去产能政策效应、金融生态治理效应与银行资产质量——基于省际面板数据的双重差分模型研究  

The Effect of Cutting Overcapacity Policy, the Performance of Financial Ecological Environment Governance and Asset Quality of Banks: A DID Model Research Based on Provincial Panel Data

作　　者：唐安宝[1] 周杰 TANG Anbao;ZHOU Jie(College of Management,China University of Mining and Technology,Xuzhou Jiangsu 221116,China)

机构地区：[1]中国矿业大学管理学院

出　　处：《生态经济》2018年第8期92-99,共8页Ecological Economy

基　　金：江苏省高校哲学社会科学研究基金项目“新常态下江苏经济动力结构调整”(2015SJD429)

摘　　要：基于双重差分模型的政策效应分析可知,在考察期内去产能政策对降低行业过剩产能有一定效果,对银行资产质量存在负向政策冲击效应,但仅显著存在于焦炭和生铁行业。在等权重原则下构建区域金融生态指数,并以金融生态为控制变量,研究得出金融生态弱化了去产能强度与银行不良贷款率之间的正相关性,其中,经济环境指数与金融环境指数的弱化作用更为显著。在控制银行特征变量下,去产能对银行资产质量的政策效应进一步减弱。由此,从内外部治理因素层面为有效降低去产能导致的银行不良贷款短期脉冲式反弹风险提供依据。The policy effect analysis based on the DID model presented that cutting overcapacity policy could reduce the excess capacity of the industry to some extent during the inspection period, and the negative policy impact on the quality of bank assets exists, but only evidently in coke and pig iron industry. First, it constructs a regional financial ecological index according to the principle of equal weight. Then, the financial ecological environment weakened the positive correlation between capacity intensification intensity and bank non-performing loan ratio under the control of the financial ecological environment variables. Economic and financial environment index played a remarkable governance role in policy shock effect. Finally, the policy effect of cutting overcapacity on the quality of bank assets was further weakened after controlling bank characteristic variables. From the level of internal and external governance factors, this paper provided a basis for effectively reducing the short-term impulse rebound risk of bank non-performing loans caused by addressing overcapacity.

关 键 词：去产能强度指数 金融生态环境 银行资产质量 政策效应 双重差分模型 

分 类 号：F832[经济管理—金融学]