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Research on Green Credit Regulatory Strategy Based on Evolutionary Game

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DOI: 10.23977/socsam.2024.050105 | Downloads: 3 | Views: 116

Author(s)

Peng Peimin 1

Affiliation(s)

1 Anhui University of Finance and Economics, Bengbu, Anhui, 233000, China

Corresponding Author

Peng Peimin

ABSTRACT

China's green finance is in the development stage, and green credit is the main form of green finance. In order to supplement the theoretical research in this regard, this paper establishes the theoretical model of evolutionary game between the rewards and punishments of regulatory authorities, the work efficiency level of banks, and the participation of enterprises, analyzes the influence of the three parties on each other when their respective decision-making changes, and explores the stable equilibrium solution of the three parties in the process of evolutionary game. The results show that the technical level of pollution treatment and the environmental awareness of enterprises affect the strategic choice of the tripartite game subjects, and the regulatory authorities play different roles in different stages of the development of green credit business. With the gradual improvement of pollution treatment technology and corporate environmental awareness, the regulatory authorities will reduce intervention and evolve into relaxed supervision, so as to realize the endogenous profitability of the regulatory authorities. This study provides a theoretical basis for formulating an effective green credit regulatory strategy, which can better promote the steady development of green credit.

KEYWORDS

Green credit, regulators, banks, enterprises, tripartite evolutionary game

CITE THIS PAPER

Peng Peimin, Research on Green Credit Regulatory Strategy Based on Evolutionary Game. Social Security and Administration Management (2024) Vol. 5: 37-44. DOI: http://dx.doi.org/10.23977/socsam.2024.050105.

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