, 2
5117 
7448银行风险承担具有金融稳定器作用。除了表内业务的风险承担意愿和贷款规模外，我国银行的风险承担还可能体现在表外影子银行规模调整上。文章以2012年至2018年我国上市企业季度数据为样本，研究了经济政策不确定性如何影响银行风险承担进而影响企业投资行为。研究发现，从表内业务来看，经济政策不确定性促使银行放宽贷款审批条件，增加贷款规模，从而激励企业投资。而从表外业务来看，经济政策不确定性则会通过减小影子银行规模，降低企业投资。在重新定义与计算关键变量、删除宏观变量和考虑产权性质影响后，上述结论仍然稳健。进一步研究发现，银监会采取的一系列影子银行治理措施是银行扩大表内业务规模、缩减表外影子银行规模的重要原因。文章的研究对于优化影子银行治理、维护金融安全以及促进实体经济发展具有重要意义。
经济政策不确定性、银行风险承担与企业投资
摘要
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引用本文
潘攀, 邓超, 邱煜. 经济政策不确定性、银行风险承担与企业投资[J]. 财经研究, 2020, 46(2): 67-81.
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