Corruption and bank risk-taking: Evidence from emerging economies
Corruption and bank risk-taking: Evidence from emerging economies
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腐败与银行风险承担：来自新兴经济体的证据
DOI：
10.1016/j.ememar.2015.05.009
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发表时间：
2015-09-01
影响因子：
4.8
通讯作者：
Wu, Ji
中科院分区：
文献类型：
--
作者：
Chen, Minghua;Jeon, Bang Nam;Wu, Ji
本文利用2000-2012年期间来自35个新兴经济体1200多家银行的银行层面数据，探讨了腐败对银行风险承担行为的影响。我们发现一致的证据表明，更高水平的腐败会增加银行的冒险行为，支持腐败与发展关系中的“沙轮”观点。此外，我们还考察了腐败对银行风险的间接影响，发现有证据表明，随着腐败程度的增加，货币政策对银行风险承担行为的影响更为明显。(C) 2015 Elsevier B.V.版权所有
This paper addresses the impact of corruption on banks' risk-taking behavior, using bank-level data from more than 1200 banks in 35 emerging economies during the period 2000-2012. We find consistent evidence that higher levels of corruption increase the risk-taking behavior of banks, in favor of the "sand the wheel" view in the corruption-development nexus. In addition, we examine the indirect effects of corruption on bank risks, and find evidence that the impact of monetary policy on banks' risk-taking behavior is more pronounced with the increasing severity of corruption. (C) 2015 Elsevier B.V. All rights reserved.