【报告主题】Green financing and politicians’ incentives: Evidence from proprietary loan assessment data
【主讲嘉宾】 香港中文大学会计学院院长，杨 勇
【报告时间】2022年11月29日 15:30
【参加方式】线上（会议ID&密码另行通知）
【内容提要】 We examine the role of local politicians’ incentives on bank’s green loan decision by obtaining a proprietary internal branch-loan level dataset on the borrowers’ environmental risk ratings from one of the largest banks in China. We first find that the bank’s environmental risk ratings of its borrowers reflect the real environmental risks that the borrowers face and that the bank prices the loans accordingly. We find that the individual branch's consideration of the borrowers’ environmental risk ratings weakens when city government leaders have political incentives to enhance local macroeconomic growth. Overall, we highlight that green financing initiatives are compromised and influenced by local officials’ political incentives.