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On the Evaluation of Performance System Incorporating “Green Credit” Policies in China’s Financial Industry
Business School, East China University of Science and Technology, Shanghai, China
- 1 Business School, East China University of Science and Technology, Shanghai, China
Journal of Financial Risk Management·Volume 02 (2013)·Pages 33–37·Published 5 June 2013·DOI10.4236/jfrm.2013.22005
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Abstract
The main work of this paper is aimed, through utilizing the two-stage optimization theory, to estimate the green distance functions and Malmquist green growth indexes for the China’s main commercial banks and relevant financial institutions, and to further set up an overall appraisal index system to assess their performance in implementing the “Green Credit” principles. The paper also analyzes effects of the “Green Credit” policies influential on revenue achievements, as well as performs a decomposition analysis of the above impacts. The carry-outs of the paper may serve as useful references and guiding means in achievingChina’s economic transitional strategies of sustainable development.
KeywordsGreen CreditSustainable DevelopmentFinancial Distance FunctionPerformance Evaluation
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