Robustness test configuration table.

The introduction of green credit policy provides an important idea to solve the contradiction between economic development and environmental protection. Based on fuzzy-set Qualitative Comparative Analysis (fsQCA) method, from the perspective of bank governance structure, this paper selects ownership concentration, independence of the Board, executive incentive, activity of Supervisory Board, degree of market competition and loan quality as antecedent variables to analyze the path of their impact on green credit. It is found that: (1) The main way to achieve high-level green credit is high ownership concentration and good loan quality. (2) The configuration of green credit has causal asymmetry. (3) Ownership structure is the most important factor affecting green credit. (4) There is a substitution between the low independence of the Board and the low executive incentive. The low activity of Supervisory Board and the poor loan quality are also substitutable to a certain extent. The research conclusion of this paper is helpful to improve the green credit level of Chinese banks and win the green reputation for banks.

绿色信贷政策的提出，为破解经济发展与环境保护之间的矛盾提供了重要思路。本文基于模糊集定性比较分析（Fuzzy-set Qualitative Comparative Analysis，fsQCA）方法，从银行治理结构视角，选取股权集中度、董事会独立性、高管激励、监事会活跃度、市场竞争程度以及贷款质量作为前因变量，探析其对绿色信贷的影响路径。研究发现：(1) 实现高水平绿色信贷的核心路径为高股权集中度与优质贷款质量；(2) 绿色信贷的配置存在因果非对称性；(3) 股权结构是影响绿色信贷的最关键因素；(4) 董事会独立性不足与高管激励不足之间存在替代效应，监事会活跃度偏低与贷款质量欠佳同样存在一定程度的替代关系。本文的研究结论有助于提升中国银行业的绿色信贷水平，为银行赢得绿色声誉。