信息披露、市场约束与银行风险承担行为

Information Disclosure,Market Discipline and Risk-taking Behaviors of Banks

文章运用我国14家主要商业银行2000-2008年间的数据,实证研究了银行信息披露与其风险承担行为之间的关系,研究表明信息披露能否发挥其市场约束功能取决于相应的制度基础和市场环境,只有当金融体系的市场化程度较高,且银行能充分有效地披露其风险信息时,来自债权人的市场约束行动才能真正发挥对银行风险承担行为的约束作用。

The paper empirically studies the effect of banks＇ information disclosure on their risk-taking behaviors based on the data of 14 primary commercial banks from 2000 to 2008. It indicates that the function of information disclosure as reducing the risk-taking behaviors of banks depends on the corresponding institutional foundation and market environment. The market discipline actions of creditors can completely serve as reducing the risk-taking behaviors of banks only under the higher financial marketization degree and the complete and effective risk information disclosure of banks.