This study aims to analyze the relationship between macroeconomic factors and risk-taking behavior in a dual banking system. Adopting a panel cointegration approach, this research posits macroeconomic factors as exogenous variables and risk-taking behavior as endogenous variables. With having 468 quarterly-observations consisting of 18 banks in Indonesia during 2010-Q4 to 2017-Q1, it finds that the risk-taking behavior of the banks has a long-term relationship with macroeconomic factors. Moreover, conventional bank has long-term relationship to macroeconomic nonetheless it results inversely to Islamic bank. In terms of bank-specified characteristics, bank size and equity to asset ratio are substantial factors for the banks’ risk mitigation.

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双银行体系中的宏观经济效应与风险承担行为

本研究旨在分析双重银行体系中宏观经济因素与风险承担行为之间的关系。本研究采用面板协整方法，将宏观经济因素作为外生变量，将冒险行为作为内生变量。通过对2010-Q4至2017-Q1期间印度尼西亚18家银行的468个季度观察，发现银行的风险承担行为与宏观经济因素存在长期关系。此外，传统银行与宏观经济有长期关系，但与伊斯兰银行相反。就银行特定特征而言，银行规模和权益资产比率是银行风险缓释的重要因素。