| At present,the downward pressure of the economy is still on,and the situation at home and abroad is complex and changeable.China’s economic development is in a critical period of climbing the slope and crossing the threshold,and is also moving towards a new stage of high-quality development.Under the background of the basic completion of interest rate liberalization reform and the deepening of financial disintermediation,the banking industry is also facing quite serious challenges.The increasingly competitive financial market has promoted the development of commercial banks’ liability business to a certain extent,and the liability structure of commercial banks has become more diversified.The change of debt structure has promoted the development of non-deposit liability financing.Non-deposit liability has become an important channel for banks to obtain funds,and its importance has gradually increased.The most noteworthy thing is that the scale of inter-bank liabilities and bonds payable has been expanding,and the proportion of the liabilities business has been increasing.However,while banks meet diversified capital needs,expand their business scale and improve their competitiveness through debt business,it will also affect the risk bearing level of commercial banks.Therefore,the study of the relationship between commercial banks’ debt structure and risk taking has positive significance for commercial banks to maintain a reasonable debt structure and control their own risk taking level,and it is also more important in the process of bank operation and management.On the basis of reading a large number of documents,this paper analyzes the relevant theories of the impact of the debt structure of commercial banks on their risk taking,and selects 42 commercial banks listed in China’s A-share market as the research object to analyze the change trend of their debt structure and agency variables from different perspectives of risk taking.Through analysis,it is found that the debt structure of commercial banks at this stage is still dominated by deposit liabilities,and the scale of liabilities has maintained a stable growth,showing a steady development trend as a whole,but the growth rate has gradually slowed down.The total risk-weighted assets of listed commercial banks have increased year by year,and the non-performing loan ratio has shown a downward trend.On the basis of theoretical analysis and current situation analysis,this paper establishes a measurement model based on the relevant data of 42 listed commercial banks from 2013 to 2021,and uses the static panel model method to test the impact of changes in the debt structure of listed commercial banks on their risk taking.The results show that at this stage,the changes in the debt structure of China’s listed commercial banks will have a significant impact on their risk taking.The increase in the proportion of inter-bank liabilities and bonds payable in the debt structure will reduce the risk bearing level of commercial banks.Therefore,listed commercial banks should maintain a reasonable debt structure in combination with their own development,and carry out necessary control and supervision on their debt structure.They should also pay attention to preventing potential risks while giving full play to the advantages of non-deposit liability business.The regulatory authorities should also take corresponding measures to strengthen the management of listed banks to ensure their sustainable and stable development,which is also of great significance for the healthy development of the banking industry.In view of the above findings,this paper puts forward relevant policy recommendations from the perspective of commercial banks and regulatory authorities. |
