Li Shouwei, Pan Qing, He Jianmin
School of Economics and Management, Southeast University, Nanjing, 211189 China.
Springerplus. 2016 Jan 22;5:61. doi: 10.1186/s40064-016-1693-8. eCollection 2016.
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.
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，然后研究其对银行收益的影响。基于中国的数据，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；银行的风险厌恶情绪和隐性利息支出对银行收益有相当大的影响。
