Purpose

This paper aims to examine the relationship between board structure and risk-taking, exploring how this association is influenced by advanced technologies in the banking sector.

Design/methodology/approach

This study uses a panel sample of 22 Pakistani banks from 2011 to 2018. To test the authors’ hypothesis, the authors use regression analysis with two-way cluster robust standard errors. Further, the authors also check the robustness of the authors’ findings using alternate proxies of board structure and bank risk-taking behavior. To address endogeneity concerns, the authors use the two-stage least square technique.

Findings

In the era of the Fourth Industrial Revolution, Pakistani banks’ digitalization is modeled by the presence of Temenos-T24/Oracle as their core banking system (software providing end-to-end operational integration). Its interactional effect with corporate governance is evaluated to implicate informed risk-taking by the board as a result of improved information access and analysis. The authors find that board size has a positive association with risk-taking, and the use of modern technology reshapes this association in the banking sector.

Originality/value

The contribution of this paper is twofold. First, the impact of board structure on bank risk-taking has not been extensively researched in Pakistan – a highly volatile and unpredictable economy. Second, the evaluation of the role of technology on bank risk is being researched for the very first time – a uniqueness of this paper.

中文翻译：

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进还是退：消息灵通的董事会和银行风险承担

目的

本文旨在研究董事会结构与风险承担之间的关系，探讨银行业先进技术如何影响这种关联。

设计/方法论/途径

本研究使用 2011 年至 2018 年 22 家巴基斯坦银行的面板样本。为了检验作者的假设，作者使用双向聚类稳健标准误进行回归分析。此外，作者还使用董事会结构和银行风险承担行为的替代指标来检查作者研究结果的稳健性。为了解决内生性问题，作者使用了两阶段最小二乘技术。

发现

在第四次工业革命时代，巴基斯坦银行的数字化以 Temenos-T24/Oracle 作为核心银行系统（提供端到端运营集成的软件）为典范。其与公司治理的互动效应经过评估，表明董事会由于信息获取和分析的改进而承担了知情的风险。作者发现，董事会规模与风险承担呈正相关，而现代技术的使用重塑了银行业的这种关联。

原创性/价值

本文的贡献是双重的。首先，在巴基斯坦这个高度波动且不可预测的经济体中，董事会结构对银行风险承担的影响尚未得到广泛研究。其次，首次研究了技术对银行风险作用的评估，这是本文的独特之处。