Impact of systemic risk in the real estate sector on banking return.
Impact of systemic risk in the real estate sector on banking return.
复制标题
房地产系统性风险对银行收益的影响
DOI：
10.1186/s40064-016-1693-8
复制
发表时间：
2016
期刊：
影响因子：
--
通讯作者：
He J
中科院分区：
文献类型：
--
作者：
Li S;Pan Q;He J
在本文中，我们基于或有债权分析来衡量房地产行业的系统性风险，然后研究其对银行回报的影响。根据中国的数据，我们发现房地产行业的系统性风险对银行收益有负面影响，但这种影响是暂时的；银行风险规避和隐性利息支出对银行收益有相当大的影响。
In this paper, we measure systemic risk in the real estate sector based on contingent claims analysis, and then investigate its impact on banking return. Based on the data in China, we find that systemic risk in the real estate sector has a negative effect on banking return, but this effect is temporary; banking risk aversion and implicit interest expense have considerable impact on banking return.