金融监管制度、机构成本效率与机会主义中介效应
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财经研究 2013 年 第 39 卷第 04 期, 页码：27 - 38
摘要
参考文献
摘要
文章通过引入金融机会主义行为这一转轨时期典型特征变量,建立中介效应分析模型,对监管制度与机构效率的关系机理进行了理论与实证研究。结果表明:机会主义对金融监管与机构效率具有显著的中介效应,且不同类型机会主义行为的中介作用路径和程度存在差异,进而对效率产生不同影响;监管制度供给和不同制度的交互影响会对机会主义及效率产生显著影响。此外,经验研究也揭示了扩大金融机构业务自主权、强化市场监督、推动国有股减持和深化公司治理改革等措施有利于改善机构效率;监管制度供给既应重视对机构效率的直接影响效应,又应注重对机会主义行为的治理作用。
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[3]万良勇.银行道德风险、利益侵占与信贷资金配置效率——基于中国上市公司的经验证据[J].金融研究,2010,(4):177-190.
[4]吴玮.资本监管与商业银行行为研究[D].西南财经大学博士学位论文,2011.
[5]徐辉,李健,钟惠波.银行效率与不良贷款冲击效应的实证研究——基于SFA测度分析的运用[J].金融评论,2012,(3):29-40.
[6]徐辉,李健.金融监管制度与机会主义行为机理研究[J].当代经济科学,2012,(3):81-90.
[7]严也舟.上市公司大股东——管理者合谋与公司治理效率研究[D].华中科技大学博士学位论文,2010.
[8]Battese G E,Coelli T J.A model for technical inefficiency effects in a stochastic frontierproduction function for panel data[J].Empirical Economics,1995,20(2):325-332.
[9]Barth J,Lin C,Ma Y,Seade J,Song F M.Do bank regulation,supervision and moni-toring enhance or impede bank efficiency?[R].SSRN Working Paper,2010,(3).
[10]Chortareas G E,Girardone C,Ventouri A.Bank supervision regulation and efficiency:Evi-dence from the European union[J].Journal of Financial Stability,2012,8(4):292-302.
[11]Caprio G,Levine R.Corporate governance in finance:Concepts and international ob-servations[A].Litan R E,Pomerleano M,Sundararajan V,eds.Financial sector govern-ance:The roles of the public and private sectors[C].Washington,DC:Brookings Insti-tution Press,2002.
[12]Cornett M M,Ors E,Tehranian H.Bank performance around the introduction of asection 20subsidiary[J].Journal of Finance,2002,57(1):501-521.
[13]Gale D.Capital regulation and risk sharing[J].International Journal of Central Bank-ing,2010,6(4):187-204.
[14]Li Yong,Mancang Wang.Capital regulation,monetary policy and asymmetric effects ofcommercial bank’s efficiency[J].China Finance Review International,2012,2(1):5-26.
[15]MacKinnon D P,Lockwood C M,Hoffman J M,et al.A comparison of methods totest mediation and other intervening variable effects[J].Psychological Methods,2002,7(1):83-104.
[16]Pasiouras F,Tanna S,Zopounidis C.The impact of banking regulations on banks’cost and profit efficiency:Cross-country evidence[J].International Review of FinancialAnalysis,2009,18(5):294-302.
[17]Sobel M E.Direct and indirect effects in linear structural equation models[M].CA:Sage:Common problems/proper solutions,Beverly Hills,1988.
[18]Ting S,Chen C,Bartholomew D E.An integrated study of entrepreneurs’opportun-ism[J].Journal of Business&Industrial Marketing,2007,22(5):322-335.
[19]Vafai K.Opportunism in organizations[J].The Journal of Law,Economics&Organ-ization,2010,26(1):158-181.
[20]Williamson O E.The economic institutions of capitalism[M].New York:Free Press,1985...
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徐辉, 李健. 金融监管制度、机构成本效率与机会主义中介效应[J]. 财经研究, 2013, 39(4): 27–38.
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