利率市场化与银行风险承担行为实证研究  

An Empirical Study on Interest Rate Liberalization and Commercial Banks' Risk Taking Preference

作　　者：邢学艳[1] 吕思聪[2] 

机构地区：[1]上海师范大学商学院,上海200234 [2]复旦大学经济学院,上海200433

出　　处：《技术经济与管理研究》2017年第8期74-78,共5页Journal of Technical Economics & Management

基　　金：国家自然科学基金项目(71471117)

摘　　要：文章主要探讨存款市场竞争作用于银行风险承担的影响机制。通过实证研究得出结论:第一,随着我国存款利率管制逐步放开,银行资金成本上升压力不断增强,银行的总体风险偏好上移。第二,银行业在贷款市场整体呈现出"利润边际效应"大于"风险转移效应"。下调贷款利率虽然降低了银行的信用风险,但是却侵蚀其利润水平,迫使银行选择更高风险的投资机会。第三,混业经营环境下不同业务之间金融监控的缺乏也会导致银行风险水平上升。第四,在存款利率上浮及上限取消的过程中,资金成本的上升对于大银行风险承担的影响更加显著。The articles analyzes how the more intense competition in deposit market cause higher risk-taking preference of banks. Empirical results show that： firstly, during the process of deposit interest rates deregulation, rising liability cost increase commercial banks＂ risk-taking behavior. Secondly, on the loan market, we find that ＂profit margin effect＂ is dominant compared to ＂risk transfer effect＂ because of price competition. Thirdly, the lack of comprehensive regulation under universal banking environments also causes higher risk-taking preference of large banks. At last, compared with small banks, large commercial banks present much higher risk- taking preference while regulators increase and scrap deposit interest rate ceilings.

关 键 词：利率市场化 负债成本 银行风险 风险承担 

分 类 号：F830.5[经济管理—金融学]