上市银行杠杆顺周期性的实证研究

A Study on The Lever Procyclicality of Listed Banks in China

选取14家上市银行的年度数据,并对资产增长率、总资产收益率、流动性等原始指标进行处理,构建了动态面板模型,然后采用系统GMM的方法对动态面板数据模型进行评估,进而对上市银行杠杆顺周期性进行实证研究,并分析相关的影响因素。

This paper selects the annual data of 14 listed banks and constructs a dynamic panel model by dealing with the original index of asset growth rate,total asset return rate and liquidity.And then,we makes an empirical research on the level of leveraging cycle of the bank of our country by evaluating the dynamic panel data model with the method of system GMM.At last,the related influence factors have also been analyzed.