文章基本信息

标题：Non-performing loans (NPLs), liquidity creation, and moral hazard: Case of Chinese banks
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作者：Muhammad Umar ; Muhammad Umar ; Gang Sun 等
期刊名称：China Finance and Economic Review
电子版ISSN：2196-5633
出版年度：2016
卷号：4
期号：1
页码：1-23
DOI：10.1186/s40589-016-0034-y
语种：English
出版社：Springer
摘要：Abstract Background This study analyzes the impact of non-performing loans (NPLs) on bank liquidity creation to investigate the existence of moral hazard problem in Chinese banks. Methods It uses data from 197 listed and unlisted Chinese banks, spanning the period 2005 to 2014. Generalized method of moments (GMM) estimation, fixed and random effect model, and pool data techniques have been used for analysis. Results Total liquidity creation by Chinese banks is declining, and NPLs ratio has started to increase following a continuous decline between 2005 and 2012. We find that liquidity creation by Chinese banks does not depend on NPLs ratio. We repeated the analysis for small and large banks and the results of these subsamples reinforced our findings for the aggregate sample. Conclusions We did not find the evidence of moral hazard problem in Chinese banks.
关键词：Bank;Liquidity creation;Non-performing loans;Moral hazard;China