产权结构与商业银行贷款中的风险行为

产权结构是集中反映当前中国银行业公司治理特征的重要变量。基于我国14家代表性商业银行1994-2004年的面板数据，本文实证检验了产权结构差异对银行贷款中风险行为的影响。分析结果表明：在放贷过程中，非国有银行比国有银行更加谨慎，上市银行比非上市股份制银行更为谨慎。此外，国民经济的持续增长显著增加了商业银行贷款中的风险行为。银行贷款风险对存贷利差的变化并不敏感，对此尚未完成的利率市场化进程可作为部分解释。

Ownership Structure and Risk-Taking Behavior of Commercial Banks in China in Granting Loans

Ownership structure is an important variable reflecting corporate governance by Chinese banks. According to a panel data of 14 representative commercial banks in 1994-2004, this paper empirically investigates the impact of different banking ownership on their risk-taking behaviors when granting loans. It is found that when providing loans, non-state-owned banks are more cautious than state-owned banks and listed banks are more cautious than non-listed joint-stock banks. In addition sustained GDP growth obviously enlarges loaning risks of commercial banks. Banks are not sensitive to interest spread, for which unaccomplished marketization process is blamable.