经营透明化与银行名誉风险管理

中国银行业经营透明化既是改革的要求,也是银行自身成本-收益比作用的结果,还是银行外部监管者提高监管能力的要求。然而信息屏蔽收益的递减并非意味透明化收益的自然递增,事实上,透明化也加大了银行的名誉风险。名誉风险有社会性、内生性、间接性和综合性等特征,对其进行科学管理能为银行带来巨大的商业利益。为此,中国银行业应加强名誉风险的基础管理,科学制订名誉规划,建立管理责任制度。同时,要强化名誉风险意识,扩大名誉风险管理视野,提高名誉风险管理人员素质,实行专业化管理。就现实而言,中国银行业名誉风险管理亟待解决商标管理、改革面临的矛盾、透明化进程及文化建设等四方面问题。     

防范商业银行操作风险的几点建议

随着海内外银行业对所面临风险的认识更加清晰以及银行风险管理制度的逐步健全，我们看到．操作风险已被广泛认为是仅次于信用风险、市场风险之后商业银行面临的第三大主要风险。巴塞尔新资本协议将操作风险与信用风险、市场风险一并纳入对金融机构的监管框架，这既是近年来国际金融界日益注重操作风险管理的制度体现、同时也是从全面风险管理和保持银行阵系稳定的角度对操作风险管理提出的新要求。今年年初以来，国内银行大要案件频频曝光，并呈现出同类案件屡次发生的特点，中国银行业面临操作风险的严重程度已颇为令人担忧。对于正处下股份制改革关键时刻的中国银行业来说，应当将防范操作风险当作风险管理的重要内容，针对主要薄弱环节，及时健全操作风险防范机制。     

浅析商业银行利率风险管理

本在中国银行业大改革的背景下，通过对商业银行利率风险的成因分析，提出了几个新的利率风险管理模型，供银行选择用来防范利率风险，从而提高盈利水平，增强竞争力。     

风险管理以巴塞尔Ⅱ为突破口

风险管理是银行业的生命线,也是核心。银行通过主动承担风险并有效管理风险来获取收益。但是承担高风险并不一定带来高收益,必须要有相应的风险管理能力。2008年,中国的银行业在风险管理方面取得了较大的成就,在冰灾、地震、奥运等重大事件发生时,成功地确保了银行的业务应用系统正常运行。2009年是中国银行业加强业务经营风险防范和管理的重要的一年,这一年里,我国银行业将以实施巴塞尔新资本协议（简称“巴塞尔Ⅱ”）为契机,加大风险管理体系的建设。本文以巴塞尔新资本协议的实施为例,阐述银行风险管理建设的方法与重点。     

全面风险管理是中国银行业务发展的必然要求

随着经济的发展、金融业的开放和国有商业银行改革的深入,我国银行业务发展面临着复杂多变的风险,但国内银行现有的风险管理模式存在许多重要缺陷,难以为业务的快速发展提供足够的风险防范保障.国外先进银行在风险管理模式上的探索和巴塞尔新协议已经指明了全面风险管理这个新的方向.本文在综合分析中国银行业的风险状况、风险管理状况和政策指向的基础上,明确提出全面风险管理是中国银行业务发展的必然要求,并就如何将当前银行信贷业务与全面风险管理相结合做了一番讨论.     

对商业银行风险管理的激励改进--基于内部评级法的视角

巴塞尔委员会《新资本协议》所推出的内部评级法．提供了一套以银行内部风险评级为基础的资本充足率计算及资本监管的动态监管方法，本文探讨了实施内部评级法对中国银行业提高风险管理能力、改进资本监管要求的激励效应，提出了金融开放下中国银行业加快引入并实施内部评级法的重要性。     

构筑全面风险管理体系 打造现代国有商业银行

风险问题永远是企业需要认真思考的首要问题。中国银行业伴随着中国经济体制改革、金融开放而不断发展的同时，各家银行特别是国有商业银行的风险更在前所未有地积聚，如何甄别、计量和控制这些风险，即实现银行全面风险管理，已成为当前我国银行管理的重要问题。     

“2008年SAS银行业中国论坛”在上海召开

近日，由SAS公司联合亚洲著名银行业信息研究机构“亚洲银行家”共同主办的“2008年SAS银行业中国论坛”在上海召开。百余位来自中国主要银行机构的个金、卡部和风险部门的高管与全球银行业风险管理领袖们，围绕“次贷危机”等热点话题，共同探讨了信用风险与客户管理在银行业中的应用，并对中国银行业如何建立健全风险管理分析体系进行了深入交流与智慧碰撞。     

金融新作拾零

《中国商业银行改革与创新》曹凤岐主编贾春新副主编在市场不断开放的竞争作用下,中国银行业受到强烈冲击,诸如优质客户和优秀人才流失、优势业务丧失等一系列难题,使中国银行业受着脱胎换骨般的阵痛.由此作者提出改革与创新是中国银行业的首要任务,是中国商业银行的立行之本。本书在公司治理篇中,重点讨论丁国有商业银行的股份制改革、建立健全法人治理结构以及资产重组和上市等问題;在风险管理篇中,探讨了中国商业银行信用风险管理、市场风险管理、操作风险管理;在业务发展篇中,探讨了中间业务创新、客户关系管理及股份制商业银行竞争力评…     

商业银行公司治理与风险管理建设

在过去几年的改革中,中国银行业的风险治理建设取得了很大的进步,在银行风险管理体系建设中发挥了至关重要的作用.1997年亚洲金融危机后,我国提出要加强金融风险管理,但直到2002年,中国金融行业的风险管理体系建设并没有得到实质性的推动,大部分机构甚至连专门的风险管理部都没有设立,其根本原因在于银行的风险治理改革和建设还没有真正启动.     

商业银行声誉风险管理组织体系的构建思考

商业银行声誉风险管理目标确定之后,需要由风险管理组织体系予以实施,即完善的声誉风险管理组织体系是有效实施声誉风险管理的基本保障。由于声誉风险管理既具有其它种类风险管理的共同特征,又有其个性化管理要求。构建商业银行声誉风险管理组织体系,除了要认真落实国家银行业监督管理委员会关于声誉风险管理组织体系的基本要求外,更要根据声誉风险管理的内在规律性要求构建体现商业银行声誉风险管理特定要求的组织体系。     

Corporate reputation and hedging activities

This study examines whether corporate reputation affects derivative hedging. We posit that high-reputation firms are more likely to engage in hedging due to greater reputation costs and/or their commitment to lower financial risks. We find that high-reputation firms are more likely to engage in hedging, especially when their hedging efforts or effects are more observable to stakeholders. We also find that high-reputation firms are less likely to disclose the notional values of hedging positions and that interest rate hedging by high-reputation firms is detrimental to firm value. Our results shed light on the impact of reputational concerns on corporate risk management and disclosure policies.     

商业银行声誉风险及其防范研究

我国商业银行声誉风险管理刚刚起步,建立规范的声誉危机管理体系,将声誉风险纳入商业银行全面风险管理框架,防范和化解随时可能出现的声誉危机,是商业银行适应新时期市场变化的需要。本文回顾了我国商业银行近年来声誉风险管理的实践,分析了其中存在的不足,并提出了对策建议。     

‘Only as good as your last gig?’: an exploratory case study of reputational risk management amongst self-employed musicians

Reputations can take years to build and moments to lose, with significant impacts on the longer term viability of an organisation. There has been a significant increase in literature on reputation risk and its management in recent times, although this has essentially focused on larger corporations. At the other end of the scale, in micro-enterprises, there appears to be very little coverage. To start to address this gap, this study provides insights into perceptions of reputational risk (RR) and reputational risk management (RRM) practice in the music industry. It explores how RR is understood in an unconventional, non-corporate context using a case study of 11 self-employed musicians operating in the South of England, UK. Respondents identified ‘competition’ as being the key risk that they faced, along with insufficient funding, unregulated contracts and protecting intellectual property rights. They did not though, at first, view their reputation in terms of risk. There was no consensus on the definitions of reputation or risk, yet there was awareness that two components determined reputation: musical ability and personal qualities. Despite appearing to have a lack of knowledge and understanding of RRM, the musicians were able to identify strategies for managing reputation, such as: behavioural adaptations, working with agents, choice of venues, use of technology, working collaboratively (with links to social identity) and being constantly reliable. They were also able to identify their stakeholders and the factors influencing their reputation, but this information was not widely used in a strategic way to routinely monitor or manage reputation. An identified ‘barrier’ to RRM was the lack of understanding of this complex issue. Having explored perceptions of reputation and RRM in micro-enterprises, this work forms a platform upon which the next stage of actually (re)designing processes and systems specifically for managing RRM in Small- and Medium-sized Enterprises can be built.     

Bad reputation: stigma as an inhibitor of risk behaviors

In recent years, it has been suggested that technological and scientific advancements have made the world a safer place, yet the fear of risk and threats to safety is higher than ever. This theory suggests that people are increasingly basing decisions about risk behaviors on the potential impact on their reputation. Specifically, the stigma of taking risks has been alleged to be a primary factor inhibiting risk-taking behavior. This claim, however, has remained theoretical and without empirical tests to determine its validity. The present study uses data collected from a random sample of college students, including data from open-ended responses to vignette-style questions, to assess the presence and impact of the fear of stigma as a factor in making decisions regarding risk behaviors. Results indicate that stigma is considered by individuals, but is not as meaningful an inhibitor as other factors, such as fear of harm and fear of harming others.     

Dividend Policy and Reputation

Abstract:  We examine the role of reputation when firms use dividends to signal their profitability. We analyze a signaling model in which reputation plays no role in equilibrium. We then show that taking reputation into account as a link between sequential dividend decisions makes it possible to endogenize signaling costs and obtain a separating equilibrium. Lastly, we use the reversibility hypothesis and assume that in each period, managers can reverse their choices in terms of dividend distribution. We find that in most cases, the signaling equilibrium becomes unstable, causing any dividend signaling policy to become difficult to implement.     

财务公司产业链金融信用风险控制机制研究--基于缓解中小企业融资约束的视角

从缓解中小企业融资约束的视角出发,对基于抵质押制度和声誉机制共同激励的财务公司产业链金融信用风险控制机制进行研究。在一个中小企业类型为单边非完全信息结构的假设条件下,建立博弈模型分析抵质押制度与声誉机制共同激励下中小企业的行为选择,研究发现共同激励可以有效扩大财务公司的安全授信边界,既能确保财务公司控制中小企业信用风险,又能增加中小企业的授信额度。     

商业银行声誉风险管理的建议与对策

未来商业银行间的竞争,在很大程度上表现为社会声誉和形象的竞争。而商业银行各种风险的发生都有可能引发声誉风险,进而影响银行的社会声誉和形象。建立有效的防控声誉风险体系,是一项长期的行为文化建设,其本质是企业文化建设。     

Market States and Initial Returns: Evidence from Taiwanese IPOs

This paper investigates the different affecting patterns of the determinants of initial returns under different market states for Taiwanese IPOs. Contrary to the prior literature, this paper estimates the sample separated from different market states, including bullish, bearish, and range-bound markets, and finds that the affecting patterns of the determinants of initial returns indeed exhibit some significant differences under different market states. For instance, the stronger the auditor reputation effect, the lower are the initial returns under a range-bound market, and the market momentum effect is stronger under a bullish market. In addition, the risk perception effect is stronger under a bearish market. These findings show that the empirical result of dividing market states will provide more insights and a greater variety of information as investors make decisions.