摘要
基于15家A股上市银行2014—2019年的季度数据,构建面板数据回归模型,实证检验了绿色债券承销对商业银行盈利能力的影响。研究发现,在早期,商业银行开展绿色债券承销业务会对盈利能力产生负面影响。异质性检验结果表明:在业务发展早期,国有大型银行和非国有股份制商业银行在绿色债券承销对银行盈利能力的影响上不存在异质性;在绿色信贷业务开展程度较高的银行,绿色债券承销业务开展会对其盈利性造成更显著的负面影响。
Based on the quarterly data of 15 A-share listed banks from 2014 to 2019,the paper constructed the panel data regression model,and empirically tested the impact of green bond underwriting on commercial banks’profitability.The study found that,in the early days,the green bond underwriting business conducted by commercial banks had a negative impact on profitability.Heterogeneity test showed that,in the early days of business development,there was no heterogeneity in large state-owned banks and non-state-owned commercial banks.Considering the banks having a relatively higher level of green credit business development,green bond underwriting business might have a more significant negative impact on their profitability.
作者
吴凡
WU Fan(School of Business,Soochow University,Suzhou 215000,China)
出处
《山西财经大学学报》
CSSCI
北大核心
2023年第S02期22-27,共6页
Journal of Shanxi University of Finance and Economics
关键词
绿色债券承销
商业银行
盈利能力
绿色金融
green bond underwriting
commercial banks
profitability
green finance
