国际金融研究
國際金融研究
국제금융연구
Studies of International Finance
2014年
11期
11~22
,共null页
非利息业务 银行盈利 银行风险 净息差 动态面板模型
非利息業務 銀行盈利 銀行風險 淨息差 動態麵闆模型
비이식업무 은행영리 은행풍험 정식차 동태면판모형
Non-interest Income; Bank' s Profitability; Bank' s Risk; Net Interest Margin ; Dynamic Panel Model
本文基于1998—2012年期间中国114家商业银行的微观数据,采用动态面板模型实证检验了发展非利息业务对银行盈利、风险和传统利息收益的影响。本文的研究结论表明:(1)非利息业务水平的提高不能明显提高银行盈利水平;(2)非利息业务水平的提高减少了银行的信用风险和破产风险,并且破产风险的减小主要来源于杠杆风险的减小:(3)非利息业务水平的提高导致了传统存贷业务收益率的降低。由于动态面板模型能够有效捕捉银行盈利、风险的持续性特征,解决逆向因果关系问题,并解决回归中的测量误差和遗漏变量问题.因而.与传统静态模型相比.本文的结论更为可靠.
本文基于1998—2012年期間中國114傢商業銀行的微觀數據,採用動態麵闆模型實證檢驗瞭髮展非利息業務對銀行盈利、風險和傳統利息收益的影響。本文的研究結論錶明:(1)非利息業務水平的提高不能明顯提高銀行盈利水平;(2)非利息業務水平的提高減少瞭銀行的信用風險和破產風險,併且破產風險的減小主要來源于槓桿風險的減小:(3)非利息業務水平的提高導緻瞭傳統存貸業務收益率的降低。由于動態麵闆模型能夠有效捕捉銀行盈利、風險的持續性特徵,解決逆嚮因果關繫問題,併解決迴歸中的測量誤差和遺漏變量問題.因而.與傳統靜態模型相比.本文的結論更為可靠.
본문기우1998—2012년기간중국114가상업은행적미관수거,채용동태면판모형실증검험료발전비이식업무대은행영리、풍험화전통이식수익적영향。본문적연구결론표명:(1)비이식업무수평적제고불능명현제고은행영이수평;(2)비이식업무수평적제고감소료은행적신용풍험화파산풍험,병차파산풍험적감소주요래원우강간풍험적감소:(3)비이식업무수평적제고도치료전통존대업무수익솔적강저。유우동태면판모형능구유효포착은행영리、풍험적지속성특정,해결역향인과관계문제,병해결회귀중적측량오차화유루변량문제.인이.여전통정태모형상비.본문적결론경위가고.
Based on the data from 114 Chinese commercial banks during 1998-2012, we empirically test the effects of non-interest income on banks' profitability, risk and traditional interest income by use of dynamic panel model. Conclusions showed that: (1) increased levels of non-interest business cannot raise bank profitability; (2) increased levels of non-in- terest business reduce banks' credit risk and bankruptcy risk. The reduction of bankruptcy risk mainly comes from the re- duetion in leverage risk; .(3) increased levels of non-interest income leads to reduced yields of traditional interest income. Since dynamic panel model can effectively capture the persistent characteristics of banks' profitability and risk, solve the re- verse causality problem and overcome measurement error and omitted variable problem, the conclusion based on dynamic panel model is more reliable.