【讲座时间】2022年11月29日  15:30

【参加方式】线上（会议ID&密码另行通知）

【讲座主题】Green financing and politicians’ incentives: Evidence from proprietary loan assessment data

【嘉宾介绍】 杨  勇，香港中文大学BV韦德经理，终身教授

  Prof. George Yong Yang is a Professor of School of Accountancy at The Chinese University of Hong Kong (CUHK). He obtained his BA and MA degrees from Peking University and PhD degree from Kellogg School of Management of Northwestern University and is a Certified Public Accountant (non-practicing) of China (CICPA).

Prof. Yang has published research articles in journals such as The Accounting Review, Management Science, and Review of Accounting Studies and has been on the editorial board of The Accounting Review since 2016. Prof. Yang has broad research interests related to various accounting and finance issues driven by agents’ economic incentives. He is particularly interested in topics on corporate governance, information disclosure, financial analysts, and insider trading.

【内容提要】

  We examine the role of local politicians’ incentives on bank’s green loan decision by obtaining a proprietary internal branch-loan level dataset on the borrowers’ environmental risk ratings from one of the largest banks in China. We first find that the bank’s environmental risk ratings of its borrowers reflect the real environmental risks that the borrowers face and that the bank prices the loans accordingly. We find that the individual branch's consideration of the borrowers’ environmental risk ratings weakens when city government leaders have political incentives to enhance local macroeconomic growth. Overall, we highlight that green financing initiatives are compromised and influenced by local officials’ political incentives.