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首页> 外文期刊>Journal of Financial Regulation & Compliance >Banking consolidation, credit crisis and asset quality in a fragile banking system
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Banking consolidation, credit crisis and asset quality in a fragile banking system

机译：脆弱的银行体系中的银行合并，信贷危机和资产质量

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Purpose – The aim of this paper is to identify the major determinants of bank asset quality in an era of regulation-induced industry consolidation, using the Nigerian case to demonstrate how consolidation can heighten incidences of non-performing credits in a fragile banking environment. Design/methodology/approach – The paper makes use of panel data from 19 out of a total of 25 banks operating in Nigeria. A multivariate constant coefficient regression model is adopted as the estimation technique. The dependent variable in the model is quality of bank assets, proxied as the proportion of non-performing loans (NPL) to total loans; while operating efficiency, profitability, asset liquidity, loans to deposits ratio, predictability of depositors' behaviour, size of bank capital, and board skill constitute the exogenous variables. Findings – The study reveals that deterioration in asset quality and increased credit crisis in the Nigerian banking industry between the periods 2004 and 2008 were exacerbated by the inability of banks to optimally use their huge asset capacity to enhance their earnings profiles. It shows that excess liquidity syndrome and relatively huge capital bases fueled reckless lending by banks; and that increase in the level of unsecured credits in banks' portfolios ironically helped to mitigate the level of NPL within the studied period. Research limitations/implications – The findings here should be interpreted with caution. The reason is because of the relatively fewer number of observations and the likely biases associated with the use of pooled regression approach. Originality/value – This paper is one of the first to investigate the specific impact of banking consolidation on the quality of bank assets in an underdeveloped financial system. Among such countries facing such challenge, the Nigerian case is unique considering that the 2004/2005 banking consolidation in the country was recorded as the largest in the history of banking in Africa. The findings here make clearer the policy/practical implications of using regulation-induced consolidation to pursue the goal of increased credit flows in a less developed financial system.
机译：目的–本文的目的是确定在监管导致的行业整合时代，银行资产质量的主要决定因素，并使用尼日利亚案例来证明整合如何在脆弱的银行业环境中增加不良贷款的发生率。设计/方法/方法-该论文利用了尼日利亚25家银行中19家的面板数据。采用多元常数系数回归模型作为估计技术。该模型的因变量是银行资产的质量，以不良贷款占总贷款的比例表示。而运营效率，盈利能力，资产流动性，贷存比，储户行为的可预测性，银行资本规模和董事会技能是外生变量。研究结果表明，2004年至2008年期间，尼日利亚银行业资产质量的恶化和信贷危机的加剧，由于银行无法最佳地利用其庞大的资产能力来提高其收益状况而加剧。它表明流动性过剩综合征和相对庞大的资本基础助长了银行的鲁re贷款。具有讽刺意味的是，银行投资组合中无抵押信贷水平的提高反而有助于减轻研究期内的不良贷款水平。研究的局限性/含义-此处的发现应谨慎解释。原因是由于观察的数量相对较少以及与使用合并回归方法相关的可能偏见。原创性/价值–本文是研究不发达金融体系中银行合并对银行资产质量的特定影响的第一篇论文之一。在面临此类挑战的这些国家中，考虑到该国2004/2005年银行业合并被认为是非洲银行业历史上规模最大的一次，因此尼日利亚案件是独一无二的。此处的发现更加清楚了在不发达的金融体系中，使用法规引发的整合来追求增加信贷流量的目标的政策/实践意义。

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