地方银行业集中度对地方性商业银行贷款配置效率的影响研究  

Research on the Effect of Local Banking Concentration on Local Banks' Loan Allocation Efficiency

作　　者：李天时 祝继高 LI Tianshi;ZHU Jigao(School of Accounting,Capital University of Economics and Business;Business School,University of International Business and Economics)

机构地区：[1]首都经济贸易大学会计学院,北京100070 [2]对外经济贸易大学国际商学院,北京100029

出　　处：《金融研究》2023年第9期76-93,共18页Journal of Financial Research

基　　金：国家自然科学基金(72302165、71772037)的资助。

摘　　要：本文分析了地方银行业集中度对地方性商业银行贷款利率和贷款配置效率的影响。研究发现,地方银行业集中度越高,地方性商业银行的贷款利率越高,且这一影响在市场势力较强的地方性商业银行中更显著。进一步研究发现,当地方银行业集中度较高时,地方性商业银行提高贷款利率是合理定价的表现,能够抑制企业的过度投资;当地方银行业集中度较低时,地方性商业银行贷款能够缓解企业的投资不足。上述结果表明,在不同银行业集中度的区域中,地方性商业银行能根据贷款客户特征合理调整贷款利率,提高贷款配置效率。本研究对于进一步认识和评价中国银行业结构,推动金融供给侧结构性改革,具有积极的启示意义。The banking concentration in China has gradually decreased in recent years. According to the Global Financial Development data released by the World Bank, as of 2021, the banking concentration in China is gradually approaching that in the United States, which is far lower than that in Canada, Japan, South Korea, and the United Kingdom. This indicates that the Chinese banking concentration is already at a relatively low level. However, a low concentration of the banking industry may affect the stability of the financial industry. Compared with developed Western countries, the Chinese banking market remains in a stage of continuous development, and there are substantial differences in the operating statuses of different types of commercial banks. Therefore, to deeply explore the development paths of local banks, this article aims to analyze the impact of local banking concentration on local banks' loan allocations, which could provide a theoretical basis for further improving the effectiveness of regulatory policies, as well as the allocation efficiency of local financial resources.Using manually collected data from local banks and data from financial license holders published by the National Financial Regulatory Administration, this article studies the effect of the local banking concentration on local banks' loan allocation efficiency. We find that the higher the local banking concentration, the higher the loan interest rates of urban and rural commercial banks, and this impact is more significant in urban and rural commercial banks subject to stronger rather than weaker market forces. Mechanism tests show that local banks increase loan interest rates because when the local banking concentration is high, local banks have loan customers with high risks. Therefore, raising loan interest rates is a manifestation of local banks' reasonable pricing. Further analysis reveals that when the local banking concentration is high, local bank loans can suppress firms' overinvestment because they tend to increase the loan inte

关 键 词：地方银行业集中度 地方性商业银行 贷款利率 贷款配置效率 

分 类 号：E43[军事—军事理论] G21[文化科学—新闻学] R11[医药卫生—公共卫生与预防医学]