The Influence Of Capital Restraint On The Performance Of Listed Commercial Banks Under The Framework Of Macro-prudential Supervision

In 2008,when the global financial crisis broke out,the economic and financial development of every country in the world was affected.Regulators began to realize the importance of macro-prudential supervision.After the financial crisis,Strengthening the macro-prudential policy framework has become the basic direction and core content of the reform of the financial regulatory system.In 2010,the Basel III was published.It still takes the capital adequacy regulation as the core,and on the basis of micro-prudential supervision,it adds the macro-prudential supervision policy.The main purpose is to prevent the systemic risks of the financial industry and to improve the stability of commercial banks.Subsequently,the Chinese version of the Basel III,< measures on Capital Management of Commercial Banks(for trial implementation)> was published.It strengthened the supervision of the capital of commercial banks.More stringent capital supervision has improved the ability of commercial banks to absorb losses and cope with risks,and improved the overall stability of banking operations.It is helpful to the sustainable development of the banking industry.However,the commercial banks are the financial enterprises pursuing profitability.How will the improvement of the capital supervision requirements affect the performance? On the one hand,the increase of capital adequacy ratio makes some of the funds of commercial banks idle,which has a negative effect on the performance of commercial banks.On the other hand,the increase of capital adequacy ratio can resist the risks in the process of bank operation.The relationship between capital adequacy ratio and commercial bank performance is not consistent.In view of this,this paper intends to analyze the relationship between capital adequacy ratio and commercial bank performance.By using the method of generalized moment estimator(GMM),it will demonstrate whether the capital adequacy ratio is positively or negatively correlated with the performance of commercial banks.This paper studies the influence of capital restraint on the performance of commercial banks under the framework of macro-prudential supervision.Firstly,it summarizes the relevant literature at home and abroad,and then expounds the framework of macro-prudential supervision,the capital of commercial banks.The definition and related theory of performance and the mechanism of the influence of capital constraint on the performance of commercial banks.Secondly,expounds the definition and related theory of capital of commercial banks.The definition and related theory of performance and the influence mechanism of capital constraint on the performance of commercial bank are analyzed.Then,the present situation of capital constraint and the current situation of performance of commercial bank are analyzed.Based on the endogenous perspective of capital constraint,this paper takes the regulatory framework of Basel ? as the background,and takes the data of 16 listed commercial banks in China from 2008 to 2016 as a sample.The relationship between capital constraint and performance of commercial banks is studied by using the method of generalized moment estimation(GMM).In the process of empirical analysis,the regression analysis of 16 listed commercial banks in China is carried out.Then,16 commercial banks are classified into systemically important banks and non-systemically important banks.Finally,it is concluded that the capital adequacy ratio of commercial banks in China is significantly positively correlated with their performance.The contribution of capital adequacy ratio of different types of commercial banks to business performance is quite different.The implementation of < measures on Capital Management of Commercial Banks(for trial implementation)> obviously inhibits the positive effect of capital adequacy ratio on the performance of commercial banks.At the same time,the influence of other factors on the performance of commercial banks,such as deposit-loan ratio,non-performing loan ratio,scale of commercial banks and GDP growth rate,is also investigated.According to the conclusion of the study from the perspective of commercial banks and the perspective of regulatory bodies,the paper puts forward the corresponding countermeasures and suggestions to improve the performance of commercial banks.