| 摘要: |
| 本文将银行绩效考核激励特征及其影响效应纳入到资产负债行为分析的理论框架，深入研究绩效考核棘轮效应、资产负债行为变化与银行杠杆及风险水平之间的关系，并基于国内21家商业银行的样本数据进行计量检验。研究结果表明：银行资产规模随绩效考核强度的增加而扩张，且扩张速度快于其利润增长的速度，产生银行资产负债规模和金融杠杆逆周期扩张的现象；在传统资产负债业务监管约束下，银行绩效考核强度越大，同业业务发展的规模也相应越大；在价格竞争导致利差不断压低的情形下，随着绩效考核强度的提高，银行更倾向于吸收短期性负债，配置长期性资产以提高既有资产负债规模的利润增长目标，银行资产负债期限错配加剧，流动性风险水平相应提高。 |
| 关键词: 绩效考核；银行行为；金融杠杆 |
| DOI： |
| 分类号:F13；F833 |
| 基金项目: |
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| Ratchet Effect，Asset-liability Behavior and Bank Leverage Changes |
|
YI Zhen-hua
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The People’s Bank of China,Hangzhou Central Sub-branch
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| Abstract: |
| This paper deeply studies the relationship between performance appraisal ratchet effect and bank leverage and risk level by putting the incentive characteristics and influence effects of bank performance appraisal into the theoretical framework of asset-liability behavior analysis，and conducts the measurement test based on the sample data of 21 domestic commercial banks. We find that：The scale of bank assets expands with the increasing intensity of performance appraisal. And it expanded faster than its profit growth rate，generating the scale of bank assets and liabilities and the countercyclical expansion of financial leverage；Under the regulatory constraints of the traditional asset-liability business，the greater the intensity of the bank performance assessment，the larger the scale of interbank business development is accordingly；As price competition drives to lower spreads，with the increasing strength of the performance assessment，banks prefer to absorb short-term liabilities，allocation long-term assets to increase the profit growth target of existing assets and liabilities，term mismatch of bank assets and liabilities has intensified，liquidity risk level has increased accordingly. |
| Key words: Performance Appraisal；Bank Behavior；Financial Leverage |
