商业银行特许权价值风险约束效应研究

Risk Constrains Effect of the Franchise Value of Commercial Bank

从银行特许权价值的定义入手,利用样本银行1998～2007年的年度数据,阐述和分析了银行特许权价值的风险约束效应。研究结果表明,银行特许权价值对银行的风险行为有很强的约束效应,即拥有较高特许权价值的银行不会倾向于采取过度冒险的经营行为,而那些特许权价值较低的银行会增加冒险经营的动机。

The risk restrain effect of franchise value has been analyzed by the data of 1998 to 2007, after the discussion of the definition. The results show that the bank franchise value has strong effect of restraint on the bank＇s risk behavior, that is, the banks with the higher franchise value tend to avoid the high risk behaviors, the increasing option is of great value. While those banks with lower franchise value, they will increase the risk management motivation.