摘要
随着我国金融体制的深化改革,银行业风险防范与监控问题日益凸出。相比一般公司治理而言,银行公司治理中高管的风险偏好显得更为重要。本文基于公司治理中的TMT风险偏好视角,以2003—2013年上市银行数据为样本,分析了TMT背景与风险承担的内在关系,并在此基础上,研究了这种关系在国有与非国有上市银行中的差异性。结果表明,女性比例与风险承担显著负相关;年龄与风险承担呈"∩"型关系;学历程度、专家背景与风险承担显著负相关;政治关联背景与风险承担显著正相关。产权性质的不同使得TMT背景与风险承担的相关关系在国有与非国有上市银行中呈现出不同的显著性水平。在非国有上市银行中,女性比例、学历程度、专家背景与风险承担的负相关关系均表现出了更高的显著性水平,政治关联背景与风险承担的正相关关系也更为显著。本文考虑银行公司治理中的TMT风险偏好因素,以背景特征作为风险偏好的观测变量,实证研究了TMT背景与风险承担的关系,将TMT风险偏好的讨论建立在国有和非国有上市银行的比较分析上,拓展了已有研究的深度和广度。
With China joining the WTO and the capital market being in line with international standards, the prevention of banking risk is becoming increasingly prominent. Bank Risk-taking is the risk level that, under certain conditions, banks are willing to assume and choose to take. Although Risk-taking is an active way to manage risk, excessive Risk-taking is not conducive to sustainable development of banking. Previous studies mainly focused on the macroeconomic level discussing the causes and effects of Risk-taking, relatively, few studies focused on the mi- croeconomic level. Modern Corporate Governance theory regard human capital as the core issue, it emphasizes role of human capital, especially role of Top Management Team which directly take part in making strategy. At the micro- economic level, the influence of TMT＇ s risk preference on risk-taking is far-reaching but is overlooked for a long time. When studying the Chinese company, missing the nature of property right may seriously affect the conclu- sions. Although many studies made contrast analysis on many problems of state-owned and non-state-owned enterpri- ses, study on Risk-taking of state owned-banks and non-state-owned banks is very rare. This paper is based on Agency Theory, Upper Echelon Theory, and Property Theory. The paper studies relation- ship of Risk-taking and TMT＇ s background,then make a contrast analysis of state-owned and non-state-owned listed banks on such relationship. The research shows that TMT＇ s female percentage negatively relates to the risk-taking and the relationship of age and risk-taking acts out an inverted U shape, also, degree of education negatively relates to the risk-taking, and expert background negatively relates to the risk-taking, and political background positively re- lates to risk-taking. At the same time, different nature of property right brings out different significance degree of correlations between Risk-taking and TMT＇ s backgrounds, among them, in non-state-owned banks, female percent- age shows a ne
出处
《经济管理》
CSSCI
北大核心
2015年第10期146-157,共12页
Business and Management Journal ( BMJ )
基金
国家社会科学基金一般项目"战略性新兴产业发展的金融支持效率研究"(11BJY007)
教育部人文社会科学规划基金项目"基于时频分析的外汇市场与资本市场联动关系研究"(10YJA630180)
关键词
TMT
产权性质
风险承担
公司治理
国有上市银行
非国有上市银行
TMT
property right
risk-taking
corporate governance
state-owned listed banks
non-state-owned listed banks
