金融机构经营风险的“羊群效应”与政府审计治理机制研究——基于2016年金融机构资产负债损益审计结果的分析

The Study on Herd Effect of Operating Risk in Financial Institutions and the Governance Mechanisms of Government Audit——Based on the Analysis of Audit Results of Financial Institutions's Profit and Loss of Assets and Liabilities Published in 2016

对2016年审计署公布金融机构资产负债损益审计结果的分析表明,金融机构在经营风险偏好上存在明显的"羊群效应"。从"羊群效应"的形成机制看,政府、金融机构和企业都扮演着各自不同的角色。为抑制金融机构经营风险的"羊群效应"并保障金融系统安全,应充分发挥政府审计的"免疫系统"功能,促进政府审计在目标控制、外部监督、审计公告约束与公司治理框架完善等方面作用的发挥,以分散金融市场风险,保持金融市场稳定。

By analyzing the audit results of financial institutions＇s profit and loss of assets and liabilities published by NAO in 2016, the herd effect of operating risk in financial institutions is obvious. Seeing from mechanisms of formation of herd effect, governments at all levels, financial institutions and enterprises play different roles. In order to refrain the herd effect of operating risk in financial institutions and to ensure the security of the financial system, the immune system functions government audit should be brought into full play. The government audit plays important roles in target control, external supervision, audit announcement constraint and perfecting corporate governance framework. Thus, financial market risk can be dispersed and the financial market remain stable.