银行资本、盈利能力与风险承担  

Capital,Profitability,and Risk Bearing of Banks

作　　者：陈伟光 潘凤 蔡伟宏 Chen Weiguang;Pan Feng;Cai Weihong(Guangdong Institute for International Strategies,School of Finance,Guangdong University of Foreign Studies,Guangdong,Guangzhou 510006,China;School of Finance,Guangdong University of Foreign Studies,Guangdong,Guangzhou 510006,China)

机构地区：[1]广东外语外贸大学广东国际战略研究院/金融学院,广东广州510006 [2]广东外语外贸大学金融学院,广东广州510006

出　　处：《金融经济学研究》2021年第4期141-160,共20页Financial Economics Research

基　　金：国家社会科学基金重大项目(20&ZD061)。

摘　　要：基于2010—2018年103家中国商业银行的年度面板数据,采用固定效应模型和中介效应检验,实证分析包括资本监管压力、产权比率和资本密集度等在内的银行资本变化引致的商业银行风险承担效应及其作用渠道,结果表明,银行资本结构改善可明显增强其风险承担能力。具体而言,资本监管压力与银行风险呈显著"U"型关系,资产收益率是其影响渠道;产权比率则与银行风险呈现显著的正相关关系,资产收益率发挥的中介效应大小占比为14.97%,资本密集度与银行风险负相关,资产收益率为其影响银行风险的中介渠道,中介效应大小为17.99%。基于此,监管当局需要科学把握监管力度;而银行应在满足监管的前提下,根据自身发展状况,选择最佳融资方式,加快资本投入建设,提高自身盈利水平,最终降低风险水平。Using the annual data of 103 commercial banks in China from 2010 to 2018,this study empirically analyzed the effect and mechanism of action of capital-related variables including regulatory pressure,equity ratio,and capital intensity on the risk bearing of commercial banks.The results showed that improvement of its capital structure can significantly boost a bank’s risk-taking ability.Specifically,capital regulatory pressure and bank risks present a significant U-shaped relationship mediated by the return on assets.The equity ratio is strongly positively related to bank risks,while capital intensity is negatively related to bank risks with the return on assets as the medium.It is thus suggested that regulators exert regulatory pressure on a scientific basis and that commercial banks should choose optimum financial methods to enhance their profitability and ultimately lower their risk levels while meeting regulatory requirements.

关 键 词：资本监管压力 产权比率 资本密集度 资产收益率 银行风险 

分 类 号：F830.33[经济管理—金融学]