农村中小金融机构资本监管与盈利能力——基于风险承担与资产质量的中介效应  

Capital Supervision and Profitability of Rural Small and Medium-sized Financial Institutions:Intermediary Effect of Risk-taking and Asset Quality

作　　者：梁伟森 温思美[1] 余秀江[1] LIANG Weisen;WEN Simei;YU Xiujiang

机构地区：[1]华南农业大学经济管理学院,广州510642

出　　处：《农业技术经济》2022年第9期46-58,共13页Journal of Agrotechnical Economics

基　　金：教育部哲学社会科学研究重大课题攻关项目“新时代乡村振兴战略与‘三农’问题研究”(编号:20JZD031);广东省哲学社会科学“十三五”规划项目“广东省农村金融助力精准扶贫问题研究——金融资本传导视角”(编号:GD17CYJ05);广东省哲学社会科学“十三五”规划2020年学科共建项目“食品安全标准对中国进口畜产品质量的影响效应及优化策略”(编号:GD20XLJ02);广州市哲学社科规划2020年度课题“贸易自由化会提升中国出口农产品质量吗:事实、机理与对策”(编号:2020GZGJ74)。

摘　　要：鉴于农村中小金融机构整体盈利性不足,考虑银行资本对利润侵蚀和创造的作用路径,本文构建资本监管影响银行盈利能力的计量模型,选取全国94家农村中小银行2014—2019年面板数据进行实证研究。结果表明,农村中小金融机构资本监管对其盈利能力具有显著影响,较高的资本缓冲降低了银行的经营绩效。村镇银行的资本储备抑制了利润增长,其风险承担存在主要中介效应;农商行则具有异质性,资本储备的利润创造效应大于侵蚀效应,其资产质量存在部分中介效应。此外,资本监管对农村中小银行盈利性的影响具有经营地域、资产规模和支农服务的异质性。In view of the lack of overall profitability of rural small and medium-sized financial institutions,considering the role of bank capital on profit erosion and creation,the paper constructs a measurement model of capital supervision affecting the profitability of banks,and selects the panel data of 94 rural small and medium-sized banks from 2014 to 2019 for empirical research.The results show that the capital supervision of rural small and medium-sized financial institutions has a significant impact on their profitability,and their high capital buffer reduces the operating performance.For village banks,capital reserve inhibits the growth of profits,and their risk-taking has a major intermediary effect.However,the rural commercial banks are heterogeneous,the profit creation effect of their capital reserve is greater than the erosion effect,and there is a partial intermediary effect on the asset quality.In addition,the impact of capital supervision on the profitability of rural small and medium-sized banks has heterogeneity in operating regions,asset scales,and agricultural services.

关 键 词：农村中小金融机构 资本监管 盈利能力 风险承担 资产质量 

分 类 号：F832.35[经济管理—金融学] F272.3