An Empirical Study On The Influencing Factors Of Liquidity Risk Of Commercial Banks In China

As special financial intermediaries,commercial banks are the important hubs in the modem economy,which occupy a very vital position in the national economy and financial system.However,with the deepening and development of economic globalization,the gradual opening of financial markets,the commercial banking industry is facing more serious challenges and risks,and will be the first to be threatened in the economic crisis.Several previous financial crisis,the subprime crisis in 2008 and the money shortage in 2013 all illustrate that the liquidity risk is the last external manifestation of other kinds of risk,which is the important factor of commercial banks liquidity crisis or bankruptcy,and the highly leveraged characters of commercial banks determine the importance of its liquidity risk management,therefore,commercial banks liquidity management is becoming more and more of concern by scholars both at home and abroad,financial regulators and the public.In 2014,China promulgated the measures for the management of liquidity risk,which led the liquidity of commercial banks risk management to a new height.Based on this background,this paper studied the problems related to the liquidity risk of commercial banks in China.Firstly,this paper pointed out the research significance,research purpose and research ideas,ect.,and summarized the existing literature about the connotation,influence factors,the measurement and management of the liquidity risk.Secondly,this paper described the related concepts and theories of the liquidity risk,and discussed the forming mechanism of commercial banks liquidity risk from the perspective of endogenous,exogenous and risk transformation,and combed the development of the theory related to the management of commercial banks liquidity risk.Then,this paper introduced the static index and dynamic index to measure the liquidity risk of commercial banks,and analyzed the index by combining the specific condition of commercial banks in China.Because of the large quantity and the dispersion of measurement indicators,this paper used principal component analysis to integrate multiple indicators into a comprehensive index,and used the actual value of commercial banks in China to measure the liquidity risk,which provided the necessary premise for the further in-depth analysis of the factors influencing the liquidity risk of commercial banks.Based on the measure of the commercial banks liquidity risk,this paper used the relevant data of 12 sample banks,choosing some variables that reflects the development of macro economy and the operating conditions of commercial banks,and carried on the empirical research by using panel data model for the influence factors of commercial banks.Finally,it summarized the measure and the empirical analysis results of the commercial banks liquidity risk,which showed that the liquidity risk of commercial banks is influenced by factors,and the influence of internal factors on liquidity risk is higher than that of external factors.In addition,this paper put forward the countermeasures and suggestions on strengthening the liquidity risk management of commercial banks,which consists of the macro economic development situation in our country,the level of supervision,the operation and management of the commercial banks three aspects.