中小银行合并重组能缓解地方债务风险吗?——基于118家城商行、农商行数据  

Can the Mergers and Restructuring of Small and Medium-Sized Banks Alleviate the Local Debt Risks?Based on Data from 118 City and Rural Commercial Banks

作　　者：王伟 赵美 翟运晗 WANG Wei;ZHAO Mei;ZHAI Yunhan(School of Finance,Chongqing Technology and Business University,Chongqing,China 400067)

机构地区：[1]重庆工商大学金融学院,重庆400067

出　　处：《金融理论与教学》2024年第6期1-10,53,共11页Financial Theory and Teaching

基　　金：国家社科基金一般项目“风险事件频发背景下中小银行监管效果评估与问责联动机制研究”(21BJY051)。

摘　　要：作为隐含地方政府意图的财务行为,中小银行合并重组能否缓解地方债务风险鲜有关注。基于2009—2021年118家城商行、农商行数据,研究发现,中小银行合并重组能显著降低地方债务风险,在考虑债务累积性特征后依然成立。而且,农商行、稳健性强的银行合并重组,越能抑制地方债务风险,这在房地产依赖度高、大型银行资产占比较高、高风险银行聚集的地区同样成立。其背后的机制在于,中小银行合并重组通过缓解地方政府干预、提升服务实体经济能力来降低地方债务风险。对于从银行端化解地方债务风险和重新认识中小银行合并重组内涵有着启发意义。As a financial behavior that implies the intention of local governments,there is little attention paid to whether the mergers and structuring of small and medium-sized banks can alleviate local debt risks.The research uses data from 118 city and rural commercial banks from 2009 to 2021 to find that the mergers and restructuring of small and medium-sized banks can significantly alleviate local debt risks,and it still holds true after considering the cumulative characteristics of debts.Moreover,the mergers and restructuring of rural commercial banks and robust banks can better curb local debt risks,which is also true in areas with high dependence on real estate,a high proportion of large bank assets and the concentration of high-risk banks.The underlying mechanism is that the mergers and restructuring of small and medium-sized banks reduce local debt risks by easing local government intervention and enhancing their ability to serve the real economy.The research has enlightening significance for defusing local debt risks from the bank side and re-understanding the connotation of mergers and restructuring of small and medium-sized banks.

关 键 词：地方债务风险 中小银行 合并重组 

分 类 号：F832.2[经济管理—金融学]