我國中小企銀存款保險風險轉嫁行為之探討

Deposit Insurance and Risk-Shifting at Small and Median Commercial Banks of Taiwan

邱哲修(Jer-Shiou Chiou) ； 張清模(Ching-Mo Chang) ； 陳妍如(Yen-Ju Chen)

《風險管理學報》 2卷2期 (2000/11) Pp. 57-76

https://doi.org/10.30003/JRM.200011.0003

摘要

本文係利用Hovakimian and Kane所整合之Ronn and Verma（1986）與Saunders and Wilson（1995）之研究來探討資本管制對台灣之商業銀行的影響。實證結果發現：一、資本管制沒有提供風險抑制制約的效果。二、風險轉嫁誘因確實存在。三、當非存款負債視為次順位求償時，要保銀行會將風險轉嫁給中央存款保險公司。四、有問題的銀行，其風險轉嫁誘因較強烈。五、本文最後探討在1993年實施存款保險改革後的影響，結果發現這些改革雖使要保銀行風險轉嫁行為沒有發生，但其效果卻比1993年之前來得差。

關鍵字

存款風險 ； 風險轉嫁

並列摘要

This study adopted Hovakimian and Kane model to investigate risk-shifting behavior among Taiwan's small and median banks during 1986 to 1998. The results of the empirical studies based on the sampled banks indicate the followings: 1. Capital requirements supplied no risk-restraining discipline. 2. Risk-shifting incentives do exist. 3. Assuming non-deposit debt is subordinated, we found risk-shifting incentives still exist. 4. Focus on the magnitude of incentives for risk-shifting at troubled banks, we found that troubled banks have strongest incentives to make risk-shifting. 5. After investigating the impact of the deposit-insurance reforms which phase-in began in 1993, we found the effect worse than that did before 1993, although the reforms eliminate risk-shifting incentives.

並列關鍵字

Deposit Insurance ； Risk-shifting