Capital Constraints and Behavior of Banks' Asset Allocation:Evidence From 175 Commercial Banks Data in China
利用中国175家商业银行的非平衡面板数据，研究了资本约束对银行资产配置行为的影响，发现资本充足的银行持有更多风险资产、贷款比例上升，而资本不足的银行则相反。
This paper studies the effect of capital constraints on the behavior of banks' asset allocation in China. Using 175 commercial banks' unbalance panel data,we find out that capital regulation have important effect on the behavior of banks' asset allocation.The banks will adjust assets structure according to their capital status after 2004.Capital-adequacy bank hold more risky asset,the loan ratio rise,however,the under-capital bank hold more riskless asset,the loan ratio decrease.We also find the difference of bank's asset allocation behavior between bank sizes.All these findings provide the evidence for the policy of capital regulation.