The cost effects of shadow banking activities and political intervention: Evidence from the banking sector in China

被引：20
作者：
Hou, Xiaohui [1 ]
Li, Shuo [1 ]
Guo, Pin [1 ]
Wang, Qing [2 ]
机构：
[1] Xi An Jiao Tong Univ, Sch Econ & Finance, Xian, Shaanxi, Peoples R China
[2] Peoples Bank China, Xian Branch, Beijing, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2018年 / 57卷
基金：
中国国家自然科学基金;
关键词：
Shadow banking activities; Political intervention; Cost efficiency; Quantile-Regression-Based thick frontier approach; China; FINANCIAL INSTITUTIONS; TRANSITION COUNTRIES; EFFICIENCY; OWNERSHIP; CHALLENGES; CREDIT; SYSTEM; SCALE; TESTS;
D O I：
10.1016/j.iref.2018.01.019
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we examine how the shadow banking activities of Chinese commercial banks affect their cost efficiency. Furthermore, we investigate whether the relation between shadow banking activities and the bank cost efficiency changes across heterogeneous types of government political intervention in banks. We find that the growth of shadow banking activities has a significantly positive effect on the cost efficiency of Chinese commercial banks. In addition, evidence suggests that political intervention has detrimental effects on bank cost efficiency, which will weaken or dominate the positive relation between the growth of shadow banking activities and bank cost efficiency.
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页码：307 / 318
页数：12
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