资本充足率、市值资产比例与银行风险

发布时间：2018-05-08 02:12

本文选题：资本充足率 + 市值资产比例　；参考：《金融论坛》2012年02期

【摘要】：基于风险和回报的基本关系,本文检验了以会计指标为主要计量尺度的资本充足率和以市场指标为计量手段的市值资产比例是否能够代表银行风险。研究发现,会计指标在没有被操控的情况下可以预测银行风险。虽然资本充足率也能够反映银行风险,但市值资产比例对银行股价回报的解释力更强,尤其在危机时期。本文建议,监管机构依然可以坚持选用资本充足率这样的会计指标监控银行风险,同时辅以市场指标,因为中国资本市场受到人为因素和政策因素干扰较多,股票价格不一定如实反映内涵价值,还应该坚持以会计指标为主。
[Abstract]:Based on the basic relationship between risk and return, this paper examines whether the capital adequacy ratio with accounting index as the main measure and market value asset ratio with market index as the measure can represent the bank risk. The study found that accounting indicators can predict bank risk without manipulation. While the capital adequacy ratio can also reflect bank risk, market value's asset ratio has a stronger explanation for the return on banks' share prices, especially in times of crisis. This paper suggests that regulators can still insist on using accounting indicators such as capital adequacy ratio to monitor bank risk, and at the same time supplement with market indicators, because China's capital market is more disturbed by human factors and policy factors. Stock price does not necessarily reflect the true meaning of value, should adhere to accounting indicators.
【作者单位】：北京交通大学中国产业安全研究中心博士后流动站;南开大学商学院;
【基金】：国家自然科学基金“财务报告透明度对投资人保护作用机制研究——以盈余管理为起点”(70872053);国家自然科学基金“中国独立董事声誉机制有效性研究——基于履职、声誉及其经济后果视角”(70802050) 中国证券业协会2010年重点课题“上市公司股利政策与二级市场价格行为研究” 中国博士后基金项目“房地产发展对银行业安全的影响研究”资助
【分类号】：F830.42

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