【摘要】 本文以2013～2017年中国商业银行为研究样本,检验了发行或有资本对银行风险承担行为的影响。研究发现:发行或有资本能够显著降低我国商业银行的风险承担水平;从整体上来看,或有资本的发行规模对银行的风险承担行为没有显著影响,但将银行杠杆率的影响纳入考虑后发现,高杠杆银行增加或有资本发行规模时具有显著的风险抑制效应,而低杠杆银行则相反。因此,应对不同杠杆率的银行发行或有资本的规模进行分类指导。更多还原

【Abstract】 Based on the dataset of Chinese commercial banks from 2013 to 2017, this paper empirically investigates the impact of the contingent capital issuance on banks’ risk-taking incentives. Firstly, contingent capital issuance can significantly reduce the risk-taking behavior of Chinese commercial banks. Secondly, the overall impact of the contingent capital issuance quantity on banks’ risk-taking is not significant, but once the impact of the bank leverage is taken into consideration, we find that increasing the contingent capital issuance quantity is conducive to curbing highly leveraged banks’ risk-taking incentives, but the effect is opposite for lowly leveraged banks. Therefore, the contingent capital issuance activities of banks should be guided differently based on their leverage level differences.更多还原