Study on Market Discipline Effect of Subordinated Debts of Commercial Banks in China Based on Yield Spreads Model

被引：0

作者：

Liang Yan ^{[1
]}

Yuan Yijun ^{[1
]}

Liu Yu ^{[1
]}

机构：

[1] Dalian Univ Technol, Sch Econ, Dalian 116024, Peoples R China

来源：

PROCEEDINGS OF THE 4TH (2012) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, VOLS I AND II | 2012年

关键词：

Commercial Banks; Subordinated Debts; Market Discipline; Yield Spreads Model;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

By constructing the yield spreads model, we have empirical analysis on the market discipline effect of subordinated debts in China. The result shows that pricing mechanism does not reasonable and issuing method is not major factors affecting debts yield spreads, subordinated debts investors are more concerned about the ability of commercial banks to cope with risk-taking. Only large commercial banks will choose to issue the subordinated debt and market discipline effect of the subordinated debts become more dominant accompany by the marketization of commercial banks in China.

引用

页码：516 / 521

页数：6