The Green Credit Policy Impact on the Financial Performance of Commercial Banks: A Quasi-Natural Experiment from China
Table 4
Dynamic effect of the green credit policy on banks’ profits.
Variables
(1)
(2)
(3)
(4)
(5)
PROFIT
PROFIT
PROFIT
PROFIT
PROFIT
D2013
−0.124
−0.153
−0.0928
−0.0684
−0.107
(−1.27)
(−1.53)
(-0.91)
(−0.64)
(−0.86)
D2014
−0.0316
−0.0607
−0.000604
0.0236
−0.0153
(−0.33)
(−0.61)
(−0.01)
(0.22)
(−0.12)
D2015
−0.0986
−0.128
−0.0672
−0.0417
−0.0828
(−1.02)
(−1.31)
(−0.67)
(−0.39)
(−0.66)
D2016
−0.148
−0.0846
−0.0587
−0.100
(−1.51)
(−0.84)
(−0.55)
(−0.79)
D2017
0.250
0.276
0.234
(2.49)
(2.58)
(1.84)
D2018
0.0764
0.0326
(0.71)
(0.25)
D2019
−0.0807
(−0.61)
Control variables
YES
YES
YES
YES
YES
Time fixed effect
YES
YES
YES
YES
YES
CONSTANT
4.353
4.351
4.351
4.367
4.377
(5.98)
(5.99)
(6.02)
(6.04)
(6.05)
Observation
496
496
496
496
496
Adj R2
0.522
0.523
0.529
0.529
0.528
Notes: ,, and indicate that the estimated coefficients are significant at the 10%, 5%, and 1% levels, respectively. The numbers in parentheses are t statistics. The results are based on STATA 16.0 estimation.
