The Effects of Protected Depositors’ Proportion on Savings Banks Default Risk: Outside Directors’ Social Relation with CEO and Academic Expertise

Sungsoo Ha; Kim Hakkon

doi:10.23842/jif.2019.30.4.002

The purpose of this study is to investigate the effect of protected depositors’ proportion on the default risks of savings banks. This study also analyzes how the social relation between CEO and outside directors and academic expertise of outside directors effect on the relationship between protected depositor ratio and default risks. The empirical results are summarized as follows. First, the proportion of protected depositors has a significant and positive effect on default risk. Second, the positive relationship between protected depositor ratio and default risks is higher in the group where social relation (between CEO and outside directors) is strong than weak group. Third, the academic expertise level of outside directors does not have a discriminatory effect on the relationship between protected depositors’ proportion and savings banks' default risks. Our results suggest that savings banks with a high proportion of protected depositors who has low incentive to monitor savings banks have a high probability of insolvency.

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* 2022년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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