摘要
选取2007 ～2011年我国16家上市银行为样本,研究CEO权力、政治关联是否影响银行业绩风险,以及CEO权力同政治关联之间的交互作用.研究发现,无论采用普通最小二乘法还是工具变量法：CEO权力同银行业绩风险正相关；政治关联单独与银行业绩风险具有正向关系；针对强势CEO银行业绩风险施加更多的政治关联,银行业绩风险反而会降低.
This paper, based on the sample data of listed banks of China in 2007 - 2011, examines whether bank perform- ance risk is a factor influenced by chief executive officer （CEO） power and political connections and the interaction between these factors. Whatever by ordinary least square or instrumental variable method, the result shows that： CEO power is posi- tively associated with bank performance risk; political connections alone have a positive relationship with bank performance risk; when a CEO has more power with higher political connections, he will take on less performance risk. In brief, CEO power changes the relationship of political influence with bank performance risk.
出处
《软科学》
CSSCI
北大核心
2013年第11期22-26,共5页
Soft Science
基金
国家杰出青年基金项目(70525005)
高等学校博士后学科点专项科研基金资助项目(20100470815)
关键词
CEO权力
政治关联
银行业绩风险
CEO power
political connections
bank performance risk
