Can Banks Save Mountains?
研究银行限制向山顶移除式采煤企业贷款的政策效果，发现这些政策并未显著改变平均贷款或采煤量，但大银行、受媒体压力银行及受影响州银行更可能减少此类贷款。
Abstract We study bank policies to limit lending to companies engaged in mountaintop removal (MTR) coal mining, a form of coal extraction that has raised many environmental concerns. Using the staggered introduction of these policies, we document that these policies did not lead to meaningful changes in average bank lending or MTR mining. However, larger banks, banks that are under media pressure, and banks operating in the affected states are more likely to reduce MTR loans. Our results are consistent with the hypothesis that banks announced these policies under pressure and to improve their green credentials. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.