银行业集中度、间接融资比例和银行脆弱性——基于1990～2008年跨国数据的实证研究  

Banking Concentration,Indirect Financing Ratio and Banking Fragility Based on an Empirical Analysis of Multinational Data from 1990 to 2008

作　　者：钱雪松[1] 袁梦婷[1] 

机构地区：[1]华中科技大学经济学院,湖北武汉430074

出　　处：《中南财经政法大学学报》2012年第4期48-53,106,共7页Journal of Zhongnan University of Economics and Law

基　　金：国家自然科学基金资助项目"基于融资歧视和内部人控制的企业内外部资本配置研究"(71003035);华中科技大学自主创新研究基金一般项目"融资歧视和企业资本配置研究"(2010AW024)

摘　　要：本文基于1990～2008年跨国分组数据,运用面板Logit模型实证考察了金融结构因素对银行业脆弱性的影响。分析表明,一方面,间接融资比例越高,银行体系越脆弱;另一方面,银行业集中度的影响因地而异:在高收入和低收入国家,银行业集中度降低有利于银行体系稳健性上升;在中等收入国家,银行业集中度上升有利于银行脆弱性降低。因此,从金融结构着眼,有效提升银行稳健性的途径有两个:其一,促进融资渠道多元化,避免过度依赖间接融资,其二,各国根据自身发展水平构建合理银行业结构。This paper uses the panel logit model to investigate influences of financial structures on the fragility of banking systems based on multinational data from 1990 to 2008.The empirical results indicate that the higher the indirect financing ratio,the more fragile the banking system,and the impact of bank concentration varies in different countries: in countries with high or low income,the bigger the bank concentration,the more fragile the banking system,but in those medium-income countries the effect of bank concentration is opposite.In order to reinforce the robustness of the banking system,the policy implications from the perspective of financial structure are obvious.Firstly,we must promote the development of direct finance and avoid the overdependence on the indirect finance.Secondly,we should construct the appropriate banking structure based on the development level.

关 键 词：银行脆弱性 银行业集中度 融资结构 面板Logit模型 

分 类 号：F830.3[经济管理—金融学]