影子银行风险传染机理及测度研究  

The Study on Risk Contagion Mechanism of Shadow Banking and Measures

作　　者：陈永明[1] 张海应[1] 杨正荣[1] 李双红[1] 张武浩[1] 

机构地区：[1]中国人民银行庆阳市中心支行

出　　处：《西部金融》2016年第7期63-68,76,共7页West China Finance

摘　　要：影子银行在对正规金融进行补充的同时,也为金融体系的健康发展带来了风险。为了测度出庆阳市商业银行、小贷公司与担保公司的系统性风险程度、影响力系数及感应度系数,本文结合风险估测模型中的矩阵模型与马尔可夫过程,构建风险传染矩阵模型,利用甘肃省庆阳市实证数据,进行了实证检验。最后提出了规范影子银行发展的对策建议。Corporate social responsibility （CSR） is that the enterprise must abandon the idea that the profit is the only goal of thedevelopment in the process of production and management, and should bear the corresponding responsibility for the stakeholders. Thepaper reviews the domestic and foreign literatures about the relationship between CSR and financing constraints of corporate, andobtains the data from 225 survey samples by questionnaire. On the basis ofexploratory factor analysis, reliability and validity analysis,using correlation analysis, variance analysis, regression analysis, the paper makes an empirical study on the relationship between CSRperformance and financing constraints. The results show that CSR performance and financing constraints are highly correlated, thebetter CSR performance, the lower the degree of financing constraints, in particular, environmental responsibility, shareholderresponsibility and consumer responsibility place the greatest impact on financing constraints. In addition, enterprise scale has nosignificant impact on financing constraints, the nature of ownership and financing constraints are significantly correlated, andstate-owned enterprises financing constraints are far less than private enterprises. Therefore, enterprises should enhance CSRawareness, and improve the ability and skills to fulfill CSR. The government should strengthen the supervision and guidance ofthebehavior of CSR, and increase the financial support for private enterprises.

关 键 词：影子银行 风险 传染及测度 

分 类 号：F830.92[经济管理—金融学]