An Empirical Study On The Impact Of Green Credit On The Competitiveness Of Commercial Banks

In order to complete the goals of "carbon neutralization" and "carbon peak",green economic development has now become one of the important strategies of our country.Compared with the economic development mode,the development of green economy which reduces energy consumption and low pollution greatly improves the operation performance of the real economy,making the economic development green,friendly and low-carbon.Green credit,as an emerging product of the development of green economy,has innovated the traditional credit mode since its birth in 2007 and set an entry threshold for enterprises with high energy consumption and high pollution from the source of borrowing.It is an embodiment of the social responsibility of commercial banks to actively fulfill the national green development and an important measure for commercial banks to effectively prevent systemic risks.Based on the panel data of 36 commercial banks from 2010 to 2020,this thesis constructs the competitiveness index of commercial banks based on the factor analysis method,explores the impact of green credit on the competitiveness of commercial banks,and explores the heterogeneity of the action mechanism among different dimensions of the competitiveness system of commercial banks,the degree of economic environment easing and the degree of market liquidity environment tightening.The empirical results show that there is a positive relationship between green credit and the competitiveness of commercial banks.In the heterogeneity analysis,increasing the scale of green credit of commercial banks is mainly through increasing the liquidity and market occupancy capacity of commercial banks to improve the competitiveness.In bull markets,green credit can significantly enhance the competitiveness of banks;From the perspective of different market liquidity environments,the incremental scale of green credit can better reflect the competitive advantages of banks in the industry when liquidity is tight.In this thesis,the samples of commercial banks with top5 competitiveness scores were removed and the sample data were reduced by 5%to test robustness again.The regression coefficient plus or minus sign and significance of the core explanatory variable green credit on the competitiveness of banks did not change significantly,which verified the accuracy of the empirical results.Accordingly,for the commercial Banks,should according to the present situation of commercial Banks adjust measures to local conditions to show the positive impact of the green credit,attaches great importance to the promotion and application of green credit,strengthen the innovation of the green credit products and creating green credit technical talent pool;For the state and other regulatory authorities,they should continue to improve the reward system of green credit,improve the legal guarantee system of green credit and improve the green credit evaluation system.