Supervisory independence and bank risk: Evidence from China

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2025-07-01 DOI:10.1016/j.ribaf.2025.103040

Pin Guo , Zhao Zhang , Ling Ling , Zhongyu Cao

引用次数: 0

Abstract

This study explores the causal effect of supervisory independence on bank risk. Exploiting the merger of the China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CRIC) in 2018 as a shock to supervisory independence, we find that increased supervisory independence is significantly associated with reduced bank capital risk, credit risk, and liquidity risk. These effects are particularly prominent for unlisted banks, high-risk banks, and banks headquartered in cities with lower economic growth or fiscal deficit. We further find that supervisory independence strengthens banking stability without compromising asset growth, credit provision, profitability, and operational efficiency.

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监管独立与银行风险：来自中国的证据

本研究探讨监管独立性对银行风险的因果关系。以2018年中国银行业监督管理委员会（CBRC）和中国保险监督管理委员会（CRIC）合并对监管独立性的冲击为例，我们发现，监管独立性的增强与银行资本风险、信用风险和流动性风险的降低显著相关。这些影响对于未上市银行、高风险银行以及总部位于经济增长较低或财政赤字较低城市的银行尤为突出。我们进一步发现，监管独立性在不影响资产增长、信贷供应、盈利能力和运营效率的情况下增强了银行业的稳定性。

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

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance