经济问题
經濟問題
경제문제
On Economic Problems
2015年
9期
7-11,17
,共6页
商业银行%流动性风险约束%资本结构
商業銀行%流動性風險約束%資本結構
상업은행%류동성풍험약속%자본결구
commercial bank%liquidity risk constraint%capital structure
基于11家商业银行2004~2013年的面板数据,构建了流动性风险约束下商业银行资本结构变化的动态面板联立系统,证实了流动性风险约束对商业银行资本结构调整的时间效应,在流动性风险约束与商业银行资本结构间存在着相互动态作用机制. 应对流动性风险冲击,要求商业银行的资本调整在短期内应当侧重于对当期流动性风险约束的调整,而长期内应加强对流动性风险约束时滞效应的调整.
基于11傢商業銀行2004~2013年的麵闆數據,構建瞭流動性風險約束下商業銀行資本結構變化的動態麵闆聯立繫統,證實瞭流動性風險約束對商業銀行資本結構調整的時間效應,在流動性風險約束與商業銀行資本結構間存在著相互動態作用機製. 應對流動性風險遲擊,要求商業銀行的資本調整在短期內應噹側重于對噹期流動性風險約束的調整,而長期內應加彊對流動性風險約束時滯效應的調整.
기우11가상업은행2004~2013년적면판수거,구건료류동성풍험약속하상업은행자본결구변화적동태면판련립계통,증실료류동성풍험약속대상업은행자본결구조정적시간효응,재류동성풍험약속여상업은행자본결구간존재착상호동태작용궤제. 응대류동성풍험충격,요구상업은행적자본조정재단기내응당측중우대당기류동성풍험약속적조정,이장기내응가강대류동성풍험약속시체효응적조정.
Based on 11 commercial banks 2004~2013 panel data, this article constructed the panel simultane-ous system on the liquidity risk constraint and the capital structure of China commercial banks.The article has con-firmed that the liquidity risk constraint has time effect on the commercial banks capital structure adjustment mecha-nism, there is a dynamic interaction mechanism in the capital structure and the liquidity risk constraint of the com-mercial banks.On dealing with the liquidity risk shock,commercial banks should adjust its capital structure mainly focus on the current liquidity risk constraints within the short time period, while strengthen the time lag adjustment during the long counterpart.
