Research On The Influence Of Shadow Banking On The Operating Performance Of China's Listed Commercial Banks

With the occurrence of the financial crisis in 2008,shadow banking has gradually attracted the attention of scholars all over the world.After 2008,China's shadow banking has been developing at an alarming speed,which has caused a great impact on the development of commercial banks.The research on the influence of shadow banking on the business performance of commercial Banks is helpful for us to identify the risks of shadow banking,understand the mechanism of shadow banking affecting the business performance of commercial Banks,and improve the business performance of commercial Banks.In the analysis of the shadow banking and commercial bank of China,on the basis of combing the shadow banking influence mechanism of commercial Banks operating performance,select 16 listed Banks in 2007-2017 data as sample,economic value added method is used to measure the operating performance of listed commercial Banks,draw lessons from the results of other researchers measure the size of the shadow banking,and then using the data of measure,the operating performance of commercial Banks as the dependent variable,the size of the shadow banking as independent variables,capital adequacy ratio and non-performing loan ratio,inflation as control variables,the empirical analysis of the shadow banking's impact on China's listed commercial Banks operating performance.The empirical results show that the influence of shadow banking on the operating performance of China's listed commercial Banks is non-linear,which can be described by a u-shaped curve.After calculation,the threshold of China's shadow banking is 36.38 trillion yuan.In addition,the sample commercial Banks are divided into five major Banks and small and medium-sized commercial Banks to study the impact of shadow banking on their business performance.The results show that shadow banking has different impacts on the two types of Banks,with positive effects on the five major Banks and negative effects on the small and medium-sized commercial Banks.Therefore,China's regulatory authorities should improve the regulatory mechanism,control the growth rate of shadow banking scale,and commercial Banks should speedup their business innovation,improve their service level,and establish a sound risk isolation mechanism.