下调存款准备金率对商业银行股价的影响研究  

On the Influence of Cutting Down the Deposit Reserve Ratio on the Stock Prices of Commercial Banks

作　　者：许雅妮[1] 

机构地区：[1]福州大学管理学院,福建福州350108

出　　处：《常州大学学报（社会科学版）》2013年第3期41-44,共4页Journal of Changzhou University:Social Science Edition

摘　　要：中国人民银行自2011年以来3次下调存款准备金率,表明了货币政策的转向,其目的在于防止经济的过快下滑。同时,存款准备金率下调会对商业银行的经营管理、盈利能力以及股票收益率产生一定的影响。文章收集了5家大型商业银行和7家全国性股份制商业银行的股票日收益率数据,运用事件研究法来研究下调存款准备金率宣布前后对商业银行股价的影响,结果表明,除了第一次存款准备金率下调对商业银行股价具有较大的影响,其他两次影响并不明显。The three times of central bank cutting down the deposit reserve ratio means the transtorm of monetary policy, which may prevent the rapid decline of the economy. Cutting down the deposit reserve ratio will affect the operation and management, profitability and stock returns of commercial hanks. This paper collects the stock data of five large commercial banks and seven joint - stock commercial banks and studies the influence of cutting down the deposit reserve ratio on the stock prices of commercial banks by event study methodology. The result shows that the first time of cutting down the deposit reserve ratio has a more significant impact on the stock prices of commer- cial banks than the second and the third time of that.

关 键 词：存款准备金率 商业银行 股票收益率 事件研究法 

分 类 号：B830.91[哲学宗教—美学]