| 摘要: |
| 本文在对商业银行资产配置进行理论分析的基础上，构建利率市场化对商业银行 资产配置影响的实证模型，利用45家商业银行2003-2014年的面板数据进行实证检验，实证结 果表明：利率市场化对信贷资产的增长没有产生激励效应，商业银行并未在利率市场化进程中 加速信贷扩张；利率市场化对商业银行资产配置结构产生了显著影响，随着利率市场化程度的 加深，信贷资产和证券资产在总资产中的占比都增大；利率市场化对信贷资产内部配置结构也 产生了显著影响，促进零售信贷资产占比提升，而对公司信贷资产占比和前十大客户信贷资产 占比的影响为负，这验证了在利率市场化的推进过程中，商业银行将信贷资源向个人客户和中 小企业客户倾斜，利率市场化发挥了一定的积极效应。 |
| 关键词: 利率市场化；商业银行；资产配置 |
| DOI： |
| 分类号:F832.0 |
| 基金项目: |
|
| Interest Rate Liberalization and Bank Assets Allocation—Analysis on the Panel Data from 45 Commercial Banks |
|
Wang Shujun、Huang Yuhan
|
|
Hunan Asset Management Co., Ltd.，School of Finance and Statistics, Hunan University
|
| Abstract: |
| In this paper, on the basis of theoretical analysis on commercial bank assets allocation, we construct an empirical model of the impact of interest rate liberalization on asset allocation of commercial banks, using panel data of 45 commercial banks in 2003-2014. The empirical results show that interest rate liberalization has no incentive effect on the growth of loan assets, and the commercial banks are not accelerating the loan expansion in the process of interest rate liberalization. The interest rate liberalization has significant influence on the asset allocation structure of commercial banks that the ratios of loan assets and securities to toal assets both increase with the deepening of interest rate liberalization. Also, interest rate liberalization affects the internal structure of loan allocation significantly, promoting the ratio increase of retail loan assets but affecting the ratios of enterprise loans and loan assets of top ten customers negatively, which proves that interest rate liberalization plays positive effect on commercial banks' credit resources preference to individual customers and small and medium enterprises. |
| Key words: Interest Rate Liberalization；Commercial Bank；Asset Allocation |
