Enhancing sustainability reporting and greening the finance system: institutionalization and practices in China's banking sector
Shidi Dong,
Lei Xu and
Ron McIver
Chapter 30 in Handbook of Banking and Finance in Emerging Markets, 2022, pp 553-572 from Edward Elgar Publishing
Abstract:
Compared to traditional polluters, financial sector sustainability accounting has received limited attention. Following institutional theory, we examine China's banks' commitment to sustainability reporting. Utilizing electronic database and manually collected data, we examine 126 firm-year observations from 2010 to 2017 on 21 listed banks. We apply content analysis to examine their sustainability, including 'green credit', disclosures, before and after issue of regulatory guidance. We address: (1) What changes occurred in the extent and content of these disclosures? (2) What impacts did the China Banking Regulatory Commission (CBRC) 2012 issue of the 'Green Credit Guidelines' have on their level and quality? (3) Do State ownership and control generate intra-sector differences in disclosures? We find China's banks have progressively committed to sustainable development through adopting sustainability reporting. However, the trend is non-linear. Two reporting peaks are identified, 2012 and 2016, aligning with emerging regulatory pressures. Additionally, large state-controlled banks have better external reporting.
Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2022
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