ECL model and the development of shadow banking?

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2025-08-01 DOI:10.1016/j.ribaf.2025.103109

Tianyu Zheng, Kunpeng Zhang, Zhenxing Lin

引用次数: 0

Abstract

This study investigates the impact of the Expected Credit Loss (ECL) model on commercial banks in China from 2015 to 2021, focusing on both on-balance sheet and off-balance sheet shadow banking activities. The research explores whether the ECL model results in spillover governance effects or encourages regulatory arbitrage behavior. The findings indicate that following the implementation of the ECL model, banks decreased the proportion of on-balance sheet non-standard assets, especially asset-backed securities, due to the model's governance effects. However, under increased profit pressure, banks expanded off-balance sheet non-principal guaranteed financial products to engage in regulatory arbitrage. This study offers theoretical and empirical evidence to support the development of subsequent standards.

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ECL模式与影子银行的发展？

本研究考察了2015 - 2021年预期信贷损失（ECL）模型对中国商业银行的影响，重点关注表内和表外影子银行活动。研究探讨了ECL模型是否会产生溢出治理效应或鼓励监管套利行为。研究结果表明，在ECL模型实施后，由于模型的治理效应，银行降低了表内非标准资产的比例，尤其是资产支持证券。但在利润压力加大的情况下，银行扩大表外非保本理财产品，进行监管套利。本研究为后续标准的制定提供了理论和实证依据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance