【摘要】 本文以中国78家商业银行为研究样本，实证检验宏观审慎政策对银行经营绩效的影响，并研究市场竞争的调节作用。研究表明：宏观审慎政策有助于改善银行经营绩效，其中，宏观审慎政策的实施会提高银行单位资产盈利能力，降低成本收入比。相比区域性商业银行，加强宏观审慎政策可以更大程度地改善全国性商业银行的经营绩效。中介效应检验发现，面对收紧的宏观审慎政策，银行可以通过约束风险承担行为的方式改善经营绩效。此外，市场竞争对宏观审慎政策与银行经营绩效的关系具有调节效应，市场竞争会强化宏观审慎政策对银行经营绩效的积极影响。更多还原

【Abstract】 This paper empirically examines the relationship between macroprudential policies and banks’ performance, as well as the moderating effect of market competition for 78 Chinese commercial banks. Empirical results show that macroprudential policies improve banks’ performance. The implementation of macroprudential policies can improve banks’ profitability of unit assets and reduce banks’ cost-income ratio. Compared with regional commercial banks, strengthening macroprudential policies has greater positive effects on the performance of national commercial banks. The mediation effect tests show that, banks improve their performance by reducing risk-taking behavior in response to tighter macroprudential policies. Moreover, market competition has a moderating effect on the relationship between macroprudential policies and bank performance. Intense market competition strengthens the effect of macroprudential policies on improving banks’ assets profitability.更多还原