经济政策不确定性和政府干预对 银行风险承担水平的影响

The effect of economic policy uncertainty and government intervention on bank risk-taking level

结合相关理论研究,利用2008—2016年我国17家全国性商业银行的平衡面板数据,通过构建固定效应模型,考察了经济政策不确定性对银行风险承担水平的影响以及政府干预的调节作用.研究结果显示,经济政策不确定性对银行风险承担水平有着显著的影响,经济政策不确定性的上升会导致银行承担更高的风险.进一步对政府干预的作用机制的分析表明,政府干预会加剧经济政策不确定性对银行风险承担水平的负面影响.

Combined with relevant theoretical research,the fixed effect model is used to examine the effect of the economic policy uncertainty on bank risk-taking and the moderating role of government intervention by using the balanced panel data of 17 national commercial banks in China from 2008 to 2016.The research results show that the economic policy uncertainty has a significant impact on the bank risk-taking level.The increase of the economic policy uncertainty will cause banks to take higher risks.Further analysis of the mechanism of government intervention shows that government intervention will exacerbate the negative impact of economic policy uncertainty on the bank risk-taking level.