摘要
本文基于2003年至2010年国内26家商业银行的面板数据,实证研究国外关于银行业结构与资产风险的三种理论在中国的实际情形,发现我国银行业竞争与资产风险呈U型关系,现有竞争状态可能已经越过拐点,意味着此时竞争加剧会进一步加大资产风险,同时宏观因素对银行资产风险方面的影响并不显著。我们还对以往文献中衡量竞争程度的指标进行了梳理和探讨,并决定采用结构性指标作为衡量标准。文章最后建议,在金融业竞争不断加剧的今天,除了限制城商行盲目扩张外,还需提高银行自身的金融服务能力,调整业务战略结构,改变银行业的粗放经营方式,降低银行资产风险,从而维持金融体系的稳定。
Differences exist in the academic literatures on the relationship between banking structure and asset risk- taking practices. The ＂ Franchise value theory＂ assumes that the reduced competition has promoted banking stability. However, the BDN model gives the opposite conclusion. Recently, MMR model proposed a nonlinear relationship. Using the panel data of 26 commercial banks from 2003 to 2010, this paper tests the empirical nature of that relationship in China and also deliberately discusses the methods to evaluate the banking structure. After controlling for macroeconomic conditions and bank characteristics, we find that the relationship in china is nonlinear U type. We also find that increasing competition will promote asset risk-taking practices in contemporary china. It is hoped that improved marketization and regulation will help maintain the stability of the financial system.
出处
《国际金融研究》
CSSCI
北大核心
2013年第4期83-95,共13页
Studies of International Finance
关键词
商业银行
市场结构
资产风险
Commercial Bank
Market Structure
Asset Risk
