Empirical Research On The Relationship Between Non-interest Income And Risk In Small And Medium Joint-stock Banks

In recent years,with the further opening of China's capital market and money market,the gradual reform of interest rate,China's gradual relaxation of foreign banks,private capital access restrictions,the diversification of social financing have led to indirect financing scale and proportion decreased year by year.The traditional spread of commercial banks has been unable to meet the needs of its steady growth,the banking industry began to find new profit growth point into the non-interest business income in the non-interest income to flourish for the banking industry to bring the proceeds of the process.We should also rationally realize that commercial banks increase the income of non-interest business whether to change the bank's risk situation.China's small and medium-sized joint-stock banks had gone through the initial stage,rapid development stage.Now it has begun to enter the international stage.Small and medium-sized joint-stock banks have many benefits for optimizing the capital structure of banks and expanding the sources of bank funds.Compared with the stateowned banks,small and medium-sized joint-stock banks has its particularity in the external environment and internal management so that it is necessary to study the relationship between non-interest income and risk of small and medium-sized jointstock banks.This paper starts from the non-interest business,and makes a necessary combing of the classification,development background and necessity of the non-interest business and the concept and development of the small and medium-sized joint-stock banks,and takes 12 small and medium-sized joint-stock banks listed on the A shares as the research object.From 2008 to 2016 for the study time,a total of four quarters,according to the time series of 34 groups of data,analysis of 12 small and medium-sized joint-stock banks non-interest business income and risk.And further divides the non-interest business income into the impact of the fee and commission income,investment income,exchange gains,fair value gains and losses,and other business income on the risk of small and medium-sized joint-stock banks,so as to further optimize the non-interest income,optimize the purpose of bank risk.Innovative point of this paper is one of the innovative research object.Secondly,the research perspective is innovative.This paper is based on the small and medium-sized joint-stock banks,and further subdivides the non-interest income,studies the relationship between each component and the risk,and puts forward some suggestions on the bank's optimization risk.Thirdly,we use the portfolio theory,economies of scale theory and economies of scope theory as the theoretical basis of this paper to deduce the hypothesis and select the corresponding theory to explain the regression results in the empirical analysis.The conclusions of this paper through empirical analysis are as follows:(1)The increase in the proportion of the whole non-interest income will increase the risk of small and medium-sized joint-stock banks;(2)The increase in the proportion of fees and commission income will increase the risk of small and medium-sized joint-stock banks;(3)The increase in the proportion of investment income will increase the risk of small and medium-sized joint-stock banks(4)The increase in the proportion of changes in fair value of profits and losses will increase the risk of small and mediumsized joint-stock banks;(5)The increase in fair value gains and losses will increase the risk of small and medium-sized joint-stock banks;(6)The proportion of other income will increase the risk of small and medium-sized joint-stock banks.