气候变化领域集成服务门户(CCPortal): The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy

CCPortal

DOI	10.1016/j.techfore.2023.122480
	The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy
	Lang, Qiaoqi; Ma, Feng; Mirza, Nawazish; Umar, Muhammad
发表日期	2023
ISSN	0040-1625
EISSN	1873-5509
卷号	191
英文摘要	Climate change leads to many financial risks, including exerting pressure on banking liquidity. The issue is plausibly more severe for emerging markets that suffer from financial frictions. Therefore, an assessment of the liquidity profile of banks in emerging markets is necessary to understand the devastating impact of climate risk to devise optimal financial strategies to support low-carbon transitions. Using a comprehensive sample of banks from twenty-three emerging markets and assessing data for over a decade, we report that climate risk is negatively associated with liquidity. This means that banks that are domiciled in countries with a higher level of climate risk are likely to experience more liquidity pressures. The finding remained robust for various definitions of liquidity and after controlling for a series of exogenous variables. We argue that such pressures emanate from both physical and transitional risks and therefore it is in the interest of financial intermediaries to devise sustainable financial strategies to support sustainable development goals and limit ecological degradation.
英文关键词	Climate change; Emerging markets; Liquidity risk; Banking
语种	英语
WOS研究方向	Business ; Regional & Urban Planning
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000951997100001
来源期刊	TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280433
作者单位	Wuhan Textile University; Southwest Jiaotong University; Qingdao University; Lebanese American University
推荐引用方式 GB/T 7714	Lang, Qiaoqi,Ma, Feng,Mirza, Nawazish,et al. The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy[J],2023,191.
APA	Lang, Qiaoqi,Ma, Feng,Mirza, Nawazish,&Umar, Muhammad.(2023).The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy.TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE,191.
MLA	Lang, Qiaoqi,et al."The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy".TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE 191(2023).