The Moderating Role of Listing Status on Green Credit Risk: Empirical Evidence from Chinese Commercial Banks

Abstract

Against the backdrop of rapid global expansion in green credit and the increasing impact of environmental risks on financial stability, Chinese commercial banks are accelerating the integration of green factors into their credit decision-making processes. However, the associated risk effects exhibit significant heterogeneity. This study employs a full-sample regression and a grouping regression design to examine the moderating effect of listing status on the risk effects of green credit. The findings reveal that green credit significantly reduces the risk-taking of listed banks. Conversely, for non-listed banks, green credit appears ineffective and actually intensifies scale risks, indicating an institutional divergence. Based on these results, this paper proposes a differentiated regulatory framework. It suggests optimizing synergistic rule effectiveness for listed banks, while focusing on building regional technical platforms and providing corresponding fiscal and tax incentives for non-listed institutions. The aim is to achieve the synergistic evolution of green risk management within the banking system.