本研究的主要目的是檢驗銀行的ESG表現是否會影響其流動性創造。我們的樣本期間涵蓋了2000年至2020年的銀行年觀察值。首先，我們發現非財務表現（ESG）將會對銀行的流動性創造產生正向的影響；其次ESG在較差的國家情況和流動性創造之間存在顯著的經濟正相關；第三，不同衝突、政權、自由環境下的ESG參與會有不同的結果；最後，我們使用含工具變數的兩階段最小平方法（2SLS）解決內生性問題，而且結果在解決內生性後仍然穩健。因此，基於我們的研究結果，本論文提供銀行高階主管和政府官員些微政策意涵。;The main purpose of this study is to examine whether a bank’s ESG performance will have an influence on its liquidity creation. Our data covers 2,103 bank-year observations from 2000 to 2020 in Asia. Firstly, we realize that non-financial performance (ESG) will have a positive effect on banks’ liquidity creation. Secondly, there is a significantly and economically positive connection between ESG with worse country situations and liquidity creation. Thirdly, ESG participation with distinct conflict, regime, and freedom circumstances will have various results. Lastly, we carry out the two-stage least square regression (2SLS) to eliminate the endogenous concerns with two instruments, and the outcomes are still robust after treating the endogeneity. Consequently, this research provides some implications on banks’ executives and government officials on the basis of our results.
