Text readability of regulatory policies and bank profit efficiency

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2025-08-01 DOI:10.1016/j.ribaf.2025.103096

Yuejiao Duan , Xiaoyun Fan , Zijun Wang

引用次数: 0

Abstract

Using 554 banks from China over the 2009–2023 period, we empirically examine the impact of the regulatory policies' text readability on bank profit efficiency. The results show that enhanced text readability of banking regulatory policies significantly improves bank profit efficiency. The conclusion remains robust after endogeneity and robustness tests. We verify that enhanced regulatory policies' text readability will lead to an increase in bank proactive risk-taking and a reduction in bank compliance and operating costs, thereby increasing profit efficiency. Furthermore, we find that macroprudential regulation and bank financial technology (FinTech) development serve as negative moderating roles between regulatory policies' text readability and bank profit efficiency. Our research also indicates that the profit efficiency of non-state-owned banks and non-listed banks is more susceptible to the changes in regulatory policies' text readability.

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监管政策的文本可读性与银行利润效率

本文以2009-2023年中国554家银行为样本，实证检验了监管政策文本可读性对银行利润效率的影响。结果表明，银行监管政策文本可读性的增强显著提高了银行的利润效率。经内生性检验和稳健性检验，结论保持稳健性。我们验证了增强的监管政策文本可读性将导致银行主动承担风险的增加，银行合规和运营成本的降低，从而提高利润效率。宏观审慎监管和银行金融科技（FinTech）发展在监管政策文本可读性与银行利润效率之间起负向调节作用。研究还表明，非国有银行和非上市银行的利润效率更容易受到监管政策文本可读性变化的影响。

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