政府干预下的城市商业银行风险行为

The Risk Behaviors of City Commercial Banks under the Government Intervention

本文利用中国80家城市商业银行共242个样本观测值考察了不同环境下地方政府干预如何影响城市商业银行的风险行为。城市商业银行的地域性以及信贷资源的稀缺性导致当地政府部门为了达到其经济目标对银行进行干预,研究发现,政府干预会增加银行风险,特别是政府作为股东时,这种不利影响更加严重。在检验地方政府干预作用的同时,本文对银行所在地区外部环境的差异进行的研究发现,政府规模越大的地区,其总体的风险较小,并且风险随着金融发展水平的提高而增加。因此,外部环境的差异也影响到政府干预的风险效应。

With the data of 242 observation samples of 80 city commercial banks in China,this paper investigates how the local government intervention impacts the risk behaviors of city commercial banks.The locality of city commercial banks and the scarcity of credit resources lead to local government to intervene banks in order to achieve its economic goals.The study of the paper shows that government intervention will increase the risks of banks,and especially,such adverse effects will be more serious if the government is a shareholder.When we test the role of local government intervention and study the difference in external environment of the aera in which the bank locates,we find that the overall risk is relatively small in the area with big size of government and the risk increases with the rise of the level of financial development.Therefore,the difference in external environment also impacts the risk effects of government intervention.