外文翻译--在发展中经济下的银行资本比率的决定因素.docVIP

毕业论文外文翻译 外文题目：The Determinants of Bank Captial Ratios in a Developing Economy 出 处： Asia-Pacific Finan Markets 作 者： Rubi Ahmad.M.Ariff.Michael J. Skully The Determinants of Bank Capital Ratios in a Developing Economy Rubi Ahmad · M. Ariff · Michael J. Skully Abstract This paper reports new ?ndings on the determinants of bank capital ratios. The results are from an unbalanced panel data set spanning eight years around the period of the 1997–1998 Asian ?nancial crisis. Test results suggest a strong positive link between regulatory capital and bank management’s risk-taking behaviour. The risk-based capital standards of the regulators did not have an in?uence on how regulatory capital is adjusted by low-capitalized banks, perhaps due to the well-documented banking fragility during the test period. Finally, bank capital decisions seem not to be driven by bank profitability, which ?nding is inconsistent with developed country literature that has for long stressed the importance of banks’ earnings as driving capital ratios. Although the study focuses only on one developing economy, these ?ndings may help to identify the correlates of bank capital ratios in both developed and developing economies since this topic has received scant attention of researchers. These ?ndings are somewhat consistent with how banks engaging in risky lending across the world could have brought on the 2007–2008 banking liquidity and capital erosion crisis. Keywords Bank risk · Capital ratios · Financial crisis and capital · Risk-based capital · Risk index · Capital and earnings 1 Introduction This paper examines, using panel data technique, howbanking ?rms in a small eveloping economy (Malaysia) set their capital ratios and whether these capital decisions are associated with their risk-taking as well as changes in regulatory capital requirements. A veri?cation of t