竞争、冒险行为与商业银行的稳定性——来自肯尼亚的证据

IF 1.4 Q3 ECONOMICS
Purity Wanjiru Wahinya, Rogers Ochenge Ondiba, Peter Wang’ombe Kariuki
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引用次数: 0

摘要

目的本研究分析了竞争和冒险行为对肯尼亚商业银行稳定性的影响。设计/方法/方法从已发布的财务报表中提取了肯尼亚36家持牌商业银行2001-2002年的不平衡面板数据集。采用两步系统广义矩量法(GMM)建立了动态面板数据分析模型。研究结果表明,竞争增强了银行的稳定性,而银行的冒险行为与实力呈反比。实际含义该研究证实了竞争稳定性关系,意味着可以采取措施促进集中度降低的银行之间的竞争。这些措施可能包括但不限于减少进入壁垒和优化资本要求。其次,应努力确保银行过度冒险。建议采用具有明确警告标志的精密暴露监测系统。独创性/价值这项研究在几个方面是独一无二的。首先,它采用了结构性和非结构性的竞争衡量标准以及银行风险承担行为的事后标准。其次,与以往的研究相反,本研究使用了各种企业层面的银行稳定性指标。最后,它从发展中经济体的角度提供了重要的经验证据,发展中经济的体制和宏观经济环境与发达经济体的体制和微观经济环境有很大不同。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Competition, risk-taking behavior and stability of commercial banks: evidence from Kenya
PurposeThis study analyzes the effects of competition and risk-taking behavior on the stability of commercial banks in Kenya.Design/methodology/approachAn unbalanced panel dataset of 36 licensed commercial banks in Kenya for 2001–2020 was extracted from the published financial statements. A dynamic panel data analysis model, a two-step system generalized method of moments (GMM), was employed.FindingsThe results indicate that competition reinforces bank stability, whereas banks’ risk-taking behavior has an inverse relationship with strength.Practical implicationsThe study confirms the competition-stability nexus, implying that measures may be implemented to foster competition among banks with reduced concentration. These measures may include, but are not limited to, reduced entry barriers and optimal capital requirements. Second, efforts should be made to ensure excessive risk-taking by banks. Employing an elaborate exposure monitoring system with clear warning signs is recommended.Originality/valueThis study is unique in several ways. First, it employs structural and nonstructural measures of competition and ex post standards of banks’ risk-taking behavior. Second, contrary to past studies, this study uses various firm-level measures of bank stability. Lastly, it provides essential empirical evidence from the context of a developing economy, whose institutional and macroeconomic environments differ significantly from those of a developed economy.
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来源期刊
CiteScore
3.20
自引率
7.70%
发文量
41
期刊介绍: African Journal of Economic and Management Studies (AJEMS) advances both theoretical and empirical research, informs policies and practices, and improves understanding of how economic and business decisions shape the lives of Africans. AJEMS is a multidisciplinary journal and welcomes papers from all the major disciplines in economics, business and management studies.
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