金融脱媒对商业银行稳健性影响的实证研究  

An Empirical Study on Impacts of Financial Disintermediation on the Soundness of Commercial Banks

作　　者：卢盼盼[1] 张长全[1] 

机构地区：[1]安徽财经大学金融学院,安徽蚌埠233030

出　　处：《上海金融》2013年第1期29-33,117,共5页Shanghai Finance

基　　金：国家社会科学基金青年项目"加强金融宏观调控与我国金融安全研究"(批准号:10CJL041)的资助

摘　　要：本文运用我国15家上市商业银行2005-2010年的平衡面板数据,实证研究了金融脱媒对商业银行稳健性的影响。实证结果表明:脱媒校正效应不但化解了资产脱媒对商业银行稳健性的不利影响,而且在一定程度上提高了商业银行稳健性,但其未能完全化解负债脱媒对商业银行稳健性的不利影响;银行规模有效地促进了银行稳健性,而资本杠杆和经营杠杆并不能充分发挥作用,国有银行与非国有银行的稳健性并不存在显著差别。Based on the balanced panel data of China’s 15 listed banks over a period from 2005-2010,this paper provides an empirical study on the impacts of financial disintermediation on the stability of commercial banks.It’s inferred from the empirical results that re-intermediation effects alleviate the negative impacts of asset disintermediation on commercial banks stability and to some extent even improve the stability.Yet the re-intermediation fails to offset fully the negative impacts of liability disintermediation on commercial banks stability.The size of a bank is beneficial to its stability while neither capital nor operating leverage works in this sense.No significant difference in stability is presented between state-owned and non-state-owned banks.

关 键 词：金融脱媒 商业银行稳健性 映射法 脱媒校正效应 

分 类 号：F830.9[经济管理—金融学]