The Influence Factors of Green Finance Development were Analyzed Based on the Bank’s Perspective
คำสำคัญ:
Green Finance, Policy Implementation, Influencing Factors toward Green Finance Implementationบทคัดย่อ
Against the background of increasingly severe environmental pollution, circular economy and sustainable development have been strongly advocated worldwide. Green economy and green finance will be the correct way to promote economic and environmental development. The purposes of this study are 1) to study the implementation of green finance; and 2) to analyze the influencing factors of the implementation of green finance from the perspective of banks. The sample size is 400 senior executives and credit personnel of banking institutions in Zigong. The tool used in this study was a questionnaire. The statistical data used in data analysis include frequency, percentage, average value, and standard deviation. Multiple Regression Analysis (MRA) with the coefficient of determination (R2) at a statistical significance of 0.05 was used for the hypothesis test. The results found that Effectiveness, Efficiency, and Sustainability together constitute the implementation effect of green finance. When considering various aspects, it was found that Efficiency and Sustainability can better explain the implementation effect of green finance, but Effectiveness is the lowest, which can explain the implementation effect of green finance. Thus, the influence of the Policy design, Policy justifications, Policy logic, Feasibility, Stakeholders and their Engagements, the Institutional and Societal Context, Repayment capacity, Security risk, Industry characteristics, External supervision, and the impact of Implementation Strategy on green finance is significant.It was concluded that (1) the implementation of green finance demonstrates effectiveness, efficiency, and sustainability; (2) key determinants influencing green finance encompass external regulations, repayment capacity, stakeholder involvement and agreements, security risks, as well as other pertinent factors.
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