| 摘要: |
| 现阶段我国资产证券化稳步发展，商业银行广泛开展了信贷资产证券化业务。本文研究信贷资产证券化对商业银行经营稳定性的影响，并使用我国22家商业银行2012－2019年数据进行实证检验。研究发现：整体而言，信贷资产证券化对我国商业银行的经营稳定性产生了负面影响。在分样本的异质性检验中发现，信贷资产证券化有利于提高国有银行经营稳定性，而非国有银行则与之相反。最后，本文从商业银行和监管当局的角度提出相应的政策建议。 |
| 关键词: 信贷资产证券化；商业银行；经营稳定性 |
| DOI： |
| 分类号:F832 |
| 基金项目:国家社会科学基金项目“非金融企业影子银行化对我国金融稳定的影响研究”（18BJY243）。 |
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| The Impact of Credit Asset Securitization on the Operational Stability of Chinese Commercial Bank |
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XIAO Qi，LI Zhuo
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South China University of Technology School of Economics and Finance
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| Abstract: |
| From the perspective of input-output and risk preference，this paper analyzes the relationship between differential supervision and bank operation behavior，and finds that differential supervision can improve the safety of bank operation more than homogeneous supervision.Dealt with mathematically，this paper directly establishes a one-to-one functional relationship between the regulatory measures and the regulatory effect，transforms the binary uncertainty faced by the regulatory authorities into the deterministic results under continuous conditions，which shows that(1)Differentiated supervision measures can help to improve the safety of banks; (2)It should fully consider the differences of different types of commercial banks in asset size，business focus，corporate governance and other aspects，and implement supervision according to different banks. |
| Key words: Credit Asset Securitization;Commercial Banks;Operating Stability |
