Author(s)

Xinyan Dong

Corresponding Author

Xinyan Dong

ABSTRACT

With the increasingly prominent global ecological and environmental problems, green finance has become an important concept of sustainable development in China. As the main force in the development of green finance, how to improve the scale of green credit in banks and promote the development of green credit in banks is crucial to the development of green finance in China. Taking 34 listed banks as samples, this paper uses the QCA method to integrate five conditions of social responsibility and bank governance, and explores multiple concurrent factors and complex causal mechanisms that affect banks' green credit. The results show that: 1) Equity responsibility, social contribution, asset quality, equity structure, and operating efficiency are not necessary conditions for generating high green credit. 2) The driving mechanism of high green credit is divided into two paths, namely contribution-state-owned holding-led and asset-quality-driven. 3) There are three paths to drive non-high green credit, namely, the restraint of operating benefits, the restraint of social contribution-asset quality, and the restraint of equity structure. This paper solves the problem that existing research focuses on the net effect of a single factor on green credit, but seldom pays attention to the synergistic effect of multiple factors on green credit business, which helps banks to increase the scale of green credit business and promote green credit business of banks developing.

KEYWORDS

Green credit, Listed banks, QCA qualitative comparative analysis