摘要
本文使用模拟合并的方法分析了中国商业银行跨业兼营寿险和证券的潜在风险和收益,季度数据显示商业银行跨业兼营寿险和证券在一定寿险和证券资产比重下能增加银行的收益,并提高单位风险的报酬。研究结果同时表明,合适的寿险和证券业务资产比重对于达到最佳的跨业兼营效果是必不可少的。而从公共政策的角度来看,商业银行跨业兼营寿险和证券能显著降低其自身破产概率。
We use hypothetical mergers among banks, life insurance and security companies to analyze the potential risks and returns of their financial integration in China. Results show that when banks merge with life insurance and security companies, they can increase the revenue and profit rate per unit risk, meanwhile, appropriate proportion of non-banking asset is indispensable to achieve the optimal effect of integration. As far as public policy is concerned, the probability of bankruptcy can be reduced too. Therefore it supports the financial integration among banks, life insurance and security companies.
出处
《财贸研究》
北大核心
2007年第3期78-85,共8页
Finance and Trade Research
关键词
商业银行
模拟合并
跨业兼营
破产概率
commercial bank
hypothetical mergers
financial integration
probability of bankruptcy
