Impact of Financial Supervision Intensity on the Level of Risk-taking of Enterprises
Author:Ying Yan Author Unit: School of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang 550025, Guizhou, People’s Republic of China
Abstract：This paper selects the financial data of Chinas listed companies from 2009 to 2019, combined with the data of Chinas financial supervision expenditure, and constructs the regression model to analyzes the impact of financial supervision intensity on enterprise risk-taking level. The empirical results show that the financial supervision intensity has a significant negative impact on enterprise risk-taking level. In other words, the increase of financial supervision intensity will lead to the decline of enterprise risk taking level. Therefore, Chinas regulatory authorities can appropriately adjust the intensity of financial supervision, so as to achieve the goal of maintaining market stability.
Keywords：Financial regulation; Intensity of financial regulation;Enterprise risk taking level
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