题　目：Political Ideology in Regulatory Oversight: Evidence from Banking

嘉　宾：徐婉蓉, PhD Candidate, National University of Singapore

主持人：张括 副教授 上海交通大学安泰经济与管理学院

时　间：2023年12月04日（周一）14:00-15:30

地　点：上海交通大学 徐汇校区安泰楼A503室

内容简介:

This study investigates the influence of bank regulators’ political ideology on their enforcement actions. I show that regulators with Republican leanings are less inclined to initiate enforcement actions against the banks they oversee. Furthermore, Republican regulators use more positive language, incorporate additional numerical data, and emphasize financial matters within their enforcement files. Further results show that the regulatory institution and bank transparency can moderate the impact of regulators’ personal ideologies. In addition, banks exploit the opportunity for less stringent oversight by strategically relocating their branches to states where Republican regulators are appointed. Laxer supervision also encourages banks to increase risk-taking behavior. Finally, I show the association between supervision by Republican regulators and heightened levels of bank failures.

演讲人简介：

I am a Ph.D. candidate at the National University of Singapore. My research interest broadly lies in empirical capital markets research, and particularly I am interested in banking and accounting regulation. My work mainly focuses on the resource allocation decisions and information-sharing incentives of market participants in response to regulations.

欢迎广大师生参加！