分类号：F832.4单位代码：11726
学号：210901323密级：公开
硕士学位论文
绿色信贷对商业银行信贷风险影响研究——以农业银行为例
Research on the Influences of Green Credit on the Credit Risk of
Commercial Banks —Take Agricultural Bank of China as an
Example
作者姓名：宋伟超
专业名称：金融
研究方向：银行经营与管理
指导教师及职称：郝璐（副教授）
培养单位：经济学院
2023年6月
分类号：F832.4单位代码：11726
学号：210901323密级：公开
绿色信贷对商业银行信贷风险影响研究——以农业银行为例
Research on the Influences of Green Credit on the Credit Risk of
Commercial Banks —Take Agricultural Bank of China as an
Example
作者姓名：宋伟超
专业名称：金融
研究方向：银行经营与管理
指导教师及职称：郝璐（副教授）
培养单位：经济学院
2023年6月
摘要
自改革开放以来，我国经济得到了高速发展，在2021年经济总量达114.4万
亿元，突破110万亿元，稳居世界第二。但是在经济发展过程中对环境产生的负
面影响也在不断增加，逐渐成为了影响国计民生的大事，因此发展绿色金融成为
促进我国可持续发展必不可少的保障。绿色信贷作为绿色金融重要业务之一，在
国民经济发展中既可以对于企业的不当行为起到约束作用，还可以对资源配置和
产业结构调整产生深远影响。我国自2007年提出绿色信贷概念后，各大商业银行
积极开展绿色信贷业务，调节“两高一剩”企业贷款余额，将信贷资金投向低碳、
环保等领域，在实现经济效益的同时实现社会效益，因此研究绿色信贷对商业银
行信贷风险的影响对商业银行助力绿色经济发展有着重要意义。
本文通过理论分析、实证分析及案例分析研究绿色信贷对商业银行信贷风险的
影响。从理论角度，本文结合国内外相关研究，概括绿色信贷、商业银行信贷风
险的基本含义，并基于金融可持续发展理论、企业社会责任理论、环境风险管理
理论、赤道原则等理论总结我国商业银行绿色信贷及信贷风险管理发展现状，在
此基础上深入分析绿色信贷对商业银行信贷风险的影响机制；从实证角度，本文
选取14家上市商业银行从2012年至2021年十年之间的数据，采用固定效应模型，
分析绿色信贷对商业银行信贷风险的影响。然后将14家商业银行进一步细分为国
有商业银行和股份制商业银行两大类，进行异质性分析，探究绿色信贷对于商业
银行信贷风险的影响是否具有异质性，通过实证分析得出以下结论：第一，绿色
信贷业务的实施与商业银行信贷风险之间呈显著的负相关关系，第二，绿色信贷
对商业银行信贷风险的影响存在异质性，并对其产生的原因进行分析；从案例角
度，本文选择绿色信贷发展起步较早的农业银行，针对其具体数据进行案例分析。
最后，基于上述分析，从国家、商业银行两个层面对我国商业银行绿色信贷的发
展提出相关的对策建议，以期合理降低商业银行信贷风险，推动我国经济可持续
发展。
关键词：绿色信贷；商业银行；信贷风险；农业银行
I
Abstract
Since the reform and opening up,China's economy has developed rapidly.In 2021,
China's economic aggregate reached 114.4trillion yuan,surpassing 110trillion yuan,
ranking the second in the world.However,in the process of economic development,the
negative impact on environment is increasing and has gradually become a major event
affecting the national economy and people's livelihood.Therefore,developing green
finance has become an indispensable guarantee for promoting sustainable development
in our country.As one of the important businesses of green finance,green credit not
only restrain the improper behavior of enterprises in the development of national
economy,but also have a far-reaching impact on resource allocation and industrial
structure adjustment.Since the concept of green credit has been put forward in 2007,
major commercial banks actively develop green credit business,adjust the balance of
"two high and one high remaining"enterprise loans,invest credit funds in low carbon,
environmental protection and other fields,realize social benefits while realizing
economic benefits.Therefore,it is of great significance for commercial banks to study
the influence of green credit on the credit risk of commercial banks.This paper studies
the influence of green credit on the credit risk of commercial banks through theoretical
analysis,empirical analysis and case analysis.From the theoretical point of view,this
paper summarizes the basic meanings of green credit and credit risk of commercial
banks,and summarizes the current development of green credit and credit risk
management of Chinese commercial banks based on the sustainable development theory
of finance,corporate social responsibility theory,environmental risk management theory,
equator principles and other theories by combining the domestic and foreign relevant
research.On this basis,the influence mechanism of green credit on the credit risk of
commercial banks is analyzed deeply.From an empirical point of view,this paper
selects the data of 14listed commercial banks from 2012to 2021and uses the
fixed-effect model to analyze the impact of green credit on the credit risk of commercial
banks.Then,the 14commercial banks are further subdivided into state-owned
commercial banks and joint-stock commercial banks,and the heterogeneity analysis is
II
carried out to explore the impact of green credit on commercial enterprises.
Key words:Green Credit;Commercial Banks;Credit Risk;Agricultural Bank of
China
III