经济学院王蕊博士（第一作者）与深圳大学隋钰冰博士合作撰写的论文“Political institutions and foreign banks’ risk-taking in emerging markets”在SSCI期刊 Journal of Multinational Financial Management（JMFM）上发表（2019年9月，第51期，45-60页），由Elsevier（爱思维尔）出版社出版。

论文摘要

This paper investigates the impact of political institutions in host countries on the risk-taking of foreign banks. We first propose several channels through which political institutions theoretically affect foreign banks’ risk-taking. We then empirically examine the relationships by using bank-level data from 2000 to 2013 in 35 emerging markets. Research evidence suggests that foreign banks’ stability increases with the democracy of political institutions. However, the benefits of democratic institutions weaken for foreign banks established through mergers and acquisitions, financial institutions with relatively short operating periods in host markets, and those with inefficient operations. Moreover, the positive effect is also undermined by improvements to the deposit insurance system of the host country. Finally, a country’s political institutions tend to further strengthen the stability of foreign banks when the host country has sound legal institutions.

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