Borrowing-firm environmental impact on insurer green finance assessment: Green loan subsidy, regulatory cap, and green technology
學年 111
學期 2
出版(發表)日期 2023-03-01
作品名稱 Borrowing-firm environmental impact on insurer green finance assessment: Green loan subsidy, regulatory cap, and green technology
作品名稱(其他語言)
著者 Xuelian Li; Lingzhi Chen; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數 Environmental Impact Assessment Review 99, 107007
摘要 This study assesses the impact of the green loan subsidy, regulatory cap of the cap-and-trade mechanism, and green technology employment on an insurers green finance decisions and insurance stability. The willingness to provide green insurer finance depends on the borrowing firm’s environmental sustainability practices. Toward this end, we develop a contingent claim option model, explicitly capping the credit risk from borrowing-firm greenness to evaluate the insurer’s equity and policyholder protection. The lending function of the insurer creates the assessment required to model equity as a cap-call option. We demonstrate that increasing government loan subsidies hurt the insurer’s interest margin and policyholder protection. The stringent cap on the cap-andtrade mechanism helps the insurer’s interest margin and stability. Increasing the polluting-firm green technology improvement increases the insurer’s interest margin and stability, contributing to insurance stability. Our results demonstrate that the insurer’s green finance with government loan subsidies for borrowing firm cleaner production toward environmental sustainability may have limited applicability
關鍵字 Green insurer finance;Government loan subsidy;Cap-and-trade mechanism;Green technology investment;Environmental assessment
語言 en_US
ISSN 0195-9255
期刊性質 國外
收錄於 SSCI Scopus
產學合作
通訊作者 Jyh-Horng Lin
審稿制度
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122934 )