Regression with <i>CAR</i> as the threshold variable.

We study 33 Chinese banks from December 2009 to December 2020 to examine the moral hazard behavior of Chinese banks from the perspective of nonperforming loans (NPLs). The results show that banks with low returns are more likely to engage in risk-taking behavior and have a high number of NPLs. The government could adopt regulations that would help joint stock banks to be more prudential and encourage city and rural banks to take more risks.本文选取2009年12月至2020年12月间的33家中国银行为研究样本，从不良贷款（nonperforming loans, NPLs）的视角出发，探究中国银行业的道德风险行为。研究结果表明，收益水平较低的银行更易采取风险承担行为，且不良贷款规模显著更高。政府可通过制定相关监管政策，助力股份制银行保持更为审慎的经营风格，并鼓励城市及农村银行适度承担风险。