.From the two dimensions of "green credit" ratio and "two high and one surplus" ratio,the paper empirically tests the effect of green credit on the operation efficiency of commercial banks.The results show that the estimated coefficient of "green credit" ratio is positive,which is significant at the level of 1%,which indicates that with the implementation of green credit in banks,the operation efficiency will be improved.The estimated coefficient of "two high and one surplus" ratio is negative,indicating that commercial banks make loans to "two high and one surplus" industries to reduce their operating efficiency.Finally,based on the results of empirical analysis,some suggestions are put forward from the government,environmental protection departments,commercial banks and other aspects combined with the actual situation of our country for the implementation of green credit business development of commercial banks in China,and to improve the efficiency of bank management.