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《Journal of Finance》 2004-06
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On the Endogenous Nature of the Non-performing Loans of the State-owned-bank of China: An analytical Framework Based on the Dual Soft-budget Constraint Theory

Shi Huaqiang  
The paper probes into the mechanism and institutional arrangement that are crucial for the formation and the dynamic accumulation of NPLs of SOB by using the analytical framework of dual soft budget constraints( SBC), which is the SBC of state - owned - enterprises(SOEs)and that of state - owned - banks(SOBs) . By analyzing the sunk costs initially caused by SBC of SOEs, the speculation for resurrection instigated by the SBC of SOBs, and the tragedy of commons of SOBs caused by local governments seeking to free - ride the SBC of SOBs, the paper reveals the endogenous nature of the NFL problem of the SOBs and stresses the importance of hardening dual SBC, especially that of SOBs for banking reform in China.
【CateGory Index】: F832.4
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1 Liu Xinhua~1 Xian Wen~2;The Reform of the State-Owned Commercial Banks: An Angle of Regional Imbalance Development[J];Finance and Economics;2005-05
2 Xu Yan~1 He Zerong~2;An Analysis of Opportunism Behaviors on State-owned Commercial Banks in Their Management[J];Finance and Economics;2005-05
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5 Wang Xingnan;An Economic Analysis of the Spreading Phenomena of Paying Debts in Kind by Commercial Banks[J];Finance Forum;2005-09
6 LIU Qing LIU Zhi-yuan ZHANG Jian;Reshuffle of Senior Banking Officials and Escalation of Commitment of Non-Performing Loans——From the Perspective of Provision Against and Splitting off NPL[J];Finance Forum;2007-02
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3 YU Rui-xian,ZHOU Jiang(School of Business,Beijing Institute of Machinery,Beijing 100085,China);New idea of credit risk management of commercial banks in China[J];Journal of Beijing Institute of Machinery;2007-02
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9 CHEN Wei~1,CHEN XI~2(1.School of Accounting,Congqing Institute of Technology,Chongqing 400050,China;2.Internation Dept.,Jiangxi Branch of China's Commercial Bank,Nanchang 330008,China);Constructing the Internal Contrd System of China's Commercial Banks[J];Journal of Chongqing Institute of Technology;2004-06
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