【摘要】 绿色信贷作为绿色金融实践的主要手段，在推进绿色经济、低碳经济、循环经济的国家战略落地的同时，会对展业绿色信贷的商业银行的业务期限、流动性准备及其经营风险带来新的影响。基于我国银行绿色信贷业务发展较快且在银行间发展不平衡的现实特征，选择以2012—2023年的我国29家上市银行数据为样本，考察绿色信贷对商业银行经营风险的影响及作用机制。研究结果表明：绿色信贷与商业银行风险存在负相关关系，银行开展绿色信贷能降低自身经营风险。从作用机制上，绿色信贷可以通过增加银行绿色声誉，吸引更多优质绿色项目降低选择成本和违约概率，从而降低银行的经营风险。绿色信贷还可以通过产生利息这一稳定收入来源，同时稳定以利息收入为主的传统盈利结构，从而降低银行的经营风险。进一步分析发现宽松的货币政策在绿色信贷降低银行风险上有正向的调节作用。最后，根据国家金融监督管理总局的银行分类发现，绿色信贷抑制银行风险的作用在不同类别银行上的作用效果不同，在国有银行的效果最为明显，股份制银行次之，城市商业银行依然显著，农村商业银行效果则不显著。更多还原

【Abstract】 As the main means of green finance practice, green credit will not only promote the implementation of the national strategy of green economy, low-carbon economy and circular economy, but also bring new impacts on the business term, liquidity reserve and operating risks of commercial banks that display green credit. Based on the realistic characteristics of rapid development of green credit business in China and unbalanced development among banks, this paper chooses the data of 29 listed banks in China from 2012 to 2023 as samples to investigate the impact and mechanism of green credit on the business risk of commercial banks. The results show that there is a negative correlation between green credit and commercial banks’ risk, and banks’ green credit can reduce their own business risk. From the perspective of action mechanism, green credit can reduce the selection cost and default probability of banks by increasing their green reputation and attracting more high-quality green projects, thus reducing the operational risk of banks. Green credit can also reduce the operational risk of banks by generating interest as a stable source of income while stabilizing the traditional profit structure dominated by interest income. Further analysis shows that loose monetary policy has a positive moderating effect on green credit reducing bank risk. Finally, according to the classification of banks by the National Financial Supervision Administration, it is found that the effect of green credit on bank risk is different in different types of banks, and the effect is most obvious in state-owned banks, followed by joint-stock banks.更多还原