金融创新对商业银行风险承担的影响--基于金融创新的分类研究

将银行金融创新分为降低项目监督成本和提高投资回报率两种类型，利用银行在融资市场的博弈均衡模型并结合数值模拟技术，研究两种类型金融创新对银行风险承担的影响。研究结果显示：相对于提高投资回报率的金融创新，降低项目监督成本的金融创新对银行风险承担影响更大，且当投资项目收益率较低时，降低监督成本的金融创新更有利于提高银行资金的使用效率，降低银行风险承担水平。实证结果支持理论模型的结论。

The Effect of Financial Innovation on Commercial Bank Risk-taking---Based on the Different Types of Financial Innovation

This essay first divides banks’ financial innovation into two types of reducing project monitoring cost and rai-sing investment return rate. It then uses the methodology of Gambling Equilibrium in the circumstance of Whole scale Funding Market, in combination with the methodology of Numerical Simulation, to explore the effect of these two types of financial in-novation on bank risk-taking. The results show that compared with the financial innovation of raising investment return rate, the financial innovation of reducing project monitoring cost is more effective in reducing Bank risk-taking, Moreover, with low-er project revenues, the financial innovation of reducing project monitoring cost can effectively reduce bank risk-taking. The conclusion from the theoretical model is also supported by panel data study.