Journal of Financial and Quantitative Analysis, Volume 54, Issue 1, February 2019, Pages 275–301

社会信任与银行冒险关系的跨国证据

作者：Kiridaran Kanagaretnam (York University, Canada)

Gerald J. Lobo (University of Houston, USA)

Chong Wang (Hong Kong Polytechnic University, Hongkong, China)

Dennis J. Whalen (Otterbein University, USA)

摘要：我们研究了银行业中社会信任与风险承担之间的关系。以往的文献发现，社会信任与财务报告保守主义和财务报告透明度呈正相关，这降低了银行管理者承担过度风险的能力。此外，高信任度国家的银行管理者更可能表现出较高的亲社会行为，因此不太可能为了个人利益而过度冒险。与这些观点一致，我们发现在社会信任度较高的国家银行承担的风险较低，而且在2007-2009年金融危机期间，这些银行也经历了较少的财务问题和倒闭现象。

Cross-Country Evidence on the Relationship between Societal Trust and Risk-Taking by Banks

Kiridaran Kanagaretnam (York University, Canada), Gerald J. Lobo (University of Houston, USA), Chong Wang (Hong Kong Polytechnic University, Hongkong, China), Dennis J. Whalen (Otterbein University, USA)

ABSTRACT

We study the relationship between societal trust and risk-taking in the banking industry. Prior literature has found that societal trust is positively related to both financial reporting conservatism and financial reporting transparency, which reduce bank managers’ ability to take excessive risk. Additionally, bank managers in high-trust countries are more likely to exhibit higher pro-social behavior and, therefore, less likely to take excessive risk for personal benefit. Consistent with these arguments, we document that banks in countries with higher societal trust exhibit lower risk-taking and that these banks also experienced less financial trouble and fewer failures during the 2007–2009 financial crisis.

原文链接：https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/crosscountry-evidence-on-the-relationship-between-societal-trust-and-risktaking-by-banks/B168578317E10323BF773B865264A8AC

翻译：阙江静