南方经济
南方經濟
남방경제
South China journal of Economy
2014年
5期
52~68
,共null页
信息不对称 抵押物 消费贷款
信息不對稱 牴押物 消費貸款
신식불대칭 저압물 소비대관
asymmetric information, collateral, consumer credit.
本文基于国内某银行消费贷款业务数据,实证研究了信息不对称条件下抵押物对商业银行消费贷款经营行为的影响。结果表明:(1)抵押物能够显著影响商业银行消费贷款配给行为,提供抵押物的借款人获得的借款额度明显较高,且抵押物配给效果受信息不对称程度影响明显;(2)抵押物与消费贷款违约风险呈现显著的负相关关系,抵押物作用机制中的“客户选择”效应占主导地位;(3)抵押物决定与借款人事前风险评估无明显关联,但与借款人抵押物可获得性高度相关,表明银行业务经营中存在一定程度的抵押物依赖现象。
本文基于國內某銀行消費貸款業務數據,實證研究瞭信息不對稱條件下牴押物對商業銀行消費貸款經營行為的影響。結果錶明:(1)牴押物能夠顯著影響商業銀行消費貸款配給行為,提供牴押物的藉款人穫得的藉款額度明顯較高,且牴押物配給效果受信息不對稱程度影響明顯;(2)牴押物與消費貸款違約風險呈現顯著的負相關關繫,牴押物作用機製中的“客戶選擇”效應佔主導地位;(3)牴押物決定與藉款人事前風險評估無明顯關聯,但與藉款人牴押物可穫得性高度相關,錶明銀行業務經營中存在一定程度的牴押物依賴現象。
본문기우국내모은행소비대관업무수거,실증연구료신식불대칭조건하저압물대상업은행소비대관경영행위적영향。결과표명:(1)저압물능구현저영향상업은행소비대관배급행위,제공저압물적차관인획득적차관액도명현교고,차저압물배급효과수신식불대칭정도영향명현;(2)저압물여소비대관위약풍험정현현저적부상관관계,저압물작용궤제중적“객호선택”효응점주도지위;(3)저압물결정여차관인사전풍험평고무명현관련,단여차관인저압물가획득성고도상관,표명은행업무경영중존재일정정도적저압물의뢰현상。
Using the micro loan data from a commercial bank of China, this paper examines the impact of collateral on consumer credit management behavior under the condition of asymmetric information. The empirical results show that: (1) Collateral does influence the consumer credit rationing behavior, the borrowers pledged collateral obviously obtain more loans, and the rationing effect of collateral is affected seriously by the extent of asymmetric information. (2) Collateral is negatively related to the loan default risk, indicating the " screening device" role of collateral is dominated. (3) The pledge of collateral is not necessarily related to the ex ante risk assessment of the borrower by the bank, but is truly related to the collateral availability of the borrower, also indicating a collateral dependence phenomenon in the consumer credit management behavior.