Corruption and bank risk-taking: Evidence from emerging economies

被引:105
|
作者
Chen, Minghua [1 ]
Jeon, Bang Nam [2 ]
Wang, Rui [1 ]
Wu, Ji [3 ]
机构
[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu, Peoples R China
[2] Drexel Univ, LeBow Coll Business, Sch Econ, Philadelphia, PA 19104 USA
[3] Southwestern Univ Finance & Econ, Collaborat Innovat Ctr Financial Secur, Res Inst Econ & Management, Chengdu, Peoples R China
关键词
Corruption; Bank risk-taking; Risk-taking channel; Emerging economies; GOVERNMENT-OWNED BANKS; GROWTH; COMPETITION; ALLOCATION; EFFICIENCY; TAXATION; BRIBERY; QUALITY; FINANCE; CRISES;
D O I
10.1016/j.ememar.2015.05.009
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper addresses the impact of corruption on banks' risk-taking behavior, using bank-level data from more than 1200 banks in 35 emerging economies during the period 2000-2012. We find consistent evidence that higher levels of corruption increase the risk-taking behavior of banks, in favor of the "sand the wheel" view in the corruption-development nexus. In addition, we examine the indirect effects of corruption on bank risks, and find evidence that the impact of monetary policy on banks' risk-taking behavior is more pronounced with the increasing severity of corruption. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码:122 / 148
页数:27
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