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Title
Equity Investment Regulation and Bank Risk: Evidence from Japanese Commercial Banks
Creator
Creator Name
Konishi, Masaru Konishi, Masaru
小西, 大 小西, 大
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Bank risk
Bank shareholding
Separation of banking and commerce
JEL
G21
G28
G30
Abstract
Using data from Japanese banks, this paper empirically investigates the relation between equity investment and bank risk during the period of banking crisis. Empirical evidence suggests that bank risk is positively associated with the ratio of shareholding to equity capital, suggesting that limiting shareholding can reduce commercial banks’ exposure to market risk. However, regulators should not expect that restricting banks from shareholding automatically leads to less bank failures in a financial system. This is because unhealthy banks voluntarily refrain from holding a large amount of firms’ shares relative to their equity capital, and bank risk is less sensitive to shareholding at unhealthy banks than at healthy banks.
Publisher
Hitotsubashi University Center for Financial Research
Issued Date
2012-10
Language
英語(eng)
Resource Type
technical report（テクニカルレポート）
Version Type
VoR
Relation - Is Part Of
Related Title
Working Paper Series ; No. G-1-1
Number of Pages
41
Appears in Collections
Working Paper Series / Hitotsubashi University Center for Financial Research
URL
https://hdl.handle.net/10086/25330