Risk-Shifting Behavior in Taiwan’s Small and Medium-Sized Commercial Banks under Different Deposit Insurance Systems

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Title:	Risk-Shifting Behavior in Taiwan’s Small and Medium-Sized Commercial Banks under Different Deposit Insurance Systems
Authors:	張傳章(Chang, Chuang-chang);陳薇如(Chen, Wei-ju)
Contributors:	淡江大學會計學系
Keywords:	風險轉嫁行為;風險差別費率制度;存款保險費率;最大概似估計;Risk-shifting behavior;Risk-based premium system;Deposit insurance premium;Maximum likelihood estimation
Date:	2013-12-01
Issue Date:	2011-10-20 12:47:18 (UTC+8)
Publisher:	The Official Publication of The Taiwan Finance Association
Abstract:	This paper examines the risk-shifting behavior of Taiwan’s small and medium-sized commercial banks both prior to and after the adoption of a risk-based premium system. We use the Duan et al. (1992) model to investigate the changes in their risk-shifting behavior. We find that the effects of risk-restraining measures were reduced as a result of the adoption of the risk-based system. Our results also demonstrate that risk-shifting behavior within these commercial banks was quite successful under the flat-rate premium system, and that such behavior was not mitigated as a result of the implementation of the risk-based premium system.
Relation:	Journal of Financial Studies 21(4), pp.1-24
Appears in Collections:	[Graduate Institute & Department of Accounting] Journal Article

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