Determinants of Loan Loss Provisions in Chinese Banking

The economy in China has developed rapidly since the reform and opening in 1987. Recently, especially after the financial crisis in 2008, the growth of the economy has slowed down. As the main channel of financing in China is indirect financing, banks credit has already taken up 80% of financial mar...

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Main Author: ZHENG, BIYING
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2017
Subjects:
Online Access:https://eprints.nottingham.ac.uk/45508/
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author ZHENG, BIYING
author_facet ZHENG, BIYING
author_sort ZHENG, BIYING
building Nottingham Research Data Repository
collection Online Access
description The economy in China has developed rapidly since the reform and opening in 1987. Recently, especially after the financial crisis in 2008, the growth of the economy has slowed down. As the main channel of financing in China is indirect financing, banks credit has already taken up 80% of financial market. According to the report which China Banking Regulatory Commission (CBRC) published in 2016, Chinese commercial banks’ impaired loan is 1.53 trillion RMB. The problem of non-performing loans is becoming increasingly severe. In my dissertation, panel data is used to figure out the determinants of loan loss provision in Chinese banking industry. This empirical analysis is performed by collecting data for 34 Chinese banks for the period of 2011 to 2016. Using the System Generalized Method of Moment(S-GMM) and Stochastic Frontier Analysis, I examine whether bank managers employ LLP to smooth their income stream, manage capital adequacy and if these provisions are procyclical in terms of the business cycles. Empirical evidence proves that managers do smooth their income and there exists a pro-cyclical behavior. But it is hard to find evidence to support the capital management theory.
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spelling nottingham-455082018-04-17T15:19:01Z https://eprints.nottingham.ac.uk/45508/ Determinants of Loan Loss Provisions in Chinese Banking ZHENG, BIYING The economy in China has developed rapidly since the reform and opening in 1987. Recently, especially after the financial crisis in 2008, the growth of the economy has slowed down. As the main channel of financing in China is indirect financing, banks credit has already taken up 80% of financial market. According to the report which China Banking Regulatory Commission (CBRC) published in 2016, Chinese commercial banks’ impaired loan is 1.53 trillion RMB. The problem of non-performing loans is becoming increasingly severe. In my dissertation, panel data is used to figure out the determinants of loan loss provision in Chinese banking industry. This empirical analysis is performed by collecting data for 34 Chinese banks for the period of 2011 to 2016. Using the System Generalized Method of Moment(S-GMM) and Stochastic Frontier Analysis, I examine whether bank managers employ LLP to smooth their income stream, manage capital adequacy and if these provisions are procyclical in terms of the business cycles. Empirical evidence proves that managers do smooth their income and there exists a pro-cyclical behavior. But it is hard to find evidence to support the capital management theory. 2017-09-07 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/45508/1/BIYING%20ZHENG%20dissertation.pdf ZHENG, BIYING (2017) Determinants of Loan Loss Provisions in Chinese Banking. [Dissertation (University of Nottingham only)] Loan Loss Provisions Income Smoothing Capital Management Business Cycle
spellingShingle Loan Loss Provisions
Income Smoothing
Capital Management
Business Cycle
ZHENG, BIYING
Determinants of Loan Loss Provisions in Chinese Banking
title Determinants of Loan Loss Provisions in Chinese Banking
title_full Determinants of Loan Loss Provisions in Chinese Banking
title_fullStr Determinants of Loan Loss Provisions in Chinese Banking
title_full_unstemmed Determinants of Loan Loss Provisions in Chinese Banking
title_short Determinants of Loan Loss Provisions in Chinese Banking
title_sort determinants of loan loss provisions in chinese banking
topic Loan Loss Provisions
Income Smoothing
Capital Management
Business Cycle
url https://eprints.nottingham.ac.uk/45508/