金融业不当行为风险致因与监管策略研究——基于文献综述与问卷调查实证

不当行为风险是金融业面临的一种新型风险,它源于组织机构及员工个体的不端行为,具有典型的负外部性;有效识别金融机构不当行为风险致因及其规律,是金融监管部门实施行为监管的重要前提。首先,基于文献综述,界定和梳理金融业不当行为风险的内涵边界、特征以及各类致因;其次,基于金融生态系统理论,构建起金融生态体系变量要素并分析其作用关系;再次,设计并向金融从业人员发放调查问卷,获取了514份有效问卷数据,对问卷及结果数据进行交叉分析和信度、效度检验,并运用频次分析、交叉分析等统计方法,发现和挖掘不当行为风险关键致因及其规律;最后提出不当行为风险监管策略建议,归纳出相关研究结论和展望。研究可为金融监管部门实施不当行为风险监管提供重要参考。

Research on Risk Causes of Financial Misconduct Risk and Regulatory Policy: Based on Literature Review and Questionnaire Survey

Misconduct risk is a new type of risk for financial industry, which originated from organizational behavior and individual misconduct, it has typical negative externalities. The effective identification of the risk causing factors and the laws of financial misconduct is an important prerequisite to implement conduct supervision for financial regulators. Firstly, we defined the connotation boundary and sorted out characteristic and various causes of financial misconduct risk based on the literature review. Secondly, the variables of financial ecosystem and their relationship were constructed, based on the theory of financial ecosystem. Thirdly, the research designed and distributed questionnaires to financial practitioners, and obtained 514 valid questionnaires. Reliability and validity tests,frequency analysis and cross analysis were conducted on the questionnaires data, and the key causes and rules of misconduct risk were excavated and discovered. Finally, the paper put forward the suggestion of improper behavior risk supervision strategy,then drew the conclusion and prospect. The research could provide an important reference for financial regulators to carry out improper behavior risk supervision.