Does climate policy uncertainty matter for bank value?

被引：2

作者：

Fan, Mengting ^{[1
]}

Mo, Zan ^{[1
]}

Fu, Huijian ^{[1
]}

Wu, Tsung-Hsien ^{[2
]}

Chen, Zili ^{[3
]}

He, Yue ^{[1
]}

机构：

[1] Guangdong Univ Technol, Sch Management, Guangzhou, Peoples R China

[2] Fu Jen Catholic Univ, Coll Management, New Taipei City 24205, Taiwan

[3] South China Univ Technol, Sch Business Adm, Guangzhou, Peoples R China

来源：

ECONOMIC CHANGE AND RESTRUCTURING | 2024年 / 57卷 / 02期

关键词：

Climate policy uncertainty; Bank value; Climate change; NON-PERFORMING LOANS; LOW-CARBON-ECONOMY; CUSTOMER SATISFACTION; FINANCIAL STABILITY; ENERGY-CONSUMPTION; CAPITAL ADEQUACY; MARKET; CHINA; RISK; PROFITABILITY;

D O I：

10.1007/s10644-024-09651-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine whether and how climate policy uncertainty (CPU) affects bank value. Based on a sample of Chinese listed banks, we find that CPU is negatively associated with bank value, irrespective of bank type and bank size. Moreover, the increased CPU exacerbates the negative effects on bank value of the ratio of non-performing loans to total loans (NPL), operational efficiency (OE), and leverage ratio (LEV), suggesting that NPL, OE, and LEV are possible channels through which CPU harms bank value. The policy implication is that bank equity investors need to take the impact of CPU into account when deciding their investment portfolios while bankers and regulators need to improve some key financial indicators to reduce the negative impact of CPU.

引用

页数：28

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