摘要
基于中国银行业微观数据,运用动态面板系统GMM模型,从资产负债表表内和表外两个角度,研究银行竞争对银行风险的影响及影响渠道,结果表明,从表内来看,银行竞争通过净息差的降低增加了银行风险,遵从传统的"竞争—脆弱"理论;从表外来看,银行竞争通过增加非利息收入降低了银行风险,遵从传统的"竞争—稳定"理论;表外非利息收入的提高是降低银行风险的主要机制。这意味着银行综合化经营不但是银行服务实体经济的要求,而且是降低银行风险的必然选择。因此,银行综合化经营在发挥协同效应和实现范围经济的同时,需要着重提升银行特色化发展及差异化经营的能力。
Based on the micro-data of China’s banking industry,this study used a Generalized Method of Moments dynamic panel system to investigate the effect of competition on banking risks and the channels of such an effect from both the on-balance sheet and off-balance sheet perspectives.Results show that,on the balance sheet,banking competition increases banking risks by reducing the net interest margin,in line with the traditional "competition fragility" theory.From the off-balance sheet perspective,banking competition reduces bank risk by increasing non-interest income,in line with the traditional "competition stability" theory.The increase in off-balance sheet non-interest income is the main mechanism for reducing banking risks.This indicates that the integrated operation of banks is not only a requirement for the real economy of banking services,but also an inevitable choice for reducing banking risks.Therefore,while the integrated operation of banks has a synergistic effect and realizes economies of scope,we must focus on improving the abilities of characterization development and differentiated operations.
作者
周凡
Zhou Fan(School of Banking & Finance, University of International Business and Economics,Beijing, 100029 ,China)
出处
《金融经济学研究》
CSSCI
北大核心
2019年第1期121-137,共17页
Financial Economics Research
基金
对外经济贸易大学国内外联合培养研究生项目资助
关键词
银行竞争
净息差
非利息收入
银行风险
banking competition
net interest margin
non-interest income
banking risk
