摘要
银行业风险防范的底线是守住不发生系统性风险。本文基于我国上市银行的会计信息可比性角度探究市场监督在银行风险防范中的作用。研究发现,会计信息可比性提高能够降低银行风险承担水平,即“紧箍咒”效应。具体而言,会计信息可比性提高能够降低银行内部与外部之间的信息不对称,且主要通过减少道德风险问题、弱化管理者自由裁量权以及增强内部风险控制三种渠道。会计信息对银行风险承担的“紧箍咒”效应在银行规模、系统重要性等方面有明显的异质性。进一步分析发现,存款利率市场化使银行需要为自身高风险投资行为承担资金成本上升的代价,“紧箍咒”效应也有所增强。此外,银行风险防范不仅需要依靠政府力量,还可以发挥市场作用。此研究发现有利于拓展对政府和市场关系的认识。
The prevention of banking risks is important to guard against systemic risks.This paper explores the role of market supervision in banking risk prevention from the perspective of the comparability of accounting information of listed banks in China.The research findings show that accounting information has a restraining effect on banks'risk-taking.That is,the improvement in the comparability of accounting information can reduce the level of banks'risk-taking.Specifically,the enhancement of the comparability of accounting information can reduce the information asymmetry between the inside and outside of banks.And it mainly influences banks'risk-taking through three channels:reducing moral hazard problems,weakening managers'discretionary power,and strengthening internal risk control.Moreover,the restraining effect of accounting information on banks'risk-taking has significant heterogeneity in aspects such as bank size and systemic importance.Further analysis reveals that the marketization of deposit interest rates makes banks bear the cost of rising capital for their high-risk investment behaviors,and the restraining effect of accounting information on banks'risk-taking has been strengthened.The research in this paper indicates that the prevention of banking risks not only needs to rely on the power of the government but also can give play to the role of the market.This finding is conducive to expanding the understanding of the relationship between the government and the market.
作者
梁燚焱
张勇
陈宓舟
宋欣洋
Liang Yiyan;Zhang Yong;Chen Mizhou;Song Xinyang
出处
《统计研究》
北大核心
2025年第5期92-103,共12页
Statistical Research
基金
国家博士后科学基金面上项目“金字塔股权结构对我国商业银行风险承担的作用机理、效应与对策研究”(2023M743236)
河南省软科学研究计划项目“金字塔股权结构对我国商业银行风险承担的影响研究”(242400412044)
国家社会科学基金一般项目“宏观经济不确定性下货币政策传导梗阻机制与调控政策研究”(22BJL022)。
关键词
会计信息
可比性
银行风险
市场监督
Accounting Information
Comparability
Bank Risk-taking
Market Supervision
