我国上市银行资本缓冲的周期效应研究——基于动态面板数据模型的经验分析  

The Cyclic Effect of Chinese Listed Banks' Capital Buffer——Based on the Empirical Analysis of the Dynamic Panel Data Model

作　　者：卓荣康[1] 张亮旭[1] 刘志军[1] 

机构地区：[1]兰州商学院金融学院,甘肃兰州730020

出　　处：《西安石油大学学报（社会科学版）》2013年第5期37-44,共8页Journal of Xi’an Shiyou University:Social Science Edition

基　　金：甘肃省高校研究生导师科研项目(1105-04)

摘　　要：通过利用2000—2012年我国上市银行的非平衡面板数据对上市银行资本缓冲与经济周期和股市周期的关系进行实证分析后发现:我国上市银行资本缓冲具有显著的逆经济周期性和逆股市周期性;我国银行资本水平的高低对资本缓冲有显著的影响;我国股市会通过银行信贷对银行资本缓冲造成影响;我国所有制结构和规模的差异会影响银行资本缓冲的周期行为。By using an unbalanced panel data from 2000 to 2012 of Chinese listed banks, the relationship between the listed bankst capital buffer, the cycle of economy and the stock market is analyzed empirically. It is shown that. Chinese listed banks＂ capital buffer had a significant counter cyclical effect on economic and stock market. The level of Chinese hanks＇capital had a significant impact on the capital buffer. The stock market will affect the bank＇s capital buffer by bank credit. The ownership structure and size difference of banks will influence the cyclic effect of capital buffer.

关 键 词：上市银行 资本缓冲 周期效应 股市 GMM估计 

分 类 号：F830.3[经济管理—金融学]