The impact of bank FinTech on green credit allocation: Evidence from China

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-06 DOI:10.1016/j.frl.2024.106424

Yumiao Deng , Mengmeng Fang , Sichao Ma , Fanzhi Wang , Wanting Wu

引用次数: 0

Abstract

This paper investigates the impact of bank FinTech on green credit allocation, using a sample of listed firms in China from 2014 to 2020. We construct a bank FinTech index through textual analysis and find that: (1) Banks with more advanced FinTech significantly allocate more green credit to eco-friendly firms. (2) FinTech primarily empowers banks in green credit allocation by expanding business channels, improving information processing efficiency, and strengthening risk management capabilities. (3) Advanced FinTech banks offer more credit to clean firms in traditional energy sectors and favor firms in high-energy-supply regions over high-energy-consumption ones. (4) There exists a quadratic relationship between bank FinTech and credit allocation to heavily polluting firms, characterized by an initial decrease followed by an increase.

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银行金融科技对绿色信贷分配的影响：来自中国的证据

本文以 2014 年至 2020 年中国上市公司为样本，研究了银行金融科技对绿色信贷配置的影响。我们通过文本分析构建了银行金融科技指数，发现(1）拥有更先进金融科技的银行明显向生态友好型企业分配更多绿色信贷。(2) 金融科技主要通过拓展业务渠道、提高信息处理效率和加强风险管理能力来增强银行的绿色信贷配置能力。(3）先进的金融科技银行为传统能源行业中的清洁企业提供更多信贷，并偏爱高能源供应地区的企业而非高能耗地区的企业。(4) 银行金融科技与重污染企业的信贷分配之间存在二次关系，其特点是先减少后增加。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance