Multiple Large Shareholders and Liquidity Creation of Commercial Banks
The corporate governance role of multiple large shareholders exists not only in general enterprises,but also in commercial banks.This pa-per examines the impact of multiple large shareholders on commercial banks'liquidity creation in a sample of Chinese commercial banks for the period 2010-2021.The results of the study show that multiple large shareholders increase liquidity creation in commercial banks.Further research finds that the effect of multiple large shareholders on liquidity creation is greater for banks with lower capital adequacy ratio,for smaller banks,and for non-systemically important banks.In addition,we find a mediating role of corporate governance in explaining the effect of multiple large shareholders on liquidity creation of commercial banks.This study not only enriches the literature on economic consequences of multiple large shareholders and the determinants of liquidity creation in commercial banks,but also has practical implications for commercial banks to improve corporate governance,establish a modem banking sys-tem and maintain financial stability.
Liquidity CreationCommercial BanksMultiple Large ShareholdersCorporate GovernanceOwnership Structure
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维普
