联系我们

论文查询结果	返回搜索

论文编号：	5460
作者编号：	2120112443
上传时间：	2013/6/8 13:16:58
中文题目：	我国商业银行资本约束对其资产配置的影响研究
英文题目：	Research on the Impact of Capital Constrain on the Asset Allocation of Commercial Banks in China
指导老师：	王曼舒
中文关键字：	商业银行,资本约束,资产配置
英文关键字：	Commercial bank, Capital constraints, Asset allocation
中文摘要：	自从1988年第一版《巴塞尔协议》颁布以来，资本充足水平开始成为银行业和监管当局最为关注的指标。随着银行经营复杂性的增加以及金融危机中暴露出的种种制度安排问题，《巴塞尔协议》也逐渐完善并有了更丰富的内涵。我国为顺应国际化的竞争和挑战也提出了更为严格的资本监管标准。与此同时，我国商业银行也在经历着资产的高速增长期。我国的资本监管效果如何，最低的资本要求对我国商业银行的资产配置有何影响一直是热议的话题。本文旨在找到资本约束与资产配置之间存在内在的联系，为我国商业银行资本的优化、资产配置的完善提出可以遵循的规律和建议。 本文首先梳理了三版《巴塞尔协议》的演进、国内外的相关文献和理论，接着对我国商业银行资本约束和资产配置的现状进行了分析，然后通过实证研究，探讨了我国78家商业银行的资本水平对其资产配置产生的影响。本文的研究内容共分为五个部分：第一部分绪论。第二部分文献综述和相关的理论分析。第三部分是我国商业银行现状的描述，首先是我国资本监管政策的演变，接着结合具体数据呈现出我国现阶段的资产状况及资本配置状况。第四部分是对我国商业银行的资本约束对其资产配置行为的影响做具体的实证分析，具体包括数据描述、提出变量，通过使用我国78家商业银行的面板数据，建立合理的模型，做实证研究。通过软件分析，得出实证研究结果，并对结果做出具体的分析和解读。第五部分是研究结论，并对我国商业银行今后的资本管理和资产配置行为提出相应的建议。 实证结果表明，2004-2006年，我国银监会虽然已经颁布了《商业银行资本充足率管理办法》，但是这项政策并未马上取得成效，这一时期资本监管并未起到硬约束作用，对资产配置未产生明显效果。但是2007-2011年，多项衡量资本水平的指标与贷款增长率显著正相关，说明资本约束开始对资产配置行为起到了明显的控制作用。本文进一步对银行进行了分组，结果表明近五年来，我国的资本约束对于国有及股份制商业银行的资产配置有显著的正向影响，但是对于城市及农村商业银行并未形成约束。最后，本文就未来我国商业银行如何完善资本管理、优化资产配置提出了对策。
英文摘要：	Since the announcement of the first edition of “Basel Capital Accord” in 1988, the level of capital adequacy has been the most important indicator in the banking system and been taken seriously by the regulatory authority. With the increase of bank management complexity as well as the financial crisis, many problems about system arrangement exposed, therefore “Basel Capital Accord” gradually improved and had a richer content. In order to comply with international competition and challenges, China also proposed a more stringent regulatory capital standards. At the same time, commercial banks in China are also experiencing a period of rapid growth of the assets. What is the effect of regulation and what is the relationship between the minimum capital requirements and asset allocation have become hot topics. The study is to investigate the inherent linkages between capital constraints and asset allocation, and put forward the proposal on the optimization of the capital of China's commercial banks and perfection of asset allocation. Firstly, the article combed the evolution of the three editions of the " Basel Capital Accord " as well as the domestic and foreign literature and theory, and then analyzed the status quo of capital constraints and asset allocation of Chinese commercial banks. The article explores the impact of capital constrain on the asset allocation of our country's 78 commercial banks through the empirical research. The article is divided into five parts: the first part is the introduction. The second part is the literature review and theoretical analysis. The third part is a description of the status quo of Chinese commercial banks including the evolution of the regulatory policies of capital in China, and the condition of the assets and capital allocation status of our country at this stage combined with specific data. The fourth part is the empirical analysis on the impact of Chinese commercial banks' capital constraints on their asset allocation. This part includes data description, proposing variables, establishing a reasonable model and doing empirical research by using the panel data of Chinese 78 commercial banks. At last the article makes a specific analysis and interpretation of the result. The fifth part is the summary and suggestion. The empirical results show that China Banking Regulatory Commission had promulgated the "Measures for the Administration of the capital adequacy ratio of commercial banks" in 2004, but from 2004 to 2006, this policy was not immediately effective. Capital regulation in this period did not play the role as hard constraints and had no significant effect. But from 2007 to 2011, a number of indicators that measure the level of capital significantly positively related to loan growth, that is to say capital constraints has played a significant role in controlling the asset allocation. This paper also divides the banks into two groups and provides the evidence that in the past five years, capital constraints have a significantly positive impact on the asset allocation of state-owned and joint-stock commercial banks, but do not form a constraint on the urban and rural commercial banks. Finally, the article proposed countermeasures on how to improve capital management and optimize asset allocation in the future.
查看全文：	预览  下载(下载需要进行登录)