Purpose:udThis study aims to test the impacts of risk-taking behaviour, competition and cost efficiency on bank profitability in China.ududDesign/methodology/approach:udA two-step generalized method of moments system estimator is used to examine the impacts of risk, competition and cost efficiency on profitability of a sample of Chinese commercial banks over the period 2003-2013.ududFindings:udThe paper finds that credit risk, liquidity risk, capital risk, security risk and insolvency risk significantly influence the profitability of Chinese commercial banks. To be more specific, credit risk is significantly and negatively related to bank profitability; liquidity risk is significantly and positively related to return on assets (ROA) and net interest margin (NIM) but negatively related to return on equity (ROE); capital risk has a significant and negative impact on ROA and NIM but a positive impact on ROE; there is a significant and negative impact of security risk on bank profitability (ROA and NIM). It is found that Chinese commercial banks with higher levels of insolvency risk have higher profitability (ROA and ROE). Finally, higher competition leads to lower profitability in the Chinese banking industry, and Chinese commercial banks with higher levels of cost efficiency have lower ROA. In other words, the structure–conduct–performance paradigm rather than the efficient–structure paradigm holds in the Chinese banking industry.ududOriginality/value:udThis is the first paper to investigate the impact of different types of risk, including credit risk, liquidity risk, capital risk, security risk and insolvency risk, on bank profitability. This is the first study which uses more accurate measurements of efficiency and competition compared to previous Chinese banking profitability literature and which tests their impact on bank profitability. The findings not only provide a general picture on the risk, efficiency and competition conditions in the Chinese banking industry, but also give valuable information to the Chinese Government and to the banking regulatory authorities to make relevant policies.
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机译：目的： ud本研究旨在检验冒险行为，竞争和成本效率对中国银行盈利能力的影响。 ud ud设计/方法/方法： ud采用两步广义矩量法估算系统风险，竞争和成本效率对2003-2013年间中国商业银行样本盈利能力的影响。 ud ud结果： ud本文发现信用风险，流动性风险，资本风险，安全风险和破产风险显着影响中国商业银行的盈利能力。更具体地说，信用风险与银行盈利能力显着负相关；流动性风险与资产回报率（ROA）和净利息收益率（NIM）显着正相关，但与股本回报率（ROE）负相关；资本风险对净资产收益率和净资产收益有重大和负面影响，但对净资产收益率有正面影响；安全风险对银行的获利能力（ROA和NIM）有重大的负面影响。发现具有较高破产风险水平的中国商业银行具有较高的盈利能力（ROA和ROE）。最后，竞争加剧会导致中国银行业的利润率下降，而具有较高成本效率水平的中国商业银行的ROA就会降低。换句话说，在中国银行业中，结构，行为，绩效范式而非有效的结构范式适用。 ud ud原始性/价值： ud这是第一篇研究包括信用卡在内的各种风险类型的影响的论文。风险，流动性风险，资本风险，安全风险和破产风险，影响银行的盈利能力。这是第一项研究，与以往的中国银行业盈利能力文献相比，它使用了更为准确的效率和竞争性衡量指标，并测试了它们对银行盈利能力的影响。这些发现不仅提供了有关中国银行业风险，效率和竞争状况的概况，而且还为中国政府和银行监管当局制定相关政策提供了有价值的信息。
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