Research on the Efficiency of Commercial Banks’ Risk Management of Green Bonds

自2016年起，我国债券市场的刚性兑付已经取消，作为债券的一种，绿色债券也会存在相应风险，因此加强商业银行绿色债券的风险管理必须提上进程。面对日益复杂的国内外金融经济环境，我国商业银行是否具有足够的风险管理能力可以在变化莫测的金融市场中持续生存下来，效率是评价银行风险管理情况的重要方面。本文根据每年年底商业银行的绿色债券存有情况，采用DEA模型测算其各效率水平。最后基于研究结果提出了进一步提高商业银行对绿色债券风险管理效率的相关建议。本文从绿色债券的角度丰富了银行关于风险管理方面的研究。Since 2016, the rigid redemption in China’s bond market has been cancelled. As a kind of bond, green bonds also have corresponding risks, so strengthening the risk management of green bonds in commercial banks must be put on the agenda. Facing the increasingly complicated domestic and international financial and economic environment, whether our commercial banks have enough risk management ability to survive in the unpredictable financial market, efficiency is an important aspect to evaluate the risk management of banks. According to the situation of green bonds in commercial banks at the end of each year, this paper uses DEA model to measure their efficiency levels. Finally, based on the research results, some suggestions are put forward to further improve the efficiency of risk management of green bonds by commercial banks. This paper enriches the bank’s research on risk management from the perspective of green bonds.