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DOI10.1007/s10644-024-09651-8
Does climate policy uncertainty matter for bank value?
发表日期2024
ISSN1573-9414
EISSN1574-0277
起始页码57
结束页码2
卷号57期号:2
英文摘要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.
英文关键词Climate policy uncertainty; Bank value; Climate change
语种英语
WOS研究方向Business & Economics
WOS类目Economics
WOS记录号WOS:001175032800004
来源期刊ECONOMIC CHANGE AND RESTRUCTURING
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/291383
作者单位Guangdong University of Technology; Fu Jen Catholic University; South China University of Technology
推荐引用方式
GB/T 7714
. Does climate policy uncertainty matter for bank value?[J],2024,57(2).
APA (2024).Does climate policy uncertainty matter for bank value?.ECONOMIC CHANGE AND RESTRUCTURING,57(2).
MLA "Does climate policy uncertainty matter for bank value?".ECONOMIC CHANGE AND RESTRUCTURING 57.2(2024).
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