Climate-related Disclosure Commitment of the Lenders, Credit Rationing, and Borrower Environmental Performance

主讲人 Buhui Qiu 主讲人简介 <p>Prof. Buhui Qiu is Director of Doctoral Studies at the University of Sydney Business School. He received his PhD in Finance from the University of Cincinnati in July 2009. Prof. Qiu's research interests are in the broad areas of corporate finance, accounting and capital markets. His academic articles have been widely published (or accepted for publication) in major international journals in accounting, finance, international business, business law and general science such as The Accounting Review, Management Science, Journal of Financial and Quantitative Analysis, Journal of International Business Studies, Contemporary Accounting Research, Review of Corporate Finance Studies, Journal of Money Credit and Banking, among others.</p>
主持人 Xiaoran Ni 简介 <p>Using lenders becoming members of the Task Force on Climate-Related Financial Disclosures (TCFD) as a plausible exogeneous shock, we examine whether and how lenders&rsquo; commitment to transparent climate-related disclosures affects borrower firms&rsquo; environmental performance. We find that client firms of TCFD-member lenders, relative to control firms, significantly improve their environmental performance after the TCFD launch. The effects are stronger for polluting firms. Moreover, TCFD-member lenders influence their borrowers&rsquo; environmental performance via charging higher loan spread and reducing the number and amount of new loans issued to polluting firms. Finally, polluting clients of TCFD-member lenders experience tightened financial constraints subsequently.</p>
时间 2022-11-15 (Tuesday) 16:40-18:00 地点 Room N303, Economics Building
主办单位 厦门大学经济学院、王亚南经济研究院、邹至庄经济研究院 承办单位
类型 系列讲座 专题网站
联系人信息 许老师,电话:0592-2182991,邮箱:ysxu@xmu.edu.cn 讲座语言 English
期数 金融经济学系列讲座2022年秋季学期第一讲(总96讲)
系列讲座

联系我们

联系电话:(86 592 )2186183
电子邮箱:jjcw@xmu.edu.cn
通讯地址:中国福建厦门大学经济楼
邮政编码:361005