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Effect of capital constraints on risk preference behavior of commercial banks

机译:资本约束对商业银行风险偏好行为的影响

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Purpose-The purpose of this paper is to analyze how the financial supervision authority utilizes the restrictions of capital constraints imposing on commercial banks the need to develop the macro economy.Design/methodology/approach-This paper uses multilateral game to deduce the loan characteristics of banks,vector and void coordinates to analyze the behavior choices of banks under capital supervision,sets up an index to describe the risk preference of banks,and analyzes the process with Chinese data empirically.Findings-This paper finds big banks have a loan preference for big enterprises and small banks have a preference for establishing a bank syndicate to pursue large projects.Further,the paper notes the conditions by which the heterology banks choose loans across the border and proves that changes of capital requirements would force the credit structure of the commercial banks to adjust along an efficient frontier broken line or an efficient frontier plane under the conditions of interest rate regulation or interest rate marketization,respectively.Research limitations/implications-It is very complex to describe the choices of risk behavior of banks and the simple supervision method needs to be adjusted.Practical implications-This paper finds that banks show risk preferences of credit structure,and capital constraints would affect it greatly;regulators should guard against capital constraint softening.Originality/value-It is the first time that the conditions of banks beyond the loan border have been studied and the behavior adjustment of banks using the vector and void coordinate analyzed.
机译:目的-本文的目的是分析金融监管机构如何利用资本约束的约束,强加给商业银行发展宏观经济的需要。设计/方法论/方法-本文利用多边博弈来推导金融机构的贷款特征。银行,向量和无效坐标来分析在资本监督下银行的行为选择,建立一个描述银行风险偏好的指标,并用中国的数据对这一过程进行实证分析。大型企业和小型银行都倾向于建立一个银行集团来从事大型项目。此外,本文还指出了异质性银行跨境选择贷款的条件,并证明资本要求的变化将迫使商业银行的信贷结构。银行在以下条件下沿着有效边界折线或有效边界平面进行调整研究的局限性/意义-描述银行的风险行为选择非常复杂,需要对简单的监管方法进行调整。实际意义-本文发现银行表现出对风险的偏好。信贷结构和资本约束将对其产生重大影响;监管机构应防止资本约束软化。原始性/价值-这是首次研究贷款边界以外的银行状况,并首次使用向量和空坐标分析。

著录项

  • 来源
    《中国金融评论(英文版)》 |2011年第2期|168-186|共19页
  • 作者

    Li Ma; Junxun Dai; Xian Huang;

  • 作者单位

    Department of Finance, Wuhan University, Wuhan, China;

    Department of Finance, Wuhan University, Wuhan, China;

    Department of Finance, Wuhan University, Wuhan, China;

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  • 正文语种 eng
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  • 入库时间 2022-08-19 04:10:56
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