非利息收入对商业银行绩效影响的门限回归分析
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摘要
[目的/意义]增加非利息收入在为商业银行传统信贷业务带来新的收益增长的同时,因其业务种类及经营方式的差别又使得商业银行的经营管理难度加大。因此,有必要研究非利息收入对商业银行绩效的影响。[方法/过程]在总结国内外相关文献和理论的基础上,以2008—2016年我国26家商业银行(16家上市商行和10家有代表性的非上市商行)的非利息收入占比及结构为研究对象,采用门限回归模型就非利息收入对银行绩效的非线性影响进行了实证研究。[结果/结论]结果表明:非利息收入与银行绩效间存在非线性的关系,在以银行资产规模作为门限变量时,存在三重门限值;在每一个区间,非利息收入对银行绩效的影响并不相同;以非利息收入各组成部分作为门限变量时,各组成部分对银行绩效的影响各不相同。基于上述结果,本文从微观角度提出了不同资产规模的银行各自的发展策略。
[Purpose/Significance]The growth of non-interest income has brought new revenue growth for traditional credit business of commercial banks. At the same time, because of the differences in business types and operation modes, it makes the operation and management of commercial banks more difficult. [Method/Process]In view of the impact of non-interest income on bank performance, based on the summary of relevant literature and theory at home and abroad, this paper empirically studies the non-linear impact of non-interest income on bank performance by using threshold regression model through the proportion and structure of non-interest income of 26 commercial banks(16 listed banks and 10 typical non-listed banks) in China from 2008 to 2016. [Result/Conclusion]The results show that there is a non-linear relationship between non-interest income and bank performance. When the size of bank assets is taken as a threshold variable, there is a triple threshold value. In every section, the impact of non-interest income on bank performance is not the same; when each component of non-interest income is taken as a threshold variable, the impact of each component is different.Based on the above results, this paper puts forwarddevelopment strategies of banks under different asset sizes from a micro perspective.
[Purpose/Significance]The growth of non-interest income has brought new revenue growth for traditional credit business of commercial banks. At the same time, because of the differences in business types and operation modes, it makes the operation and management of commercial banks more difficult. [Method/Process]In view of the impact of non-interest income on bank performance, based on the summary of relevant literature and theory at home and abroad, this paper empirically studies the non-linear impact of non-interest income on bank performance by using threshold regression model through the proportion and structure of non-interest income of 26 commercial banks(16 listed banks and 10 typical non-listed banks) in China from 2008 to 2016. [Result/Conclusion]The results show that there is a non-linear relationship between non-interest income and bank performance. When the size of bank assets is taken as a threshold variable, there is a triple threshold value. In every section, the impact of non-interest income on bank performance is not the same; when each component of non-interest income is taken as a threshold variable, the impact of each component is different.Based on the above results, this paper puts forwarddevelopment strategies of banks under different asset sizes from a micro perspective.
引文
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[9] 崔华泰.商业银行收入多元化对经营绩效和风险的影响——基于16家上市银行2005-2015年数据的实证研究[J].经济与管理评论,2017(3):140-148.
[10] 李明辉,刘莉亚,孙莎.发展非利息业务对银行有益吗?——基于中国银行业的实证分析[J].国际金融研究,2014 (11):11-22.
[11] 肖文东.非利息收入对银行经营绩效和风险的影响研究[J].经济问题,2017(8):88-91.
[2] ALTARAWNEH A,KHALAF B,ASSAFGA.Noninterest Income and Financial Performance at Jordanian Banks?[J].Journal of Banking & Finance,2016,31(7):19-23.
[3] DEMSETZRS,STRAHANPE.Diversification,size,and risk at U.S.bank holding companies[J].Journal of Money,Credit,and Banking,1997,29(3):300-313.
[4] LI L,ZHANG Y.Are there diversification benefits of increasing noninterest income in the Chinese banking industry[J].Journal if Empiriral Finance,2013,24(24):151-165.
[5] KOHLER M.Does non-interest income make banks more risky?Retail versus investment-oriented banks[J].Review of Financial Economics,2014,23(4):182-193.
[6] 王志军.欧盟银行业的非利息收入[J].全球瞭望,2004(11):47.
[7] 闫彦明.中国商业银行多元化经营绩效分析[J].上海经济研究,2005(10):29-38.
[8] 何伟.我国上市商业银行收入结构对经营绩效的影响研究[D].成都:西南财经大学,2014.
[9] 崔华泰.商业银行收入多元化对经营绩效和风险的影响——基于16家上市银行2005-2015年数据的实证研究[J].经济与管理评论,2017(3):140-148.
[10] 李明辉,刘莉亚,孙莎.发展非利息业务对银行有益吗?——基于中国银行业的实证分析[J].国际金融研究,2014 (11):11-22.
[11] 肖文东.非利息收入对银行经营绩效和风险的影响研究[J].经济问题,2017(8):88-91.