摘要
本文以我国2007—2016年16家上市银行为分析对象,把高管所拥有的社会资本划分为政治资本、金融资本以及其他社会资本三类,研究了其对银行风险承担的影响。研究结果表明,在考虑多个影响因素的情况下,三类社会资本对银行风险均呈现较为显著的负效应。引入银行绩效和治理水平两个因素后分析发现,在银行绩效的影响下,政治资本和其他社会资本会增加银行风险。在治理水平的作用下,银行高管的社会资本则更多体现为风险抑制作用。
Based on the panel data of 16 listed banks in China from 2007 to 2016, this paper investigates how so-cial capital, which is formed byexecutives＇ different career experience, influences the risk of bank. The paper divides the social capital intothree different categories, which are political capital, financial capital and other social capital, and examines the impact from these social capital on bank risk-taking. The results of the study show that three kinds of social capital all have a significantly negative effect on bank risk by controlling multiple variables.After introducing bank performance and governance ability, the paper finds that the risk of banks is more likely to increase under the in-fluence of political capital and other social capital when banks have a good performance. As for the influence of indepen-dent directors, the social capital of bank executives is likely to reduce risk. Our study provides insights and useful refer- ence for the decision of appointments and dismissals on bank executives in the context of China’s ’’GuanXi＂ society.
出处
《金融发展研究》
北大核心
2017年第9期78-83,共6页
Journal Of Financial Development Research
关键词
银行风险承担
社会资本
政治关联
bank risk-taking, social capital, political connections
