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首页> 外文会议>International conference on financial risk and corporate finance management >Study on Market Discipline Effect of Subordinated Debts of Commercial Banks in China-Based on Yield Spreads Model
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Study on Market Discipline Effect of Subordinated Debts of Commercial Banks in China-Based on Yield Spreads Model

机译：基于收益率差价模型的商业银行次级债务市场纪律效应研究

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摘要

By constructing the yield spreads model, we have empirical analysis on the market discipline effect of subordinated debts in China. The result shows that pricing mechanism does not reasonable and issuing method is not major factors affecting debts yield spreads, subordinated debts investors are more concerned about the ability of commercial banks to cope with risk-taking. Only large commercial banks will choose to issue the subordinated debt and market discipline effect of the subordinated debts become more dominant accompany by the marketization of commercial banks in China.
机译：通过构建产量扩散模型，我们对中国镇压债务的市场纪律效应进行了实证分析。结果表明，定价机制不合理，发行方法不是影响债务产量传播的主要因素，次级债务投资者更关注商业银行应对风险的能力。只有大型商业银行将选择发布次级债务，次级债务的市场纪律效应伴随着中国商业银行的市场化伴随着占主导地位。

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