| The ecological environment in China has been seriously damaged by the rapid development of the industrial economy,and in order to achieve high-quality sustainable economic development,China has put forward the ambitious vision of "carbon peak" and "carbon neutral",and green credit is an important tool and effective means to help achieve this goal.Green credit is an important tool and effective means to help achieve this goal.As the executor of green credit,commercial banks play a very important role in promoting and implementing green credit to enterprises by connecting macro policies and economic entities.However,banking financial institutions are currently facing competitive pressures from peers to capture market share and serious homogenization of financial products,and the projects to which green credit is directed are characterized by uncertainty and long lead time,so the impact of green credit on the competitiveness of commercial banks has become an important topic in China’s green low-carbon development.Based on the above background,this paper compares the relevant literature and theories on green credit and listed commercial banks in foreign countries,and based on the data of 16 listed commercial banks from 2013 to 2020,firstly,ten operational and regulatory indicators of commercial banks are selected from five aspects,and their weights are calculated using the objective weighting method CRITIC algorithm,and then a more scientific comprehensive competitiveness score is obtained,based on which The empirical study of the impact of commercial banks’ development of green credit on their overall competitiveness is analyzed.After discussing the possible endogeneity and heterogeneity issues,we selected the social responsibility rating score and the annualized monthly stock price volatility variance of R&L Global to explore the influence mechanism from two perspectives of social responsibility and risk taking,and finally came to the following conclusions: First,green credit business has a positive effect on the overall competitiveness of commercial banks,and after the endogeneity test and the replacement of explanatory and explanatory variables,we concluded that green credit business has a positive effect on the overall competitiveness of commercial banks.Second,the development of green credit significantly improves the competitiveness of large joint-stock banks and urban commercial banks,but not state-owned commercial banks;third,the development of green credit is likely to improve the overall competitiveness of commercial banks by reducing the risks they take and increasing their social responsibility channels.Fourth,when the green reputation of commercial banks is low,the implementation of green credit has a better effect on their competitiveness.Summarizing the above research findings,this paper has the following three main innovations: first,a more scientific and comprehensive assessment on the competitiveness of commercial banks;second,the mechanism of the role of social responsibility in green credit and commercial banks is analyzed from both quantitative and qualitative perspectives;third,the effect of the implementation of green credit by commercial banks under different green reputations on their competitiveness is further analyzed from the perspective of reputation management.This study is conducive to further improving the construction of China’s green financial system,increasing the endogenous motivation of commercial banks to carry out green credit business,and at the same time further promoting commercial banks to assume their own social responsibility and enhance their own public influence and competitiveness.The article concludes with suggestions and countermeasures on how to promote green credit and its related business from the perspectives of both commercial banks and the government,respectively. |
