How Does Climate Policy Uncertainty Affect Banks Loan Loss Provisions?—Evidence From China

IF 2.5 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2025-03-18 DOI:10.1002/mde.4511

Yonghui Lian, Jie Li, Feng He

引用次数: 0

Abstract

This study examines the impact of climate policy uncertainty (CPU) on banks' loan loss provisions. Using a sample of 63 listed commercial banks in China from 2007 to 2022, we find that CPU significantly increases banks' loan loss provisions. Banks with higher financial risk and greater climate risk exposure tend to increase their loan loss provisions in response to CPU. This effect is less pronounced for banks with a higher degree of digital transformation, banks with better ESG performance, banks with green commitment, and banks disclosing more substantial climate information. Our findings provide empirical evidence for the importance of reducing CPU by government and regulators from banks' risk management perspective.

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气候政策的不确定性如何影响银行贷款损失拨备？——来自中国的证据

本研究考察了气候政策不确定性对银行贷款损失准备金的影响。以2007 - 2022年中国63家上市商业银行为样本，我们发现CPU显著增加了银行的贷款损失拨备。金融风险较高、气候风险敞口较大的银行往往会增加贷款损失拨备，以应对CPU。对于数字化转型程度较高的银行、ESG绩效较好的银行、有绿色承诺的银行和披露更多实质性气候信息的银行，这种影响不那么明显。我们的研究结果从银行风险管理的角度为政府和监管机构降低CPU的重要性提供了实证证据。

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

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.