发展非利息业务对银行有益吗？--基于中国银行业的实证分析  

Is Non-interest Business Beneficial to Banks?——Empirical Analysis Based on China's Banking Sector

作　　者：李明辉[1] 刘莉亚[1] 孙莎[1] 

机构地区：[1]上海财经大学金融学院

出　　处：《国际金融研究》2014年第11期11-22,共12页Studies of International Finance

基　　金：国家自然科学基金2012年一般项目(基金编号:71273163);上海市哲学社会科学2012年规划项目(基金编号:2012BJB011);教育部2011年新世纪人才支持计划项目;上海财经大学研究生挑战杯项目资助

摘　　要：本文基于1998-2012年期间中国114家商业银行的微观数据,采用动态面板模型实证检验了发展非利息业务对银行盈利、风险和传统利息收益的影响。本文的研究结论表明:(1)非利息业务水平的提高不能明显提高银行盈利水平;(2)非利息业务水平的提高减少了银行的信用风险和破产风险,并且破产风险的减小主要来源于杠杆风险的减小;(3)非利息业务水平的提高导致了传统存贷业务收益率的降低。由于动态面板模型能够有效捕捉银行盈利、风险的持续性特征,解决逆向因果关系问题,并解决回归中的测量误差和遗漏变量问题,因而,与传统静态模型相比,本文的结论更为可靠。Based on the data from 114 Chinese commercial banks during 1998-2012, we empirically test the effects of non-interest income on banks＇ profitability, risk and traditional interest income by use of dynamic panel model. Conclusions showed that： （1） increased levels of non-interest business cannot raise bank profitability; （2） increased levels of non-in- terest business reduce banks＇ credit risk and bankruptcy risk. The reduction of bankruptcy risk mainly comes from the re- duetion in leverage risk; .（3） increased levels of non-interest income leads to reduced yields of traditional interest income. Since dynamic panel model can effectively capture the persistent characteristics of banks＇ profitability and risk, solve the re- verse causality problem and overcome measurement error and omitted variable problem, the conclusion based on dynamic panel model is more reliable.

关 键 词：非利息业务 银行盈利 银行风险 净息差 动态面板模型 

分 类 号：F831[经济管理—金融学]