商业银行特许权价值的自律效应研究

特许权价值是商业银行具有的从受保护市场获取未来租金的牌照价值,通常情况下,具有相对较高特许权价值的银行为了避免破产,更有动力倾向于采取谨慎策略,因而其发挥着银行风险自律器的作用。通过银行风险行为的静态选择和动态选择视角,考证特许权价值的自律效应,对于后过渡时期的银行监管政策具有启发意义。

The study on self-discipline effect of commercial banks' franchise value

Franchise value is the patent value of future rents that a bank is supposed to earn from its access to protected markets,Usually,banks with higher franchise value will be prone to choose prudential strategy in order to protect themselves from bankruptcy.So it acts as a disciplinary device against risk-taking.We explain the self-discipline effect in the perspective of static and dynamic risking-selecting behavior,and our conclusion enlightens us to perfect banking regulation in post-transition period.