摘要
在Ho-Saunders领导模型的基础上引入非利差收入、非传统贷款资产及央行基准利差因素,提出了更适合中国银行业现状的多产品纯利差决定模型。采用2000～2008年间23家商业银行的面板数据进行实证分析,结果发现影响净利差的因素有:风险厌恶程度、运营成本、信用风险、资产规模、上年净利差、非利差收入、非传统资产及基准利差等。根据这些因素可以看出,四大商业银行近年净利差波动性较大,而中小股份制商业银行经营日趋稳定。中国商业银行应致力于拓展中间业务及产品多样化,逐步改变传统盈利模式和收入结构。
On the basis of Ho-Saunders model, the paper introduces non-interest spread revenue, non-traditional loan assets and the benchmark interest of central bank and presents a multi-output interest spread pricing model that is more suitable for the status of Chinese banking. The paper uses the panel data of 23 commercial banks during the period of 2000 to 2008 to make empirical analysis. The results reveal that the determinants of net interest margin include risk aversion, operating costs, credit risk, asset scale, net interest margin of the previous year, non-interest spread revenue, non-traditional assets and benchmark interest of central bank. The high volatility in recent years, but that of joint-equity banks net interest margin of large state-owned banks has shown a becomes gradually stable. Chinese commercial banks should dedicate to expand intermediary business and product diversification and gradually change the traditional profit model and revenue structure.
出处
《金融论坛》
CSSCI
北大核心
2010年第6期22-27,共6页
Finance Forum
基金
国家杰出青年基金重大项目(70525005)
关键词
商业银行
净利差
利率市场化
中间业务
收入结构
commercial bank
net interest margin
interest rate liberalization
intermediary business
revenue structure
