摘 要
随着金融全球化和市场复杂性的提升，金融监管日益成为维护金融市场稳定的重要手段，但其对金融机构合规成本的影响尚需深入探讨。本研究旨在分析金融监管强度与金融机构合规成本之间的关系，并探索其内在机制。通过构建面板数据模型，选取2015年至2022年间中国上市银行的财务与监管数据进行实证分析，研究发现金融监管强度的提高显著增加了金融机构的合规成本，且这一影响在中小银行中更为明显。此外，研究进一步揭示了技术投入在缓解合规成本上升中的积极作用。本文的创新点在于将金融机构规模和技术水平纳入分析框架，为理解监管政策的异质性影响提供了新视角。研究结果不仅有助于完善金融监管政策设计，还为金融机构优化资源配置、降低合规负担提供了参考依据。
关键词：金融监管强度；合规成本；中小银行
Abstract
As financial globalization and market complexity increase, financial regulation has become an increasingly important tool for maintaining the stability of financial markets. However, its impact on the compliance costs of financial institutions requires further investigation. This study aims to analyze the relationship between the intensity of financial regulation and the compliance costs of financial institutions while exploring the underlying mechanisms. By constructing a panel data model and using financial and regulatory data from Chinese listed banks between 2015 and 2022, the study finds that an increase in the intensity of financial regulation significantly raises the compliance costs of financial institutions, with this effect being more pronounced among medium and small-sized banks. Furthermore, the research reveals the positive role of technological investment in mitigating the rise in compliance costs. The novelty of this paper lies in incorporating the scale of financial institutions and their technological levels into the analytical fr amework, offering new insights into the heterogeneous impacts of regulatory policies. The findings not only contribute to refining the design of financial regulatory policies but also provide reference for financial institutions to optimize resource allocation and reduce compliance burdens.
Keywords: Financial Regulatory Intensity；Compliance Cost；Medium And Small Banks
目 录
引言 1
一、金融监管与合规成本的理论基础 1
（一）金融监管的基本概念 1
（二）合规成本的内涵与构成 2
（三）理论框架与研究意义 2
二、金融监管对合规成本的影响机制 3
（一）监管强度与合规成本的关系 3
（二）监管政策变化对合规成本的影响 3
（三）不同监管模式下的合规成本差异 3
三、金融机构合规成本的实证分析 4
（一）数据来源与样本选择 4
（二）模型构建与变量设定 4
（三）实证结果与分析 5
四、降低合规成本的对策与建议 5
（一）优化金融监管政策的设计 5
（二）提升金融机构内部管理水平 6
（三）推动金融科技在合规领域的应用 6
结 论 6
致 谢 8
参考文献 9
