문화기술의 융합 (The Journal of the Convergence on Culture Technology)

  • 제7권2호
  • /
  • Pages.165-170
  • /
  • 2021
  • /
  • 2384-0358(pISSN)
  • /
  • 2384-0366(eISSN)
국제문화기술진흥원 (The International Promotion Agency of Culture Technology)
권호 표지
DOI QR코드

DOI QR Code

주택가격변동이 지방은행의 경영성과에 미치는 영향

The Effect of Housing Price Changes on the Performance of Korean Regional Banks

  • 한명훈 (강원대학교 산학협력단) ;
  • 정헌용 (남서울대학교 경영학과)
  • 투고 : 2021.03.04
  • 심사 : 2021.04.16
  • 발행 : 2021.05.31
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

본 연구는 주택가격의 변화가 우리나라 지방은행의 경영성과에 미치는 영향을 DOLS 모형을 이용하여 분석하였다. 분석 결과, 주택가격변동률은 지방은행의 성장성, 수익성 및 건전성에 모두 통계적으로 유의한 영향을 미치지 못하는 것으로 나타났다. 거시경제변수 중에서 단기금리만이 어떠한 모형에서도 유의한 양(+)의 영향을 미치는 것으로 나타났다. 이는 단기금리가 상승하면 지방은행이 대출을 유의하게 증가시키고 이는 수익성의 유의한 증가를 가져오지만 건전성에는 유의한 부정적 영향을 미치는 것을 의미한다. 반면에 은행특성변수들은 대부분 지방은행의 성장성, 수익성 및 건전성에 유의한 음(-)의 영향을 미치는 것으로 나타났다.

This study analyzed the effect of housing price changes on the performance of Korean regional banks using DOLS model. The analysis shows that housing price changes does not have a statistically significant effect on the loan growth, profitability and soundness of regional banks. Among macroeconomic variables, only short-term interest rates have a significant positive effect on any model. This means that a rise in short-term interest rates significantly increases loans by regional banks, which leads to a significant increase in profitability, but has a significant negative impact on soundness. On the other hand, bank characteristics variables are found to have a significant negative effect on the loan growth, profitability and soundness of Korean regional banks.

키워드

참고문헌

  1. D. E. P. Zhu, "Bank lending and commercial property cycles: Some cross-country evidence," Journal of International Money and Finance, Vol 30, pp. 1-21, 2011. https://doi.org/10.1016/j.jimonfin.2010.06.005
  2. H. Jung, "The effect of capital adequacy requirements on the profitability of Korean Banks," The Journal of the Convergence on Culture Technology, Vol. 7, No.1, pp. 511-517, 2021. http://dx.doi.org/10.17703/JCCT.2021.7.1.511
  3. S. Gerlach and W. Peng, "Bank lending and property prices in Hong Kong," Journal of Banking & Finance, Vol. 29, pp. 461-481, 2005. https://doi.org/10.1016/j.jbankfin.2004.05.015
  4. M. Koetter and T. Poghosyan, "Real estate prices and bank stability," Journal of Banking & Finance, Vol. 34, pp. 1129-1138, 2010. https://doi.org/10.1016/j.jbankfin.2009.11.010
  5. H. Pan and C. Wang, "House prices, bank instability, and economic growth: Evidence from the threshold model," Journal of Banking & Finance, Vol. 37, pp. 1720-1732, 2013. https://doi.org/10.1016/j.jbankfin.2013.01.018
  6. J. Cloyne, K. Huber, E. Ilzetzki, and H. Kleven, "The effect of house prices on household borrowing: A new approach," American Economic Review, Vol. 109, pp. 2104-2136, 2019. https://doi.org/10.1257/aer.20180086
  7. Y. Ok, J. Kim, and Y. J. Park, "The effect of housing prices on bank performance in Korea," Sustainability, Vol. 11, pp. 1-14, 2019. https://doi.org/10.3390/su11226242
  8. R. N. Killins, "Real estate prices and banking performance: evidence from Canada," Journal of Economics and Finance, Vol. 44, pp. 78-98, 2020. https://doi.org/10.1007/s12197-019-09474-8
  9. S. W. Joh and S. Jeong, "The effects of housing price on the banking Sector performance-Evidence from MSA data in the US-, Economic Analysis, Economic and Social Research Institute, Vol. 196, pp. 241-263, 2017.
  10. X. Che, B. Li, K. Bao, and J. Wang, "Property prices and bank lending: Some evidence from China's regional financial centers," Procedia Computer Science, Vol. 4, pp. 1660-1667, 2011. https://doi.org/10.1016/j.procs.2011.04.179
  11. C. Hott, "Lending behavior and real estate prices, Journal of Banking & Finance, Vol. 35, pp. 2429-2442, 2011. https://doi.org/10.1016/j.jbankfin.2011.02.001
  12. C. Goodhart and B. Hoffman, "House prices, money, credit, and the macroeconomy, Oxford Review of Economic Policy, Vol. 24, pp. 180-205, 2008. https://www.jstor.org/stale/23606731 https://doi.org/10.1093/oxrep/grn009
  13. J. C. Park, "The difference in financial performance between commercial banks and local banks," Tax Accounting Research, Vol 28, pp. 1-17, 2011. https://doi.org/10.35349/tar.2011.28.001