Government-Owned Banks, Risks, and Political Influence: International Evidence

國有銀行股權、風險及政治因素：全球實證

10.6545/JFS.2015.23(3).2

林昆立(Kun-Li Lin)

股權 ； 銀行風險 ； 政治因素 ； 銀行監理機制 ； Ownership ； banking risk-taking ； political influence ； banking regulation

財務金融學刊

23卷3期（2015 / 09 / 30）

29 - 76

英文

本研究檢視國有銀行與風險之關係，採用2002至2012年間共89個國家為樣本。實證結果如下：第一，在開發中國家，國有銀行有較高之風險承擔。第二，在開發中國家，選舉期間將增加國有銀行之風險。第三，開發中國家若採普通法、有較高的政治穩定、較嚴格之資本監理、較透明之財務報表揭露，將可減輕政治因素不利國有銀行風險之效果。

This paper examines the relation between government-owned banks and risk-taking during the period of 2002 to 2012. Using a new database that covers 89 countries, I find that government-owned banks in developing countries tend to have higher risk-taking than those in developed countries. My findings also show that risk-taking of government-owned banks in developing countries increases during an election period. Finally, the political influence of election periods on government-owned banks weakens in developing countries that adopt common law or have higher government stability, more stringent capital regulation, and greater financial transparency.

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