Duong Khoa Dang, Truong Phuc Huu, Nguyen Diep Van, Le Ai Ngoc Nhan
Faculty of Finance and Banking, Ton Duc Thang University, Ho Chi Minh City, Viet Nam.
Faculty of Finance and Banking, Ho Chi Minh City Open University, Ho Chi Minh City, Viet Nam.
Heliyon. 2023 Sep 26;9(10):e20445. doi: 10.1016/j.heliyon.2023.e20445. eCollection 2023 Oct.
This paper investigates the interconnection between Chief Executive Officer (CEO) power, green credit, and core competence of commercial banks in Vietnam. Our data sample consists of 373 annual observations from 2010 to 2021. We employ a dynamic system Generalized Method of Moments to analyze an unbalanced panel comprised of 373 annual observations from 2010 to 2021. The findings indicate an inverse U-shape relationship between CEO overpower and commercial banks' core competence. Moreover, the study reports that banks with green lending activities reduce core competence by about 0.1598 points more than other banks. In addition, the results indicate that CEO power moderates the relationship between green credit and core competence. Our findings align with stewardship, management entrenchment, first-mover advantage, stakeholder theories, and prior literature. The study has practical implications for policymakers to develop the banking system sustainably in emerging markets.
本文研究了越南商业银行首席执行官（CEO）权力、绿色信贷与核心竞争力之间的相互关系。我们的数据样本包括2010年至2021年的373个年度观测值。我们采用动态系统广义矩估计法来分析一个由2010年至2021年的373个年度观测值组成的不平衡面板。研究结果表明，CEO权力过大与商业银行核心竞争力之间存在倒U形关系。此外，研究报告称，开展绿色贷款活动的银行比其他银行的核心竞争力降低约0.1598个百分点。此外，结果表明，CEO权力调节了绿色信贷与核心竞争力之间的关系。我们的研究结果与管家理论、管理层堑壕效应、先行者优势、利益相关者理论以及先前的文献一致。该研究对政策制定者在新兴市场可持续发展银行体系具有实际意义。
