Innovative Tools for Lending Facilities,Return on Assets and Commercial Bank Credit Risk
Based on unbalanced panel data of 203 banks in China from 2014 to 2021,this paper examines the im-pact of lending facilitation innovative tools on commercial banks'credit risk.The empirical analysis finds that the inno-vative operation of lending facilities significantly increases the credit risk of commercial banks,and this conclusion still holds after considering the endogeneity problem as well as conducting a series of robustness tests.Heterogeneity tests show that this policy effect is more pronounced among regional commercial banks and smaller commercial banks.Mediation effects modeling tests show that innovative tools for lending facilities increase credit risk through the channel of suppressing commercial bank asset yields.The results of the moderating effects model test suggest that both the inten-sity of capital regulation and the increase in bankers'optimism attenuate the exacerbating effect of the lending facility in-novation tool on the credit risk of commercial banks.The findings of this study have implications for the central bank's timely and appropriate amount of lending and borrowing facility operations and commercial banks'credit risk manage-ment and prevention and control.
innovative tools for lending facilitationcredit risk of commercial banksreturn on assetscapital regulationbanker optimismnew monetary policy tools
万方数据
维普
