摘要
基于2003～2013年我国银行业年度数据和系统GMM模型，本文对银行信贷行为的周期性特征及政府股权对这种周期性特征的影响进行分析后得出结论：一方面，我国银行信贷行为整体呈逆周期性，体现我国政府对银行业的高度干预特点；另一方面，政府股权对信贷行为周期性特征的影响是异质，即政府直接持股会强化银行信贷的逆周期性，非政府直接持股银行则表现出较弱的顺周期特征。
Based on the annual data of 2003 - 2013 and System GMM model, this paper analyzes the Cyelicality of Bank＇s Lending Behavior as well as the impact of govemment ownership on this cyclical behavior. The results reveals, on the one hand, bank＇s lending behavior of China is eountercyelical, which indicates high levels of government intervention in banking industry, and on the other, the lending behavior of government owned banks is significantly countercyelical while non -government owned banks suggests mild procyclieality.
出处
《经济体制改革》
CSSCI
北大核心
2016年第1期162-166,共5页
Reform of Economic System
关键词
银行信贷
逆周期性
政府股权
系统GMM模型
bank＇s lending
connterclicality
government ownership
system GMM model
