银行个体特征、外部融资成本和贷款行为的差异性——来自中国银行业微观数据的经验证据

发布时间：2018-12-23 10:18

【摘要】：本文运用了2007至2009年13家上市银行季度数据,考察了紧缩性政策下银行个体特征决定贷款行为差异性的机制。本文首先从我国当前银行体系制度约束的典型事实出发提出理论假说,然后建立引入银行个体特征的贷款决定模型,并进一步扩展为动态面板模型以对理论假说展开检验。研究表明,在以资产主导型的盈利模式,较为宽松的资本金补充机制和完善的银行间同业市场制度的约束下,银行的资产规模越小,资本充足率和流动性比率越高,可能会面临较高的外部融资成本,并且贷款下降幅度较大。反之,银行的资产规模越大,资本充足率和流动性比率越低,就会面临较低的外部融资成本,而贷款下降幅度较小。
[Abstract]:Based on the quarterly data of 13 listed banks from 2007 to 2009, this paper investigates the mechanism of individual characteristics of banks determining the difference of loan behavior under the policy of contractility. This paper first puts forward a theoretical hypothesis based on the typical facts of the institutional constraints of the current banking system in China, and then establishes a loan decision model which introduces the individual characteristics of the bank, and further expands to a dynamic panel model to test the theoretical hypothesis. The study shows that the smaller the asset size, the higher the capital adequacy ratio and liquidity ratio, under the restriction of asset oriented profit model, looser capital replenishment mechanism and perfect interbank market system. May face higher external financing costs, and a larger decline in loans. On the other hand, the larger the assets, the lower the capital adequacy ratio and liquidity ratio, the lower the external financing cost and the smaller the decline of loans.
【作者单位】：华南师范大学;广东外语外贸大学;
【基金】：范从来教授主持的国家自然科学基金项目“基于福利标准的人民币汇率制度选择研究”(70673033)的资助张勇副教授主持的教育部人文社会科学研究一般项目“银行非自愿超额准备金波动与货币政策微调性操作”(09YJC790098) 广东省自然科学基金项目“流动性过剩与中央银行流动性管理的有效性研究”(07300422)的资助
【分类号】：F832.4;F224

【共引文献】