Green Loan And Corporate Social Responsibility

Green finance,as an important means of realizing environmental protection strategy,is a bright spot in protecting environment and achieving sustainable development in China.There is a strong external effect—social benefits,thus the banking industry’s own profits will not increase obviously.Therefore,how to increase the enthusiasm of the banking industry for green loan and accelerate the pace of sustainable development are important issues at this stage.Based on the research above,the impact of green loan on corporate social responsibility of commercial banks is objective of the study.To start with,green loan deepens the interaction with stakeholders,enhances the bank’s social reputation and market value.In the next place,analyze how green loan brings economic gains and social welfare to commercial banks,and because of the policy response nature of green loan,it still focuses on social welfare.Therefore,this study takes 26 commercial banks from 2011 to 2018 as a sample.According to the stakeholder theory,this study constructs and measures corporate social responsibility of the banking industry,establishes a multiple regression model.The results concluded:(1)There is a significant positive impact between the green loan ratio(GLR)and corporate social responsibility(CSR),which indicates that the more green loan,the higher corporate social responsibility of commercial banks and the better social image among the public;(2)The correlation of green loan and performance of social responsibility were discovered to be positive in the current and the follow-up period;(3)Banks which have greater corporate social responsibility do not have a significantly larger green loan scale than banks with lower ones.The main innovations of this article are:(1)For the topic of green loan,select a creative research orientation of green loan and corporate social responsibility,to broaden the research content of the corresponding performance of green loan.At first,this study analyzes the social benefits brought by green loan,then uses the real data to model and demonstrate,and further explores the interactive intertemporal effect between green loan and corporate social responsibility.(2)Independently construct commercial banks’ corporate social responsibility indicator system to measure corporate social responsibility.Thereafter determination of corporate social responsibility from principal component analysis.The research significance of this study is to enrich perspective of green loan,and explore the internal incentive for the implementation of green loan under the background of carbon peaking and carbon neutralization.