本文選題：中外商業(yè)銀行 + 戰(zhàn)略聯(lián)盟��； 參考：《南開大學(xué)》2012年博士論文

【摘要】：本世紀(jì)初，在金融全球化大背景下，在中國銀行業(yè)改革進(jìn)程中，不少中資銀行出于自身需要，引入外資機(jī)構(gòu)作為聯(lián)盟合作伙伴，以期在補(bǔ)充資本金的基礎(chǔ)上，能夠?qū)崿F(xiàn)資源深度融合，進(jìn)而提升中資銀行的競爭力。這一改革實(shí)踐也引起了學(xué)術(shù)界的關(guān)注，并成為近年來銀行改革研究的熱點(diǎn)問題。然而，由于學(xué)科視角和研究出發(fā)點(diǎn)不同，這些爭論大多圍繞國有股權(quán)是否被“賤賣”、戰(zhàn)略引資是否威脅中國金融安全以及引入外資股東后國有銀行績效、管理提升等角度展開，很少關(guān)注中外資雙方在合作過程中，作為聯(lián)盟雙方在聯(lián)盟過程中的治理機(jī)制和治理互動(dòng)問題�；谶@種情況，本文從中外雙方開展聯(lián)盟合作的現(xiàn)實(shí)出發(fā)，運(yùn)用規(guī)范分析與實(shí)證分析相結(jié)合的方法，借助案例分析與計(jì)量分析工具，對(duì)中資銀行與外資機(jī)構(gòu)戰(zhàn)略聯(lián)盟的聯(lián)盟結(jié)構(gòu)與治理機(jī)制、治理績效之間的影響關(guān)系進(jìn)行了較為系統(tǒng)、深入的研究。 論文首先就中資銀行與外資機(jī)構(gòu)聯(lián)盟治理的前期研究成果進(jìn)行了回顧，從聯(lián)盟治理、銀行聯(lián)盟治理兩個(gè)層面，從聯(lián)盟結(jié)構(gòu)、治理機(jī)制以及績效表現(xiàn)等維度對(duì)前期文獻(xiàn)進(jìn)行了匯總分析。在此基礎(chǔ)上，運(yùn)用交易費(fèi)用、資源理論和制度理論，對(duì)中資銀行引入外資股東后的聯(lián)盟治理相關(guān)問題進(jìn)行了分析和研究，提出了相關(guān)研究假設(shè)，形成了本文研究的“聯(lián)盟結(jié)構(gòu)—聯(lián)盟治理機(jī)制—聯(lián)盟績效”的效應(yīng)傳導(dǎo)模型。其次，論文運(yùn)用案例分析工具，就建設(shè)銀行—美國銀行戰(zhàn)略聯(lián)盟的治理問題進(jìn)行了深入剖析。從聯(lián)盟談判的開始，連續(xù)探討了建設(shè)銀行在引入美國銀行這一聯(lián)盟伙伴之后，在聯(lián)盟契約治理、董事會(huì)治理、整合協(xié)調(diào)機(jī)制、監(jiān)督機(jī)制等方面的治理措施和效果，一方面運(yùn)用案例實(shí)際印證了部分假說內(nèi)容，另一方面也通過案例研究發(fā)現(xiàn)一些有待澄清的問題來為后期的實(shí)證研究提供方向。最后，論文在前述規(guī)范分析、案例研究基礎(chǔ)上，進(jìn)一步收集了近年來引入外資戰(zhàn)略聯(lián)盟伙伴的15家中資銀行樣本數(shù)據(jù)，從股權(quán)結(jié)構(gòu)與資源結(jié)構(gòu)兩個(gè)維度，遵循“聯(lián)盟動(dòng)因→聯(lián)盟結(jié)構(gòu)→聯(lián)盟治理機(jī)制→聯(lián)盟體績效”逐層遞進(jìn)的分析邏輯，，通過對(duì)變量間的影響關(guān)系進(jìn)行數(shù)據(jù)檢驗(yàn)和實(shí)證分析，確證了中資銀行與外資機(jī)構(gòu)跨國股權(quán)聯(lián)盟的聯(lián)盟動(dòng)因、聯(lián)盟結(jié)構(gòu)（股權(quán)結(jié)構(gòu)、資源結(jié)構(gòu)）、聯(lián)盟治理機(jī)制與績效間的傳導(dǎo)效應(yīng)。 論文通過研究得出如下結(jié)論：第一，聯(lián)盟動(dòng)因影響中資銀行與外資機(jī)構(gòu)聯(lián)盟結(jié)構(gòu)的構(gòu)成和選擇。聯(lián)盟動(dòng)因的不同（深度、廣度、持續(xù)時(shí)間的預(yù)期），將直接影響中資銀行對(duì)于外資伙伴的選擇及外資股東股權(quán)投入比例。第二，聯(lián)盟結(jié)構(gòu)的不同直接導(dǎo)致了聯(lián)盟治理機(jī)制的差異。不同股權(quán)比例、股權(quán)集中度以及聯(lián)盟方的資源背景，意味著不同的交易成本和資源稟賦優(yōu)勢(shì)，從而促使外資聯(lián)盟伙伴在聯(lián)盟治理機(jī)制的選擇上采取不同的策略和立場，表現(xiàn)為聯(lián)盟機(jī)制內(nèi)容的差異。第三，聯(lián)盟治理機(jī)制是聯(lián)盟結(jié)構(gòu)與績效間的中介變量。聯(lián)盟結(jié)構(gòu)的不同引發(fā)了聯(lián)盟治理機(jī)制選擇的差異，而聯(lián)盟治理機(jī)制作為相對(duì)具體的聯(lián)盟管理機(jī)制之一，其不同的選擇就意味著不同制度體系、交易成本構(gòu)成和資源交互狀況，而這些差異在實(shí)踐中又引致了對(duì)銀行最終績效的影響。 本文的創(chuàng)新點(diǎn)在于，一是從聯(lián)盟治理角度對(duì)中資商業(yè)銀行引入戰(zhàn)略投資者后的治理結(jié)構(gòu)、機(jī)制與績效進(jìn)行了較為系統(tǒng)的研究；二是從企業(yè)資源視角出發(fā)，研究了外資資源背景對(duì)中資銀行與外資聯(lián)盟治理的結(jié)構(gòu)、機(jī)制的影響；三是在研究中對(duì)于部分較難測(cè)度的因素，如契約治理、聯(lián)盟動(dòng)因等提出了新的測(cè)量方法。本研究結(jié)論對(duì)于科學(xué)地認(rèn)識(shí)中資銀行與外資機(jī)構(gòu)聯(lián)盟治理實(shí)踐效果具有重要的指導(dǎo)意義，同時(shí)也為中國銀行業(yè)未來進(jìn)一步探索國際化道路提供有價(jià)值的參考依據(jù)。
[Abstract]:At the beginning of this century, under the background of financial globalization, in the process of banking reform in China, many Chinese banks have introduced foreign capital as alliance partners out of their own needs, in order to achieve a deep integration of resources and enhance the competitiveness of Chinese banks on the basis of supplementary capital. This reform practice has also caused academic research. The attention of the world has become a hot issue in the research of banking reform in recent years. However, because of the different disciplinary perspective and research starting point, most of these disputes are about whether the state-owned shares are "sold" or not, whether the strategic introduction is a threat to China's financial security and the introduction of foreign shareholders to the bank performance, management promotion and so on. On the basis of this situation, this paper, based on the reality of the alliance cooperation between China and foreign countries, uses the method of combination of normative analysis and empirical analysis, with the aid of case analysis and measurement analysis tools, on the basis of this situation. A systematic and in-depth study is conducted on the relationship between the alliance structure of the strategic alliance and governance mechanism and governance performance.
First, the paper reviews the previous research results of the alliance governance between China and foreign capital institutions. From the two aspects of alliance governance and bank alliance governance, the previous literature is summarized and analyzed from the alliance structure, governance mechanism and performance performance. On this basis, the transaction costs, resource theory and system theory are used. This paper analyzes and studies the related issues related to the alliance governance after the introduction of foreign shareholders, and puts forward the relevant research hypothesis, and forms the effect transmission model of "alliance structure alliance governance mechanism alliance performance". Secondly, the paper uses the case analysis tool to govern the strategic alliance of the Construction Bank American bank. The problem is deeply analyzed. From the beginning of the alliance negotiation, the management measures and effects on the alliance contract governance, the board governance, the integration coordination mechanism, the supervision mechanism and so on are discussed continuously after the alliance negotiation. Through the case study, we find some questions to be clarified to provide direction for the later empirical research. Finally, on the basis of the previous normative analysis and case study, the paper further collects the sample data of 15 Chinese banks which have introduced foreign strategic alliance partners in recent years, and follows the "alliance movement" from the two dimensions of ownership structure and resource structure. The causal analysis logic of the alliance structure, alliance governance mechanism and alliance performance, through the data test and Empirical Analysis on the relationship between the variables, confirms the alliance motivation of the transnational equity alliance of the Chinese capital banks and the foreign capital institutions, the alliance structure (equity structure, resource structure), the alliance governance mechanism and the performance. Conduction effect.
Through the study, the following conclusions are drawn: firstly, the motivation of the alliance affects the structure and selection of the structure of the alliance of Chinese capital banks and foreign capital institutions. The difference of the motivation of the Alliance (depth, breadth, duration expectation) will directly affect the choice of foreign capital partners and the proportion of foreign capital shareholders' equity investment. Second, the differences in the structure of the alliance. The difference of the alliance governance mechanism directly leads to the difference of the alliance governance mechanism. The different share ratio, the ownership concentration and the resource background of the alliance means different transaction costs and resource endowments, thus promoting the foreign alliance partners to adopt different strategies and positions in the choice of the alliance governance mechanism, showing the difference in the content of the alliance mechanism. Third, The alliance governance mechanism is the intermediary variable between the alliance structure and the performance. The difference of alliance structure leads to the difference of the choice of alliance governance mechanism, and the alliance governance mechanism is one of the relative specific alliance management mechanisms. The different choice means the different system system, the transaction cost composition and the resource interaction condition, and these differences are in the same way. In practice, it leads to the ultimate performance of banks.
The innovation of this paper is that the first is the systematic research on the governance structure, mechanism and performance of Chinese commercial banks from the angle of alliance governance, and the two is to study the influence of the background of foreign capital on the structure and mechanism of the alliance of Chinese capital banks and foreign capital from the Perspective of enterprise resources; and the three is to study In the study, some new measurement methods are put forward for some of the more difficult factors, such as contract governance and alliance motivation. The conclusion of this study is of great guiding significance to the scientific understanding of the effect of Chinese banks and foreign capital organizations in the practice of governance, and also provides valuable reference for the future of China's banking industry to further explore the road to internationalization. Test the basis.
【學(xué)位授予單位】：南開大學(xué)
【學(xué)位級(jí)別】：博士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.3

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本文編號(hào)：2009006