Analysis Of Capital Replenishment Behavior And Channel Differences Of Commercial Banks

Commercial banks are an important part of a country's financial system.They function as credit intermediaries,payment intermediaries,credit creation,and financial services in economic activities.Banks are the most important financial institutions in China.As a source of absorbing losses,bank capital plays a role in protecting depositors and creditors.Capital level and capital quality are one of the key factors in measuring the robustness of a bank's operations.The financial crisis of 2008 exposed the problems of low bank capital quality and insufficient loss absorption capacity.In response to the problems of the financial crisis,the Basel Banking Supervision Committee launched the Basel Accord3 in 2010.In order to be in line with international standards,improve the anti-risk capability of China's commercial banks,and realize the stable operation of the banking industry,China's regulatory authorities began to implement new regulations on capital supervision in 2013,implemented stricter supervision.Under the macroeconomic background of new regulations on capital supervision,marketization of interest rates,and economic downward pressure,China's commercial banks have positively replenished their capital.However,banks of different types,operating conditions and profitability prefer to choose different capital replenishment decision timings and different capital replenishment tools.In addition,at the institutional level,the differences in capital replenishment channels between banks will affect banks' profitability.Through research on bank capital replenishment behaviors and differences in capital replenishment channels,it provides commercial banks with development and financing suggestions;and uses empirical methods to provide theoretical basis for commercial banks to get rid of capital constraints and improve profitability.This article uses literature research,statistical analysis,and empirical research to analyze the commercial banks' capital replenishment behavior and channel differences,draw conclusions,and then make recommendations.The first chapter briefly expounds the research background,research purpose and research significance.The second chapter summarizes the foreign and domestic literature on capital supplementary behavior and the literature on the impact of capital regulation on banks,and provides some theoretical basis for subsequent chapter research.The third chapter introduces the definition and role of bank capital,lists the classic company capital theory,and discusses whether the classic company capital theory is applicable in China's banking field.Chapter 4 analyzes the current state of capital adequacy of Chinese banks through data analysis,and looks into the future state of capital adequacy of banks,and concludes that China's banks currently have sufficient capital,but there is a capital gap in the future.Therefore,list the main channels for commercial banks to replenish capital.Chapter 5 uses binary logit model,multiple logit model,and unpaired sample T test method to empirically analyze the timing and tools of capital replenishment of 266 banks.The conclusion that capital adequacy ratio is an important consideration for bank capital replenishment,small and medium sized banks rely too much on secondary capital debt,and that internal financing is of low importance to commercial banks.Chapter 6 is based on the data of 30 commercial banks from 2011 to 2017,the difference-in-difference method is used to empirically test the impact of the capital supplement policy on the profitability of commercial banks.The empirical results shows that compared with non-listed banks,listed banks have improved their return on net assets due to the expansion of capital replenishment.A group test based on the perspective of capital adequacy shows that bank groups with less capital than those with more capital are more affected by the expansion of capital replenishment channels.Chapter VII summarizes the conclusions,and puts forward corresponding proposals for banks to strive for listing,increase the importance of internal sources of capital replenishment,and promote the development of bank intermediary business.