Green Credit Policy and Corporate Exposure to Climate Risk in the Case of BRICS Countries
BRICS諸国におけるグリーンクレジット政策と企業の気候リスクエクスポージャー (AI 翻訳)
Abdelkader Mohamed Sghaier Derbali
🤖 gxceed AI 要約
日本語
2000～2024年のBRICS上場企業パネルデータを用い、グリーンクレジット政策が企業の気候リスク曝露に与える影響を検証。システムGMMにより、グリーンクレジットへのアクセスが気候リスク、特に移行リスクを有意に低減することを発見。炭素集約型セクターや規制の強い国で効果が大きい。政策立案者や金融機関への示唆を提供。
English
Using panel data of listed firms in BRICS countries from 2000-2024, this study examines the impact of green credit policy on corporate climate risk exposure. Employing System GMM, it finds that access to green credit significantly reduces climate risk, especially transition risk, with stronger effects in carbon-intensive sectors and countries with strong regulatory frameworks. The paper offers implications for policymakers and financial institutions.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
BRICS諸国を対象とした研究だが、グリーンクレジット政策の効果を実証しており、日本のグリーンファイナンス推進や気候変動対応策の設計に示唆を与える。特に規制の強い国での効果が大きい点は、日本の政策強化の参考となる。
In the global GX context
This paper provides robust empirical evidence from BRICS emerging economies on the effectiveness of green credit policies in reducing corporate climate risk. It underscores the importance of strong regulatory frameworks and firm characteristics, offering valuable insights for global climate finance and transition risk management.
👥 読者別の含意
🔬研究者:Provides empirical evidence on green credit-climate risk nexus using advanced panel econometrics, relevant for scholars in green finance and climate risk.
🏢実務担当者:Offers insights into how green credit can reduce climate risk exposure, useful for financial institutions designing green credit products and assessing portfolio risk.
🏛政策担当者:Highlights the role of regulatory strength in enhancing the effectiveness of green credit policies, informing climate policy design in emerging and developed economies.
📄 Abstract（原文）
This paper examines the impact of green credit policy on corporate exposure to climate risk in BRICS countriesin 2000–2024. The objective of this study is to assess the extent to which access to sustainable financing can mitigate both physical and transition climate risks for companies operating in emerging economies. The methodology is based on a panel of listed companies in the BRICS countries, combining financial, climate, and regulatory data from national and international databases. We use the System GMM econometric approach, which corrects for potential endogeneity and biases related to unobserved heterogeneity. The empirical results indicate that access to green credit significantly reduces corporate exposure to climate risk, particularly in carbon-intensive sectors and in countries with strong regulatory frameworks. The effect is more pronounced for large companies and varies depending on the type of risk: transition risk is more effectively mitigated than physical risk. The study’s novelty lies in its extensive time coverage from 2000 to 2024, the integration of multidimensional data, and the rigorous application of advanced econometric techniques. Thispaper contributes to the literature on green finance in emerging countries and offers concrete implications for public decision-makers and financial institutions in terms of climate strategy.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.17323/j.jcfr.2073-0438.20.1.2026.50-62first seen 2026-05-15 20:50:44
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