Study on the Micro Influencing Factors of Credit Asset Securitization of Commercial Banks in China
As an innovative financing method,securitization of credit assets of com-mercial banks transforms less liquid credit assets into highly liquid securitized products that can be traded in the capital market and improves the liquidity and dis-posal efficiency of commercial banks.Currently,there is some resistance to the de-velopment of credit asset securitization due to the influence of commercial banks'prudence and macro factors.Based on the Tobit model,this paper introduces a series of variables,such as asset size and financial deepening,to deeply analyze the micro factors affecting the securitization of credit assets in commercial banks.The results show that commercial banks with higher non-performing loan ratios and non-inter-est incomes,asset sizes,and higher degrees of financial deepening are more inclined to carry out credit asset securitization;small and medium-sized commercial banks have stronger endogenous demand for credit asset securitization development due to considerations of safety,liquidity,and operational efficiency.The research in this pa-per helps to strengthen the understanding of credit asset securitization and enhance the confidence of commercial banks in using securitization products to alleviate liquidity.
Commercial BanksCredit Asset SecuritizationTobit Model
万方数据
维普
