银行金融科技发展对企业ESG表现的影响

The Impact of Banking FinTech Development on Corporate ESG Performance

中文关键词:  银行金融科技  企业ESG表现  环境信息披露质量  绿色信贷占比  “漂绿”行为  信贷资金监管

英文关键词:banking FinTech  corporate ESG performance  quality of environmental information disclosure  proportion of green credit  “greenwashing” behavior  supervision of credit funds

中文摘要:

      银行金融科技的发展有助于提升金融服务实体经济的能力,而企业ESG表现是经济高质量发展的重要微观行为,探索银行金融科技的绿色赋能作用具有现实意义。基于2010—2022年中国A股上市公司银行信贷明细数据和银行专利申请数据,构造企业层级银行金融科技发展指标,实证检验了银行金融科技发展对企业ESG表现的影响及作用机制。研究发现,银行金融科技发展能够提升企业ESG表现,且通过提升企业环境信息披露质量、提高商业银行绿色信贷占比提升企业ESG表现。异质性分析结果表明,在最大贷款银行为非国有银行、重污染行业以及环境规制较弱省份的企业中,上述提升效应更为显著。因此,应加大银行金融科技相关技术开发和应用力度,严格信贷资金监管和项目质量监管,促进企业环境信息披露质量提升,更好地运用数字技术改造绿色信贷政策框架。

英文摘要:

      The development of banking financial technology (FinTech) can enhance the ability of finance to serve the real economy, while corporate environmental, social, and governance (ESG) performance represents an important micro-level behavior for high-quality development. Therefore, exploring the green empowerment effect of banking FinTech has practical significance. Based on detailed bank loan data of Chinese A-share listed companies and bank patent application data from 2010 to 2022, this study constructs a firm-level indicator of banking FinTech development and empirically examines the impact of banking FinTech development on corporate ESG performance and the underlying mechanisms. The findings show that banking FinTech development can improve corporate ESG performance, mainly by enhancing the quality of corporate environmental information disclosure and increasing the proportion of green credit of commercial banks. Heterogeneity analysis indicates that the positive effect is more significant among enterprises whose largest lending banks are non-state-owned banks, enterprises in heavily polluting industries, and enterprises located in provincial-level regions with weaker environmental regulations. Therefore, greater efforts should be made to develop and apply banking FinTech-related technologies, strengthen the supervision of credit funds and project quality, enhance the quality of corporate environmental information disclosure, and better utilize digital technologies to transform the green credit policy framework. 