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IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-05 DOI:10.1016/j.frl.2025.106872

Chengtao Deng , Mengfu Han , Jun Luo , Junjie Zhang

引用次数: 0

摘要

本文估算了天气冲击对中国农村信用社信贷和破产风险的影响。我们发现，异常气温和强降水会恶化贷款质量。气温低于 5 ℃，不良贷款率就会增加 0.22 个百分点。气温超过 30 ° C 多一天，正常贷款就会下移 0.17 个百分点，进入特别关注类别。降水量超过 50 毫米的天数多一天，Z 值就减少 0.94%。我们还发现，与农业关系密切的农村信用社尤其容易受到影响。

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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The impact of weather shocks on rural credit cooperatives

This paper estimates the impact of weather shocks on the credit and insolvency risks of China’s rural credit cooperatives. We find that abnormal temperatures and heavy precipitation deteriorate loan quality. One more day with a temperature below 5 °C increases the non-performing loan ratio by 0.22 percentage points. One more day with a temperature above 30 °C causes a downward migration of the normal loan into the special-mention category by 0.17 percentage points. One more day with precipitation over 50 mm decreases the Z-score by 0.94%. We also find that the rural credit cooperatives heavily exposed to agriculture are particularly vulnerable.

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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