Capital price distortion, financial leverage, and credit risk in commercial banks

被引：0
|
作者：
Ma, Baolin [1 ]
He, Guiqian [2 ]
An, Jin [3 ,5 ]
Li, Mengding [4 ]
Sun, Guanglin [6 ]
机构：
[1] Inner Mongolia Univ Finance & Econ, Sch Finance, Hohhot 010070, Peoples R China
[2] Inner Mongolia Univ Finance & Econ, Sch Publ Adm, Hohhot 010070, Peoples R China
[3] Inner Mongolia Univ Finance & Econ, Sch Publ Finance & Taxat, Hohhot 010070, Peoples R China
[4] Zhongnan Univ Econ & Law, Sch Business Adm, Wuhan 430073, Peoples R China
[5] Inner Mongolia Ind Dev Res Base, Hohhot 010070, Peoples R China
[6] Nanjing Univ Finance & Econ, Sch Finance, Nanjing 210023, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 69卷
关键词：
Capital price distortion; Financial leverage; Overcapacity; Commercial banks; Non-performing loan ratio;
D O I：
10.1016/j.frl.2024.106200
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper uses panel data from 30 provinces and cities from 2012 to 2022 (excluding Tibet, Hong Kong, Macao, and Taiwan), and empirically examines the impact of capital price distortion and financial leverage on the non-performing loan (NPL) ratio of banks by constructing a dynamic panel system GMM model. The study finds that capital price distortion and financial leverage have a significantly positive impact on the NPL ratio of commercial banks. Increasing the degree of capital price distortion and financial leverage leads to a higher NPL ratio. Further analysis reveals that capital price distortion has a significantly positive impact on financial leverage, while Overcapacity has a significantly negative impact on financial leverage.
引用
收藏
页数：6
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