摘要
资产证券化是指将基础资产通过一定结构设计进行信用增级转化为可交易证券的一种融资方式。为研究资产证券化对银行经营稳定性的影响,选取我国10家上市商业银行2014—2018年的相关数据构建面板模型进行分析。实证结果显示,开展资产证券化业务会增加商业银行破产风险,与其经营稳定性呈负相关。此外,资产证券化业务在降低银行不良贷款率、提高银行的资产流动性上具有显著影响。
Asset securitization is a kind of financing method that transforms the basic assets to trad⁃able securities through a certain structure design for credit enhancement.In order to study the impact of asset securitization on the stability of bank operation,this paper selects the relevant data of 10 listed com⁃mercial banks in China from 2014 to 2018 to build a panel model for analysis.The empirical results show that the development of asset securitization business will increase the bankruptcy risk of commercial banks,which is negatively correlated with their operation stability.In addition,asset securitization busi⁃ness has a significant impact on reducing the non-performing loan ratio and improving the asset liquidity of banks.
作者
宁子豪
王梦
Ning Zihao;Wang Meng(School of Finance,Anhui University of Finance and Economics,Bengbu 233000,China;School of Law,Huazhong University of Science and Technology,Wuhan 430074,China)
出处
《黄山学院学报》
2021年第1期36-41,共6页
Journal of Huangshan University
基金
安徽财经大学研究生科研创新基金项目(ACYC2019132)。
关键词
商业银行
资产证券化
经营稳定性
commercial bank
asset securitization
operation stability
