特许权价值、公司治理机制和商业银行风险承担

发布时间：2018-01-08 11:21

本文关键词：特许权价值、公司治理机制和商业银行风险承担　出处：《金融论坛》2010年10期 　论文类型：期刊论文

【摘要】：本文运用中国34家商业银行2006~2009年的数据,对特许权价值和公司治理机制与银行风险承担的关系进行实证研究发现,特许权价值能够显著降低风险承担;在未上市城市商业银行中,第一大股东持股比例越高风险承担越高,而前十大股东持股比例却与风险承担负相关;董事会规模与风险承担负相关,而对未上市城市商业银行风险承担未产生显著影响;尽管高管持股现象并不普遍,但高管持股能够显著增加银行风险承担;第一大股东性质、独立董事比例以及薪酬最高的前三名高管的平均薪酬并没有对风险承担产生显著影响,表明独立董事尚未充分发挥职能。
[Abstract]:Based on the data of 34 commercial banks in China from 2006 to 2009, this paper makes an empirical study on the relationship between the franchise value and corporate governance mechanism and the risk assumption of banks. The concession value can significantly reduce the risk bearing; In the unlisted city commercial banks, the higher the shareholding ratio of the first largest shareholder, the higher the risk assumption, but the negative correlation between the top ten shareholders' shareholding ratio and the risk bearing; The size of the board of directors is negatively correlated with the risk bearing, but has no significant effect on the risk assumption of the commercial banks in the unlisted cities. Although the phenomenon of executive ownership is not common, it can significantly increase the risk bearing of banks. The nature of the first shareholder, the proportion of independent directors and the average pay of the top three top executives did not have a significant impact on risk-taking, suggesting that independent directors were not fully functional.
【作者单位】：山东大学经济学院金融系;
【基金】：教育部人文社科重点研究基地重大项目(07JJD630002)、教育部“新世纪优秀人才支持计划(NCET-10-0517)” 山东大学自主创新项目(IFW09147)、山东大学“985”项目“金融理论与政策研究”的部分研究成果
【分类号】：F832.3
【正文快照】： 一、导言金融危机的发生和巴塞尔新资本协议的实施使人们开始关注银行的风险问题,如何更好地监督银行使其更加稳定发展引起了理论界的广泛关注。在公司中,作为公司治理主体的利益相关者总会积极寻找投资机会并做出最大化自身利益的最优决策。然而,不同利益相关者对待风险的态

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