资产证券化与银行资产流动性、盈利水平及风险水平  

Asset Securitization and the Liquidity,Profitability and Risks of Banks

作　　者：刘琪林[1] 李富有[1] 

机构地区：[1]西安交通大学经济与金融学院

出　　处：《金融论坛》2013年第5期35-44,共10页Finance Forum

基　　金：国家社会科学基金重大项目<民间资本供求风险防范及其健康发展>(12&ZD071)

摘　　要：本文探讨了资产证券化与银行资产流动性、盈利水平及风险水平之间的关系。对于资产规模较小的银行,资产证券化程度越高,则该类银行的盈利水平越高;而对于资产规模较大的银行,资产证券化程度越高,银行的盈利水平反而降低。由于资产证券化可以显著提高各类资产规模银行的资产流动性,在实施资产证券化后,银行在通常情况下将同时减少流动资产的比例,资产证券化程度越高,则银行的流动性资产比率下降越快。但对于资产规模较大的银行,资产证券化程度越高,则银行的风险水平会较高,而对于资产规模较小的银行,资产证券化程度越高,则可有效降低其风险水平。This paper researches the relationship between the asset securitization and the level of the liquidity, profitability and risks of banks. For the banks that have small size of assets, the higher the degree of asset seeuritization is, the higher the level of the profitability. For the banks that have large size of assets, the higher the degree of asset securitization is, the lower the level of the profitability. As the asset securitization can significantly improve the assets liquidity of the banks that have different sizes of assets, usually the banks will reduce the proportion of the liquid assets after the asset securitization, and the higher the degree of the asset securitization is, the faster the proportion of the liquidity assets is reduced. For the banks that have large size of assets, however, the higher the degree of the asset securitization is, the higher the level of the risks. For the banks that have small size of assets, the rise in the degree of the asset securitization will effectively result in the reduction in the level of risks.

关 键 词：资产证券化 商业银行 经营管理 盈利性、 流动性、 安全性 

分 类 号：F832.51[经济管理—金融学] F832.3