监管官员治理与商业银行风险防控研究

After the global financial crisis in 2008, a lot of countries have begun to explore the theory of financial regulation and reform practice, hoping to further improve the bank's regulatory policies to prevent and defuse financial risks. The literature begins to pay attention to the influence of regulators on the bank risk. In China, banking regulators (such as Provincial Bureau Chiefs of China Banking Regulatory Committee) are also government officials, and the existing studies pay less attention to regulators. From the perspective of official governance, this research tends to study whether and how regulatory officials’ tenure, turnover and communication affect commercial banks’ risk. According to literature, we figure out the channels from regulatory officials’ characteristics to banks’ risk: off-site regulation (capital regulation, liquidity regulation) and on-site inspection, analyze the underlying mechanism through a theoretical model and put forward the hypotheses, then use combined data of regulators’ features, regulation enforcement and banks’ balance sheets to empirically test the theoretical hypothesis. This research tries to reveal the role of governance of regulatory official in preventing banks’ risk, discover the advantages and disadvantages, in order to make suggestions to the improvement of the system and reveal the heterogeneous effects of different enforcement modes on bank risk prevention, in order to provide the basis for the conservation of regulatory resources and improvement of regulation practice.

在2008年全球金融危机以后，各国纷纷展开金融监管领域的理论探讨与改革实践，希冀进一步完善银行监管政策，防范化解金融风险。银行监管领域的文献开始关注监管者对银行风险的影响。在中国，银行监管者（如银监局局长）同时也是政府官员，现有中文文献对监管官员行为着墨不多。本课题拟从官员治理角度，系统地研究监管官员任期、异地交流和更替是否影响以及如何影响商业银行风险承担。文献梳理监管官员防控银行风险的途径：非现场监管（资本监管、流动性监管）和现场检查，理论模型分析作用机理并提出“待检验假说”，利用监管官员治理特征、监管指标与银行资产负债表的匹配数据，对理论假说进行实证检验。揭示监管官员治理在银行风险防控上的作用，从中识别出优势与不足，为制度的设计与完善提供参考；揭示在给定监管官员治理特征的约束条件下，不同监管方式在银行风险防控上的异质性效应，为监管实践中提高监管效率节约监管资源提供参考。

课题组发表标注本项目的论文7篇，包括《经济研究》2篇，《经济学》（季刊）1篇，《金融研究》2篇，《国际金融研究》1篇，《Energy Policy》（SSCI一区）1篇。在2008年全球金融危机以后，各国纷纷展开金融监管领域的理论探讨与改革实践，希冀进一步完善银行监管政策，防范化解金融风险。本课题从监管治理角度，系统地研究商业银行风险承担的成因、后果与治理；在金融监管的体系框架下，拓展研究金融市场风险与监管，金融监管政策改革对银行风险偏好和信贷结构的影响。以及金融风险的微观表现企业高杠杆与结构性分化等问题。本课题揭示监管治理、监管政策在银行风险防控上的作用，对于金融监管制度完善提供参考。