环境信息披露对商业银行系统性风险影响的实证研究OACHSSCD

This study employs a longitudinal dataset encompassing China's financial institutions over the period 2008-2023 to investigate how environmental information disclosure influences banking systemic risk and its operational pathways.The empirical analysis reveals that environmental information disclosure can reduce systemic risk in commercial banks;commercial banks'environmental information disclosure can increase innovation capability and profitability of themselves,bringing down the systemic risk accordingly;the uncertainty in economic policy serve as a significant positive moderator of this association.Heterogeneity analysis reveals that the risk-alleviating impact of environmental information disclosure is particularly pronounced in banks with superior capital quality and those maintaining lower capital adequacy ratios.