影子银行存款人会约束市场吗?

IF 1.6 Q3 BUSINESS, FINANCE Australasian Accounting Business and Finance Journal Pub Date : 2023-01-01 DOI:10.14453/aabfj.v17i4.04
V. Dewi, N. Effendi, M. Anwar, S. R. Nidar, Tettet Fitrijanti, B. Tjandrasa
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引用次数: 0

摘要

影子银行部门由非银行金融机构组成,这些机构没有存款担保,也几乎不受监管机构的监管。无论是发达国家还是发展中国家,都必须做好对影子银行的监管工作。然而,一些国家的监管机构在监管影子银行金融机构方面并没有完全有效,尤其是在印度尼西亚等发展中国家。因此,公众的角色——在这种情况下是存款人——通过市场纪律的实践来监督影子银行是至关重要的。然而,一些因素可能导致市场纪律实践失败,如低金融素养。本研究旨在探讨金融素养对市场纪律绩效的影响。本研究的研究方法是对在印度尼西亚影子银行部门拥有储蓄账户的255名讲师进行调查。本研究采用的多变量分析方法是偏最小二乘结构方程模型(PLS-SEM)。本研究提供了金融素养及其变量显著影响影子银行市场纪律有效性的证据。通过展示市场纪律在构建可持续金融生态系统中发挥的作用,本研究对存款人、投资者、金融业和监管机构都有贡献。促进市场纪律是监管机构和其他金融机构的重要职责。同样,提高存款人和投资者的金融知识水平,特别是在文化水平较低的发展中国家,是寻求建立可持续金融体系时需要克服的挑战。
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Do Shadow Banking Depositors Discipline the Market?
The shadow banking sector comprises non-bank financial institutions that do not have a deposit guarantee and are barely supervised by the regulator. Efforts to monitor shadow banking must be done well, in both developed and developing countries. Regulators in several countries however have not been fully effective in supervising shadow banking financial institutions, particularly in developing countries such as Indonesia. Therefore, the public's role—in this case, depositors—is essential to supervise shadow banking through the practice of market discipline. However, some factors may cause the market discipline practice to fail, such as low financial literacy. This research aims to examine the influence of financial literacy on the performance of market discipline. This study's research method is a survey of 255 lecturers who have savings accounts in the shadow banking sector in Indonesia. The multivariate analysis method used in this study is partial least squares structural equation modelling (PLS-SEM). This study provides evidence that financial literacy and its variables significantly affect market discipline's effectiveness in shadow banking. By showing that market discipline plays a role in building a sustainable financial ecosystem, this research contributes to depositors, investors, the financial industry, and regulators. Promoting market discipline is an important duty of regulators and other financial institutions. Likewise, promoting financial literacy among depositors and investors, especially in developing countries with low literacy levels, is a challenge to overcome when seeking to create a sustainable financial system.
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来源期刊
CiteScore
3.90
自引率
15.80%
发文量
22
审稿时长
24 weeks
期刊介绍: The Australasian Accounting, Business and Finance Journal is a double blind peer reviewed academic journal. The main focus of our journal is to encourage research from areas of social and environmental critique, exploration and innovation as well as from more traditional areas of accounting, finance, financial planning and banking research. There are no fees or charges associated with submitting to or publishing in this journal.
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