Paper Infomation
Analysis of Impact of LPR Reform on the Profitability of Commercial Banks Based on the Double Difference Model
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Author: Yingzhe Qin
Abstract: In 2019, China carried out LPR reform, which was a crucial step in the marketization of interest rates in the past thirty years. Due to the continuous implementation of a series of interest rate liberalization reform measures and the implementation of LPR reform, commercial banks, as an important part of a country's economic sector, have also been greatly affected. Due to the further reduction of the interest rate spread between deposits and loans after the LPR reform, the traditional profit model of commercial banks that relies on the interest rate spread between deposits and loans has been greatly impacted. This article studies the impact of the LPR reform on the profitability of commercial banks. By collecting relevant data from 15 listed commercial banks from 2013 to 2022 and organizing them into panel data, a DID double difference model was established using Stata software for empirical analysis. The empirical results indicate that the LPR reform in 2019 significantly changed the profitability of commercial banks. In order to ensure the normal operation of commercial banks under the trend of interest rate marketization, this article proposes some suggestions for the operation of commercial banks in the future.
Keywords: LPR Reform, Commercial Banks, DID Double Difference Model
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