Local official turnover and bank risk-taking: Evidence from China

IF 5.6 2区 经济学 Q1 BUSINESS, FINANCE
Siyu Zhang , Rongli Yuan , Yukun Li , Li Chen , Danglun Luo
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引用次数: 0

Abstract

This study investigates the impact of turnover among local government officials on the risk-taking of local commercial banks in China. Our findings reveal a positive relationship between official turnover and risk-taking in banks. The observed effect is mainly due to a deterioration in credit allocation and heightened competition among banks. Heterogeneous analysis indicates that the impact is more significant in non-election years, in years of enhanced anti-corruption efforts, in regions with poor credit environments, and among smaller banks or banks without political connections. Additionally, compared to normal and local turnover, the positive impact of local official turnover on banks' risk-taking is more pronounced for abnormal and non-local turnovers. These insights deepen our understanding of the economic consequences of official turnover on commercial banks and offer valuable perspectives for banks' risk management strategies.
地方官员更替与银行风险承担:来自中国的证据
本研究探讨了地方政府官员更替对中国地方商业银行风险承担的影响。研究结果表明,官员流动与银行风险承担之间存在正相关关系。观察到的影响主要是由于信贷分配的恶化和银行间竞争的加剧。异质性分析表明,这种影响在非选举年、反腐力度加大的年份、信贷环境较差的地区以及小型银行或没有政治关系的银行中更为显著。此外,与正常更替和地方更替相比,地方官员更替对银行风险承担的积极影响在非正常更替和非地方更替中更为明显。这些见解加深了我们对官员更替给商业银行带来的经济后果的理解,并为银行的风险管理策略提供了有价值的视角。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.10
自引率
4.20%
发文量
85
审稿时长
100 days
期刊介绍: The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.
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