东南亚国家的信贷繁荣和银行风险:信用信息共享重要吗?

IF 3.3 Q2 BUSINESS
Son Tran, D. Nguyen, Khuong Nguyen, Liem Nguyen
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引用次数: 1

摘要

目的以信用信息共享为调节因子,研究东南亚国家联盟(ASEAN)国家的信贷繁荣与银行风险之间的关系。设计/方法论/方法作者在2006-2019年期间对5个东盟发展中国家的79家上市银行样本使用了两步系统广义矩量法(SGMM)估计量:印度尼西亚、菲律宾、马来西亚、泰国和越南。此外,作者对信贷繁荣和银行风险的不同指标进行了稳健性测试。这些数据是每年收集一次的。FindingsBank风险与信贷繁荣呈正相关,与信贷信息共享负相关。此外,信贷信息共享减少了信贷繁荣对银行稳定的不利影响。作者发现,公共信贷登记处和私人信贷局在增强东盟国家银行稳定性方面都是有效的。这些结果对于具有信贷繁荣和银行风险替代指标的回归模型是稳健的。研究局限性/影响东盟国家的银行往往有强劲的贷款增长来支持经济,但这可能不利于该行业的稳定。应鼓励信贷信息共享计划,因为这些计划可能在不损害银行稳定性的情况下促进信贷增长。因此,政策制定者可以促进私人信贷局和公共信贷登记处实现其利益。作者的研究重点是东盟发展中国家,但未来的研究可以通过将这项研究扩展到其他新兴经济体来提供更多证据。对银行家和监管机构就这些问题进行的深入采访和调查可能会在未来提供更多见解。独创性/价值该研究首次考察了PCB和PCR在缓解信贷繁荣对银行风险的负面影响方面的作用。此外,作者使用基于会计和基于市场的风险度量来提供对影响的更全面的看法。最后,很少有证据表明东盟的信贷繁荣、信贷信息共享和银行风险之间存在联系,因此作者旨在填补这一空白。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Credit booms and bank risk in Southeast Asian countries: does credit information sharing matter?
PurposeThis study investigates the relationship between credit booms and bank risk in Association of Southeast Asian Nations (ASEAN) countries, with credit information sharing acting as a moderator.Design/methodology/approachThe authors use a two-step System Generalized Method of Moments (SGMM) estimator on a sample of 79 listed banks in 5 developing ASEAN countries: Indonesia, Philippines, Malaysia, Thailand and Vietnam in the period 2006–2019. In addition, the authors perform robustness tests with different proxies for credit booms and bank risk. The data are collected on an annual basis.FindingsBank risk is positively related to credit booms and is negatively associated with credit information sharing. Further, credit information sharing reduces the detrimental effect of credit booms on bank stability. The authors find that both public credit registries and private credit bureaus are effective in enhancing bank stability in ASEAN countries. These results are robust to regression models with alternative proxies for credit booms and bank risk.Research limitations/implicationsBanks in ASEAN countries tend to have strong lending growth to support the economy, but this could be detrimental to stability of the sector. Credit information sharing schemes should be encouraged because these schemes might enable growth of credit without compromising bank stability. Therefore, policymakers could promote private credit bureaus (PCB) and public credit registries (PCR) to realize their benefits. The authors' research focuses on developing ASEAN countries, but future research could provide more evidence by expanding this study to other emerging economies. In-depth interviews and surveys with bankers and regulatory bodies about these concerns could provide additional insights in the future.Originality/valueThe study is the first to examine the role of PCB and PCR in alleviating the negative impact of credit booms on bank risk. Furthermore, the authors use both accounting-based and market-based risk measures to provide a fuller view of the impact. Finally, there is little evidence on the link between credit booms, credit information sharing and bank risk in ASEAN, so the authors aim to fill this gap.
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来源期刊
CiteScore
7.20
自引率
13.20%
发文量
69
期刊介绍: The Asia Pacific Journal of Business Administration (APJBA) publishes original research on: Business Strategy and Policy, Accounting and Board Governance, Marketing and People Management, and Operations and Supply Chain Management. The journal welcomes practical and skill-based submissions in these areas. There is particular interest in submissions regarding: Sustainable Business Practices, Quality Management Practices, Innovation and Creativity in Management, as well as Managing a Learning Organisation. The Asia Pacific region is full of collaborations between government, NGOs and private enterprise. Submissions are welcome which contribute to our understanding of partnerships and the cross-cultural issues. Research methods vary, and the journal is interested in the full diverse of qualitative (case and action research, etc) as well as quantitative survey studies and their recommendations. The APJBA seeks to become a forum for both established scholars and early career researchers in all aspects of management and business in the Asia-Pacific region. Emphasis is on rigour and relevance, on theory and practice, in a globalised scholarly environment.
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