The impact of blue and green lending on credit portfolios: a commercial banking perspective

IF 3.6 Q1 BUSINESS, FINANCE
Nawazish Mirza, Muhammad Umar, Rashid Sbia, Mangafic Jasmina
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引用次数: 0

Abstract

Purpose

The blue and green firms are notable contributors to sustainable development. Similar to other businesses in circular economies, blue and green firms also face financing constraints. This paper aims to assess whether blue and green lending help in optimizing the interest rate spreads and the likelihood of default.

Design/methodology/approach

This analysis is based on an unbalanced panel of banks from 20 eurozone countries for eleven years between 2012 and 2022. The key indicators of banking include interest rate spread and a market-based probability of default. The paper assesses how these indicators are influenced by exposure to green and blue firms after controlling for several exogenous factors.

Findings

The results show a positive relationship between green and blue lending and spread, while there is a negative link with the probability of default. This confirms that the blue and green exposure positively supports the credit portfolio both in terms of profitability and risk management.

Originality/value

The banking system is among the key contributors to corporate finance and to enable continuous access to sustainable finance, the banking firms must be incentivized. While many studies analyze the impact of green lending, to the best of the authors’ knowledge, this study is among the very few that extend this analysis to blue economy firms.

蓝色和绿色贷款对信贷组合的影响:商业银行的视角
目的 蓝色和绿色企业对可持续发展做出了显著贡献。与循环经济中的其他企业类似,蓝色和绿色企业也面临融资限制。本文旨在评估蓝色和绿色贷款是否有助于优化利率差和违约可能性。设计/方法/途径本分析基于 2012 年至 2022 年 11 年间欧元区 20 个国家银行的非平衡面板。银行业的关键指标包括利率差和基于市场的违约概率。研究结果表明,绿色和蓝色贷款与利差之间存在正相关关系,而与违约概率之间存在负相关关系。原创性/价值银行系统是企业融资的主要贡献者之一,要想持续获得可持续融资,就必须激励银行企业。虽然许多研究分析了绿色贷款的影响,但就作者所知,本研究是为数不多的将这一分析扩展到蓝色经济企业的研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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