市场竞争视角下农村商业银行股权结构对风险承担的影响

The Impact of the Ownership Structure of Rural Commercial Banks on Risk Taking from the Perspective of Market Competition

以2012-2017年全国212家农村商业银行为研究对象,分析农村商业银行股权结构对风险承担的影响,同时引入市场竞争,探究其是否会促使农村商业银行股权结构与风险承担关系发生变化。研究发现:(1)农村商业银行股权集中度与风险承担呈倒U型关系,股权制衡度与风险承担正相关,国有属性与风险承担正相关;(2)市场竞争可以部分调节农村商业银行股权结构与风险承担的关系,即市场竞争增强了股权集中度与风险承担的倒U型关系,同时也增强了股权制衡度与风险承担的正向关系,但并不会对国有属性与风险承担的正向关系产生影响。

Based on 212 rural commercial banks in China from 2012 to 2017,this paper analyses the impact of ownership structure of rural commercial banks on risk-taking,and introduces market competition to explore whether it will change the relationship between ownership structure and risk-taking of rural commercial banks.The research finds that:(1)the ownership concentration of rural commercial banks has an inverted U-shaped relationship with risk-taking.The balance of ownership is positively related to risk-taking,and the state-owned property is positively related to risk-taking.(2)Market competition can partly regulate the relationship between ownership structure and risk-taking of rural commercial banks.Specifically,market competition enhances the inverted U-shaped relationship between equity concentration and risk-taking,and also enhances the positive relationship between equity balance and risk-taking,but it will not affect the positive relationship between state-owned attributes and risk-taking.