摘要
本文基于我国62家城市商业银行(以下简称"城商行")在2008-2013年间的非平衡面板数据,实证研究了境外战略投资者入股对城市商业银行风险承担的影响,并考察了女性董事对境外战略投资者与城商行风险承担的调节作用。实证结果表明,样本期间,城商行的风险水平并没有因境外战略投资者的入股而得到抑制,反而随着境外战略投资者持股比例的增加而提高,但这种影响会随着女性董事的引入而弱化,并且会随着女性董事比例的增加而逐步降低。同时,国有城市商业银行的风险承担与女性董事呈显著的倒"U"形关系,即当董事会中女性董事的比例超过16.68%时才能对城商行的风险承担产生有效的抑制作用,但这种作用在非国有控股的城商行中并不显著。
Using an unbalanced panel data of 62 urban commercial banks＂ 222 samples in 2008-2013 in China, this paper examines the relationships between the foreign strategic investors and city commercial banks＂ risk and further examines the female directors＂ impact on the relationship. Analysis shows that, China＇s urban commercial banks＂ risk have not been suppressed by foreign strategic investors, but increased with the increase of foreign strategic investors holding. But this will be weakened by female directors, and will gradually reduce with the increase of the number of female directors. Further studies have found that, the risk taking of state-controlled urban commercial banks has a positive correlation with female directors, an inverted U-shaped relationship. That means that only when the proportions of female directors surpass 16.68% in the board of directors, can they produce an inhibiting effect on urban commercial hanks＂ risk taking, however, this kind of effect is not that obvious in non-state-owned holding urban commercial banks.
出处
《国际金融研究》
CSSCI
北大核心
2017年第5期56-65,共10页
Studies of International Finance
基金
国家社科基金一般项目(16BGL051)的阶段性成果
安徽省高校学术技术带头人培养资助项目资助
关键词
境外战略投资者
女性董事
城商行
风险承担
The Foreign Strategic Investors
Female Directors
Municipal Commercial Banks
Banks′ risk-Taking
