媒体情绪、信息中心性与银行流动性风险

摘要/Abstract

摘要： 本文从舆情和整体网络关联的交叉视角，回归分析媒体情绪与网络结构及其交互效应对银行流动性风险的影响机制。本文研究发现：在针对全体银行和非全国性商业银行时，媒体情绪指数与银行流动性风险显著正相关，但仅针对全国性商业银行时，消极媒体情绪指数和混合媒体情绪指数对银行流动性风险具有负向影响。网络信息中心性与银行流动性风险显著负相关，体现了网络效应对银行流动性风险的影响具有两面性。混合交互效应与消极交互效应对银行流动性风险具有显著负向影响，而积极交互效应对银行流动性风险具有显著正向影响。全国性商业银行对银行流动性风险的影响程度明显高于全体银行，但未显著强于非全国性商业银行。

关键词: 媒体报道, 媒体情绪, 信息中心性, 银行流动性风险

Abstract: From the cross perspective of public opinion and overall network correlation, this paper regressesively analyzes the mechanism of how media sentiment, network structure and their interactive influence bank liquidity risk. The study finds that the media sentiment index is significantly positively correlated with bank liquidity risk for all banks and non-national commercial banks, but so far as national commercial banks are concerned, negative media sentiment index and mixed media sentiment index have a negative correlation with bank liquidity. Information centrality has obviously negative correlation with bank liquidity risk, which shows that the network effect on bank liquidity risk is double-sided. Mixed interaction effect and negative interaction effect have significant negative impact on bank liquidity risk, while the positive interaction effect has significant positive impact on bank liquidity risk. The impact of national commercial banks on bank liquidity risk is significantly higher than that of all banks, but not significantly stronger than that of non-national commercial banks.

Key words: media reports, media sentiment, information centrality, bank liquidity risk

王磊, 李守伟, 陈庭强. 媒体情绪、信息中心性与银行流动性风险[J]. 管理评论, 2022, 34(5): 37-55.

Wang Lei, Li Shouwei, Chen Tingqiang. Media Sentiment, Information Centrality and Bank Liquidity Risk[J]. Management Review, 2022, 34(5): 37-55.

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