The Influence Of Off-balance Sheet Business On The Business Risk Of Banks Empirical Study Based On 16 Listed Banks

In recent years,with the reform and improvement of the financial system and the increasingly strict financial supervision,the traditional business model of commercial banks obtaining spread income through deposit and loan can not adapt to the current development.In the face of fierce industry competition,banks want to seek a breakthrough,must transform and upgrade,adjust the business structure.According to the experience of developed countries,the development of off-table business is One Direction of bank transformation,off-table business does not occupy the bank's own capital,can avoid capital supervision,but also can increase the bank's revenue source.But historical experience shows that off-table business brings benefits to banks along with risks and challenges,and that unreasonable development is likely to bring a huge crisis to the banking sector and even the financial system as a whole.Up to now,the off-table business of commercial banks in developed countries has formed a perfect development system,the risk prevention mechanism is sound,the institutional mechanism is immature,the risk prevention consciousness is lacking,how to develop the off-table business reasonably,and the control risk has yet Based on the existing literature research.This paper makes a theoretical and empirical analysis of the relationship between the off-table business of China's commercial banks and its operating risk and its impact path.Theoretical analysis includes two aspects,one is the theory that the off-balance sheet business can disperse the bank's business risk,mainly based on portfolio theory and scope economic theory,the underinvestment hypothesis and so on.The empirical part uses the data to carry on the verification analysis according to the correlation theory.According to the empirical results,it is concluded that the off-table business carried out by commercial banks in China is not very decentralized to the operation risk in general.Panel regression results show that the guarantee commitment business and investment banking business will significantly increase the bank's operating risk,intermediary services business and derivative business on the bank's operating risk impact is not significant.Finally,according to the empirical results and the analysis of the reasons for the impact,this paper puts forward relevant policy suggestions for commercial banks to develop off-table business in the future.