我国商业银行绩效影响因素的实证研究
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摘要
银行是现代金融业的中心,银行的发展关系到银行体系的运作乃至整个国家经济的运行。在国有商业银行转型和外资银行发起挑战的现状下,银行的绩效问题已经成为金融业的关键问题,提高银行绩效是维持国民经济稳定运行、对外放开银行业和积极参与市场竞争的关键。
基于此,本文对我国商业银行绩效的影响因素进行了研究。首先分类回顾了国内外研究银行绩效的文献,然后对目前我国商业银行的现状进行分析,探讨了银行绩效发展模式、衡量银行绩效的指标和方法,并在此基础上,从理论方面研究银行绩效的影响因素:股权结构、银行规模、市场结构、经营原则、业务能力、职业生涯规划和薪酬激励机制。实证部分尝试用多样化指标,包括财务指标和非财务指标,运用Eviews5.0统计软件,采用Logit模型对我国商业银行绩效进行实证研究,经过显著性检验,判别哪些因素对银行绩效起着关键性的作用,并对设立模型的正确性进行预测检验,进而对提高我国商业银行绩效的方法和途径阐述建议,以求对我国银行业的发展有所启示和帮助。
As the center of the modern financial industry, the banks play an important role in the economy system. Their development have a very close relationship with the operation of the banking system and the national economy. In condition of state-owned commercial banks' transformation and challenges by the foreign banks, the bank performance has become a key issue to the domestic banking industry. Improving the bank performance is the key to maintain the stable operation of the national economy, open up the bank industry, and participate in market competition actively.
Base on the mentioned earlier, this paper researches on a variety of factors which have influence on the domestic commercial bank performance. First, many related literatures on bank performance at home and abroad are reviewed by classification. Then by analyzing the status quo of the domestic commercial bank, the development model of bank performance, the indicators and the ways of measuring bank performance are presented. And on the basis of these, the factors including ownership structure, bank size, market structure, operating principle, professional ability, career planning and the salary incentive mechanism that affect the bank performance are analyzed on the theoretical side. In the empirical part, the Logit models of commercial bank performance are built by Eviews5.0 with a variety of indicators including financial indicators and non-financial indicators. By the significance test, the factors that play the key roles in the bank performance are found out. And then the accuracy of models are tested by the forecast test. Several suggestions of the way to improve the domestic commercial bank performance are presented for giving the inspirations and helps to the development of domestic banking industry.
基于此,本文对我国商业银行绩效的影响因素进行了研究。首先分类回顾了国内外研究银行绩效的文献,然后对目前我国商业银行的现状进行分析,探讨了银行绩效发展模式、衡量银行绩效的指标和方法,并在此基础上,从理论方面研究银行绩效的影响因素:股权结构、银行规模、市场结构、经营原则、业务能力、职业生涯规划和薪酬激励机制。实证部分尝试用多样化指标,包括财务指标和非财务指标,运用Eviews5.0统计软件,采用Logit模型对我国商业银行绩效进行实证研究,经过显著性检验,判别哪些因素对银行绩效起着关键性的作用,并对设立模型的正确性进行预测检验,进而对提高我国商业银行绩效的方法和途径阐述建议,以求对我国银行业的发展有所启示和帮助。
As the center of the modern financial industry, the banks play an important role in the economy system. Their development have a very close relationship with the operation of the banking system and the national economy. In condition of state-owned commercial banks' transformation and challenges by the foreign banks, the bank performance has become a key issue to the domestic banking industry. Improving the bank performance is the key to maintain the stable operation of the national economy, open up the bank industry, and participate in market competition actively.
Base on the mentioned earlier, this paper researches on a variety of factors which have influence on the domestic commercial bank performance. First, many related literatures on bank performance at home and abroad are reviewed by classification. Then by analyzing the status quo of the domestic commercial bank, the development model of bank performance, the indicators and the ways of measuring bank performance are presented. And on the basis of these, the factors including ownership structure, bank size, market structure, operating principle, professional ability, career planning and the salary incentive mechanism that affect the bank performance are analyzed on the theoretical side. In the empirical part, the Logit models of commercial bank performance are built by Eviews5.0 with a variety of indicators including financial indicators and non-financial indicators. By the significance test, the factors that play the key roles in the bank performance are found out. And then the accuracy of models are tested by the forecast test. Several suggestions of the way to improve the domestic commercial bank performance are presented for giving the inspirations and helps to the development of domestic banking industry.
引文
[1]资料来源:中国银行业监督管理委员会网站http://www.cbrc.gov.cn/chinese/home/jsp/docView.jsp?docID=200711025B785FAE76192B31FFD3D3385278A400
[1]资料来源:中国银行业监督管理委员会网站http://www.cbrc.gov.cn/chinese/home./jsp/docView.jsp?docID=20071102EC3E0BDFE7696242FFEE16C067D60600
[2]资料来源:中国银行业监督管理委员会网站http://www.cbrc.gov.cn/chinese/info/twohome/index.jsp?itemCode=9
[1]参考:杨建文,周冯琦.产业组织:21世纪理论研究潮流[M].上海:学林出版社,2003
[2]参考:孙永祥,黄祖辉.上市公司股权结构与绩效[J].经济研究,1999,(12):23-39
[1]参考:施东晖.股权结构、公司治理与绩效表现[J].世界经济,2000,(1):37-44
[1]参考:邱龙广.股权结构对我国上市公司经营绩效的影响研究[D].重庆大学,2004:48
[2]参考:黄伟.上市公司股权结构与公司治理效率研究[D].南京理工大学,2004:49
[1]参考:Lewin,A.Y.,Morey,R.C,Cook,T.J.Evaluation the Administrative Efficiency of Courts[J].OMEGA International Journal of Management Science,1982,10(4):401-411
[2]参考:谢太峰.商业银行经营学[M].北京:北京交通大学出版社,2007:343
[1]参考:魏后凯.市场竞争、经济绩效与产业集中——对中国制造业集中与市场结构的实证研究[M].北京:经济管理出版社.2003
[2]参考:王颖捷.金融产业组织的市场结构[M].北京:机械工业出版社,2004
[1]参考:于东智.董事会与公司治理[M].北京:清华大学出版社,2004:20-37;105-164
[2]参考:卜晶.董事会特征与公司绩效相关性研究[D].南京财经大学,2007:33
[3]参考:暴平菊.我国上市公司独立董事与企业绩效之间关系实证研究[D].哈尔滨工业大学,2006:36
[4]引用:Steven Kerr,边婧,钱晓强,张烨译.Ultimate Rewards,What Really Motivates People to Achieve薪酬与激励[M].北京:机械工业出版社,2005:前言
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[3]Lee J.Ownership,Market Structure,and Efficiency in Korean Banks:A Cost Frontier Analysis[D].Unpublished Ph.D.Dissertation.Ohio State University,1996
[4]E.Philip Davis.Institutional investors,corporate governance and the performance of the corporate sector[J].Economic Systems,2002,(26):203-229
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[1]资料来源:中国银行业监督管理委员会网站http://www.cbrc.gov.cn/chinese/home./jsp/docView.jsp?docID=20071102EC3E0BDFE7696242FFEE16C067D60600
[2]资料来源:中国银行业监督管理委员会网站http://www.cbrc.gov.cn/chinese/info/twohome/index.jsp?itemCode=9
[1]参考:杨建文,周冯琦.产业组织:21世纪理论研究潮流[M].上海:学林出版社,2003
[2]参考:孙永祥,黄祖辉.上市公司股权结构与绩效[J].经济研究,1999,(12):23-39
[1]参考:施东晖.股权结构、公司治理与绩效表现[J].世界经济,2000,(1):37-44
[1]参考:邱龙广.股权结构对我国上市公司经营绩效的影响研究[D].重庆大学,2004:48
[2]参考:黄伟.上市公司股权结构与公司治理效率研究[D].南京理工大学,2004:49
[1]参考:Lewin,A.Y.,Morey,R.C,Cook,T.J.Evaluation the Administrative Efficiency of Courts[J].OMEGA International Journal of Management Science,1982,10(4):401-411
[2]参考:谢太峰.商业银行经营学[M].北京:北京交通大学出版社,2007:343
[1]参考:魏后凯.市场竞争、经济绩效与产业集中——对中国制造业集中与市场结构的实证研究[M].北京:经济管理出版社.2003
[2]参考:王颖捷.金融产业组织的市场结构[M].北京:机械工业出版社,2004
[1]参考:于东智.董事会与公司治理[M].北京:清华大学出版社,2004:20-37;105-164
[2]参考:卜晶.董事会特征与公司绩效相关性研究[D].南京财经大学,2007:33
[3]参考:暴平菊.我国上市公司独立董事与企业绩效之间关系实证研究[D].哈尔滨工业大学,2006:36
[4]引用:Steven Kerr,边婧,钱晓强,张烨译.Ultimate Rewards,What Really Motivates People to Achieve薪酬与激励[M].北京:机械工业出版社,2005:前言
[1]李晓庆,刘湘斌.我国商业银行效率测度及影响因素分析[J].上海财经大学学报,2005,(4)
[2]O'Hara.Property rights and the financial firm[J].Journal of Law and Economics,1981,24(2)
[3]Lee J.Ownership,Market Structure,and Efficiency in Korean Banks:A Cost Frontier Analysis[D].Unpublished Ph.D.Dissertation.Ohio State University,1996
[4]E.Philip Davis.Institutional investors,corporate governance and the performance of the corporate sector[J].Economic Systems,2002,(26):203-229
[5]Frydman,R.,M.H.Gray,A.Rapaczynski.When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in Transition Economies[J].The Quarterly Journal of Economics,1999:1153-1192
[6]Stijin Claessens,Simeon Djankov^,Joseph Fan,Larry Lang.On Expropriation of minority shareholders:evidence from East Asia[DB/OL],www.ssrn.com,2000.8.16
[7]于良春,鞠源.垄断与竞争:中国银行业的改革与发展[J].经济研究,1999,(8)
[8]黄宪,王方宏.中国与德国的国有银行效率差异及其分析[J].世界经济,2003,26(2)
[9]曹廷求.股份制商业银行治理:基于年报的实证分析[J].财政金融,2004,(6):35-40
[10]朱建武.基于EVA的中小银行绩效与治理结构关系分析[J].财经研究,2005,(5):53-62
[11]金成晓,纪明辉.我国商业银行公司治理结构与经营绩效的实证研究[J].税务与经济,2006,(4):1-6
[12]赵勇.我国商业银行内部法人治理与银行绩效的实证分析[J].海南金融,2006,(6):9-12
[13]F.M.Scherer.Industrial Market Structure and Economic Performance[M].1980:509-513
[14]Dr.A.K.Misra,A.K.Das.Bank scale economies,size & efficiency:the Indian experience.IBA bulletion special issue,2005,(1):145-155
[15]Jason Allen,Ying Liu.Efficiency and economies of scale of large Canadian banks.Bank of Canada Working Paper,2005,(13)
[16]孙秀峰,迟国泰,杨德.基于参数法的中国商业银行规模经济研究与实证[J].中国管理科学,2005,(4):24-32
[17]刘宗华,邹新月.中国银行业的规模经济和范围经济——基于广义超越对数成本 函数的检验[J].数量技术经济研究,2004,(10):5-14
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