资本化
市场纪律
互联网
市值
业务
金融体系
中国金融体系
中国
财务
背景(考古学)
零售银行业务
经济
股票市场
万维网
计算机科学
法学
政治学
古生物学
哲学
语言学
生物
作者
Xiaohui Hou,Zhixian Gao,Qīng Wáng
标识
DOI:10.1016/j.jfs.2016.01.001
摘要
Depositor discipline is the only viable and universal source of banking market discipline in China. This paper investigates whether the depositor discipline of banking works in the context of an emerging economy under financial repression and implicit government guarantee, such as the Chinese economy; how banking market discipline is affected by Internet finance development; and whether the impact of Internet finance development on market discipline changes across heterogeneous banks. The results suggest that, in general, measures of bank risk are negatively associated with the growth of deposit volumes. Internet finance development alters the sensitivity of deposit growth ratios to some bank risk measures. For non-state-owned banks, fewer measures of bank risk are significantly negatively associated with the growth of deposit volumes, and the attenuation impact of Internet finance development on market discipline for bank capitalization instead relatively increases. For large banks, market discipline works significantly, except in the case of the bank capitalization variable; moreover, these significant market disciplines are strengthened with the development of Internet finance.
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