【摘要】 本文用多因素计量经济模型计算了资本充足率的变化对我国上市银行收益率变化的影响。结果表明,资本充足率变化对收益率和收益率变化的影响均不明显;资本充足率并没有成为投资者判断银行经营情况的有效信号;市场对银行资本充足率的要求很可能低于8%。更多还原

【Abstract】 This paper uses a multi-vector econometric model to calculate the influence of changes of capital ratios on changes of returns’ rates of banks in China’s stock market. The result shows that the change of capital ratio has little influence on the return’s rate and the change of the return’s rate; to investors, capital ratio has not become an efficient signal of the bank’s management; and it is possible that the market asks for a capital ratio lower than 8%.更多还原