资本约束对我国商业银行资产负债表影响的实证研究  

Impact of Capital Constraints on Bank Behavior:Empirical Evidence from China

作　　者：刘晓锋[1] 朱大鹏 黄文凡 

机构地区：[1]中国银行风险管理部 [2]延油(北京)投资咨询有限公司 [3]中信证券资本市场部

出　　处：《国际金融研究》2016年第5期61-71,共11页Studies of International Finance

摘　　要：随着资产规模的持续扩张以及资本监管的强化,如何应对资本约束已经成为我国商业银行面临的最紧迫问题。本文利用16家上市银行2000-2014年的面板数据,分析了资本约束对商业银行资产负债表行为的影响,包括资产负债表调整的内容、方向与相对力度。实证结果显示,商业银行在面临资本约束时会同时对资产和资本项进行调整,但是资本项的调整力度要远大于资产规模,而资产结构调整的贡献非常有限;在资产项调整中以贷款资产为主,资本约束将限制贷款总体规模的增长,但是风险权重较低的个人贷款增速反而更快。本文的研究发现,对于理解商业银行行为以及制定监管政策均有重要意义。With the increasing size of the balance sheet and the strength of capital regulation, capital constraint is becoming the most urgent issue of domestic commercial banks. This paper analyzes the balance sheet adjustment behavior under capital constraint using the panel data of the domestic listing banks from 2000 to 2014. It reveals that they adjust the denominator and numerator simultaneously, and rely more on the numerator than the denominator, the asset structure effect is very small. Meanwhile the loan assets account for much of the adjustment in the asset side, and the retail loans grow faster under the capital constraint. These findings will be useful for bank management and regulatory policy making.

关 键 词：资本约束 资产负债表 结构调整 

分 类 号：F831[经济管理—金融学]