Capital Growth and Bank Financing Behavior under Regulatory Restriction in China
利用银行年报数据，研究了资本要求对银行资本增长、融资方式选择及规模的影响，发现监管压力是外部融资的直接动因，压力越大资本增长越快，且银行更倾向于股权融资。
We use data from bank annual report and examine the effect of capital requirements on the bank capital growth,forms of financing options and scale.This paper indicates the regulatory capital pressure faced by banks is the direct motivation of external financing.The greater the regulatory pressure is,the faster the capital increases.In addition,banks use more equity,and only when the banks face less pressure,they use more debt.Our results also show that the capital buffer which is used to avoid regulatory punishment significantly affects the equity financing scale.