金融自由化、互联网金融对商业银行风险承担影响的研究

发布时间：2018-05-07 02:37

本文选题：金融自由化 + 互联网金融　；参考：《四川外国语大学》2017年硕士论文

【摘要】：金融自由化是金融市场不断完善的过程,也是金融市场改革的目标。在金融自由化不断推进的过程中,作为中国金融支柱的银行,也是金融改革的一部分,在竞争越来越充分,利率等指标都由市场决定的情况下,商业银行的业务重点、发展方向、盈利水平、经营管理、市场地位等都会受到影响,进而,商业银行的风险承担水平也会受到影响;互联网金融诞生于我国金融自由化逐渐推进的背景下,在经历了2014年井喷式的发展之后,逐渐走进人们的生活,传统金融机构在面临互联网金融的激烈竞争时,为了争夺市场和利润,纷纷调整自己的业务范围和发展战略,甚至有的银行为了提升客户体验,进行有效经营管理和风险管理,也尝试涉足互联网金融;那么,在利率市场化基本完成的今天,以及日后随着金融改革的进一步深化、互联网金融的进一步发展,商业银行的风险承担水平会如何变化,政府如何把握金融改革的力度和进度、如何对互联网金融进行有效监管,银行面对外部环境变化采取的发展战略是值得我们关注的。本文通过丰富金融自由化和互联网金融发展现状的理论研究,定性分析金融自由化、互联网金融对商业银行风险承担的内在影响机制,然后实证检验三者之间的关系,并用中国工商银行的案例加以验证,进而得出金融自由化、互联网金融对商业银行的风险承担水平的影响,从而提出政策建议。理论部分,本文首先界定了金融自由化、互联网金融、商业银行风险承担的定义及现状,并根据各自的表现形式,分析其内在影响机制;实证部分,利用2008-2015年16家银行的面板数据定量分析金融自由化、互联网金融和商业银行风险承担三者之间的关系,根据广义矩估计回归结果和中国工商银行的案例,分析金融自由化、互联网金融对商业银行风险承担水平影响的真实原因。实证结果显示不良贷款率滞后项、金融自由化和商业银行风险承担水平呈现正相关,互联网金融和商业银行风险承担呈现负相关,互联网金融调节金融自由化对商业银行风险承担水平通过显著性检验。即金融自由化的进程中,由于竞争的激烈和特许权价值的丧失,则使商业银行面临更多竞争,为了争夺利润就会冒险做出原本不会做的业务,加上商业银行市场地位受到威胁、国际金融市场风险对市场风险影响加大,商业银行风险承担水平加重;互联网金融本身,由于提高了商业银行的工作效率、风险管理水平,降低管理费用而增加了盈利水平,从而降低商业银行风险承担;且随着会互联网金融的发展,金融自由化对商业银行风险承担水平的影响会减弱,由于互联网金融的反复试错,给金融改革的方向和力度带来一定的先发经验。最后提出金融自由化应注意把握改革的次序,互联网金融的发展应该是“带着脚链舞蹈”,商业银行应当结合实际情况、提高服务水平等建议。
[Abstract]:Financial liberalization is not only the process of financial market improvement, but also the goal of financial market reform. In the process of continuously advancing financial liberalization, the banks, as the backbone of Chinese finance, are also part of the financial reform. When competition is becoming more and more adequate and interest rates and other indicators are determined by the market, the business priorities of commercial banks, The direction of development, profit level, management, market position and so on will be affected. Furthermore, the level of risk assumption of commercial banks will also be affected. Internet finance was born in the context of the gradual promotion of financial liberalization in China. After experiencing the blowout development in 2014, the traditional financial institutions gradually entered into people's lives. In the face of fierce competition from Internet finance, traditional financial institutions adjusted their business scope and development strategy one after another in order to compete for markets and profits. Even in order to enhance the customer experience and carry out effective management and risk management, some banks also try to dabble in Internet finance; so, with the basic completion of interest rate liberalization today and with the further deepening of financial reform, With the further development of Internet finance, how will the risk bearing level of commercial banks change, how will the government grasp the strength and progress of financial reform, how to effectively supervise Internet finance, The development strategy adopted by banks in the face of the change of external environment is worthy of our attention. By enriching the theoretical research of financial liberalization and Internet financial development, this paper qualitatively analyzes the internal influence mechanism of financial liberalization and Internet finance on commercial banks' risk-bearing, and then empirically tests the relationship between the three. The paper uses the case of Industrial and Commercial Bank of China to prove the influence of financial liberalization and Internet finance on the risk bearing level of commercial banks, and then puts forward some policy recommendations. In the theoretical part, this paper first defines the definition and present situation of financial liberalization, Internet finance, commercial bank risk taking, and analyzes its internal influence mechanism according to their manifestation. Using the panel data of 16 banks from 2008 to 2015 to quantitatively analyze the relationship among financial liberalization, Internet finance and commercial banks' risk-taking, and according to the regression results of generalized moment estimation and the case of Industrial and Commercial Bank of China (ICBC), this paper analyzes financial liberalization. The real reason of the influence of internet finance on the risk bearing level of commercial banks. The empirical results show that there is a positive correlation between financial liberalization and commercial banks' risk-taking level, and a negative correlation between Internet finance and commercial banks' risk-taking. Internet financial regulation financial liberalization to commercial banks risk-bearing level through the significance of the test. That is, in the process of financial liberalization, because of the intense competition and loss of franchise value, commercial banks will face more competition. In order to compete for profits, they will take risks to make business that they would not otherwise do, and the market position of commercial banks will be threatened. The impact of international financial market risks on market risks is increased, and the level of risk assumption of commercial banks is aggravated. Internet finance itself increases the level of profitability by improving the working efficiency of commercial banks, the level of risk management, and reducing management costs. With the development of Internet finance, the impact of financial liberalization on commercial banks' risk-taking level will be weakened, because of the repeated trial and error of Internet finance, To the direction and strength of financial reform to bring a certain first-hand experience. Finally, the author points out that financial liberalization should pay attention to the order of reform, that the development of Internet finance should be "dance with feet", and that commercial banks should improve their service level according to the actual situation.
【学位授予单位】：四川外国语大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33

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