法治化营商环境建设与商业银行风险——基于专业破产审判庭的视角

Law-Based Business Environment and Commercial Bank Risk--Evidence from Professional Bankruptcy Courts

本文利用专业破产审判庭对地区司法效率产生的外生变化,考察法治化营商环境建设对商业银行风险的影响。研究表明,法治化营商环境建设能够使银行风险降低约12.19%,降低银行管理成本是司法效率提升进而降低商业银行风险的重要机制。当银行所在地区法治环境差、司法透明度低、地方政府干预力度大时,法治化营商环境建设对商业银行风险的抑制效应更明显。司法效率的提升能够促使商业银行优化其贷款结构,增加对企业的贷款发放。

High quality law-based business environment is the cornerstone to support financial development.This paper examines how the exogenous changes in regional judicial efficiency caused by professional bankruptcy courts affect the risks of commercial banks.This paper uses a regional court data platform to construct a new dataset for the construction of law-based business environment.Research shows that the construction of law-based business environment can reduce bank risks by about 12.19%.Reducing bank management costs is an important mechanism for improving judicial efficiency and reducing commercial bank risks.The inhibitory effect is more pronounced when the legal environment in the region where the bank is located is poor,judicial transparency is low,and local government intervention is strong.It is also found that the improvement of judicial efficiency can encourage commercial banks to optimize their loan structure and increase loan disbursement to enterprises.The research conclusion has important implications for creating a first-class law-based business environment,strengthening the financial stability guarantee system,and promoting high-quality economic development.