Is China's banking industry embracing sustainable investment?

被引：3
|
作者：
Li, Xiaojia [1 ]
Yin, Haitao [1 ]
Liu, Jiaxin [2 ]
机构：
[1] Shanghai Jiao Tong Univ, Antai Coll Econ & Management, 1954 Huashan Rd, Shanghai 200030, Peoples R China
[2] Shanghai Univ Finance & Econ, Coll Business Adm, Shanghai, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2018年 / 25卷 / 18期
基金：
中国国家自然科学基金;
关键词：
Sustainable investment; banking industry; China; green credit policy; G10; Q56; Q58;
D O I：
10.1080/13504851.2017.1418065
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Built upon an analysis of 2858 publicly listed companies in China, we found that although polluting companies historically received more loans from banks than nonpolluting companies, this trend has recently changed in China. Polluting companies receive fewer loans from banks and the borrowing cost increases over time. This suggests that the Chinese banking industry is becoming more environmentally responsible in its loan decision-making.
引用
收藏
页码：1269 / 1272
页数：4
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