市场纪律对银行风险承担行为的影响研究——基于我国12家商业银行的实证分析

Study on the Impact of Market Discipline to Bank Risk-taking Behavior——Based on an Empirical Analysis of China's 12 Major Commercial Banks

以2005-2011年我国12家主要商业银行的年度数据作为研究样本,通过计量回归分析,研究市场纪律对银行风险承担的影响。研究结果表明,银行次级信贷与银行风险承担正相关,银行发行债券、银行存款数目与其风险承担负相关,银行上市能有效约束银行风险承担行为。我国应进一步加大银行改革,打破银行垄断,严格控制其次级信贷水平,通过发行债券、吸收存款等方式,有效降低银行风险承担水平。

By using annual data from 2005 to 2011 of China＇s 12 major commercial banks as a research sample,the paper makes a measurement regression to study the impact of market discipline on bank risk-taking.The results show that second-class credit is positively correlated with bank exposures,the number of bank bonds and deposits is negatively correlated with bank exposures,and bank listing can effectively constrained the banks risk-taking behavior.We should further increase the banking reform to break the bank monopoly,strictly control the second-class credit levels,and through the issuance of bonds and deposits to effectively reduce banks risk-taking level.