Abstract

The study examines the nexus between Basel capital requirements, banking sector risk-taking, and profitability in Asian emerging markets by using dynamic panel GMM methodology. The findings of the study suggest that regulatory capital positively affects risk-taking which validates the “regulatory hypothesis.” The findings also reveal that regulatory capital positively while risk negatively affects the profitability in the banking sector. The current study finds the bidirectional causality between the regulatory capital and risk-taking, implying that banks with higher capital ratios are expected to increase in risk-taking and vice versa. The findings also suggest that managerial ownership positively affects while foreign ownership negatively impacts risk-taking consistent with the agency theory of corporate governance. The study proposes that ownership structure has a significant influence on bank risk and profitability, however, the combined impact of regulatory capital through its interaction with the ownership structure is not proved to be significant.

摘要

该研究通过使用动态面板 GMM 方法，研究了亚洲新兴市场巴塞尔资本要求、银行业风险承担和盈利能力之间的关系。研究结果表明，监管资本对风险承担产生积极影响，这验证了“监管假设”。研究结果还表明，监管资本对银行业的盈利能力产生积极影响，而风险对盈利能力产生负面影响。目前的研究发现监管资本与风险承担之间存在双向因果关系，这意味着资本比率较高的银行预计会增加风险承担，反之亦然。研究结果还表明，与公司治理的代理理论一致，管理所有权对风险承担产生积极影响，而外国所有权对风险承担产生负面影响。