影子银行规模对我国商业银行稳定性的影响  

On the Influence of Shadow Bank Scale on the Stability of China’s Commercial Banks

作　　者：李莉莉[1] 刘赛男 卢坤强 石广平 Li Lili;Liu Sainan;Lu Kunqiang;Shi Guangping(Henan University of Economics and Law,Zhengzhou 450064,Henan,China;Zhengzhou University of Science and Technology,Zhengzhou 450064,Henan,China)

机构地区：[1]河南财经政法大学,河南郑州450046 [2]郑州科技学院,河南郑州450064

出　　处：《征信》2022年第12期68-77,共10页Credit Reference

基　　金：国家自然科学基金青年项目(71903048)。

摘　　要：以14家上市商业银行为样本,对宏观经济以及金融运行指标进行测度,建立面板数据模型,分析了影子银行规模及其不同构成对我国商业银行稳定性的影响。实证结果表明,影子银行与银行稳定性呈倒U型关系,即影子银行对商业银行稳定性具有双重效应。同时,影子银行不同构成对银行稳定性的影响具有异质性特征,主要构成部分如银行理财、委托贷款、信托贷款、民间金融均与银行稳定性呈倒U型关系,而未贴现银行票据规模的增长会损害银行稳定性。Taking 14 listed commercial banks as samples,this paper measures the macroeconomic and financial operation indicators,establishes a panel data model,and analyzes the impact of shadow bank scale and its different composition on the stability of China’s commercial banks.The empirical results show that there is an inverted U-shaped relationship between shadow bank and bank stability,that is,shadow bank has dual effects on the stability of commercial banks.Meanwhile,the impact of different components of shadow banking on bank stability is characterized by heterogeneity,with major components such as bank financial management,entrusted loans,trust loans,and private finance all showing an inverted U-shaped relationship with bank stability,while the growth in the size of undiscounted bank bills will damage bank stability.

关 键 词：影子银行 商业银行 稳定性 倒U型关系 

分 类 号：F830[经济管理—金融学]