發(fā)布時間：2018-06-25 22:03

  本文選題：浦發(fā)銀行 + 資本結(jié)構(gòu)��； 參考：《東北農(nóng)業(yè)大學(xué)》2012年碩士論文

【摘要】：近年來國際金融危機(jī)逐漸蔓延到我國國內(nèi)經(jīng)濟(jì)環(huán)境,給我國的股份制商業(yè)銀行帶來了比較嚴(yán)峻的考驗(yàn),尤其在2011年這個國際國內(nèi)經(jīng)濟(jì)形勢錯綜復(fù)雜的一年里,歐洲負(fù)債危機(jī)更是持久地籠罩著世界經(jīng)濟(jì),使其沿著經(jīng)濟(jì)復(fù)蘇的道路曲折前進(jìn),國內(nèi)的經(jīng)濟(jì)在中央正確、強(qiáng)有力的宏觀調(diào)控政策引導(dǎo)下,面對通貨膨脹的壓力仍然以穩(wěn)中回升的趨勢不斷鞏固和進(jìn)步。而浦發(fā)銀行自上市以后,在銀行業(yè)取得了驚人的成績,努力克服復(fù)雜多變的經(jīng)濟(jì)環(huán)境對其帶來的不利影響,在國內(nèi)外銀行競爭中資本規(guī)模和業(yè)績進(jìn)一步提高,尤其是盈利能力實(shí)現(xiàn)了大幅度的增長。 盈利能力作為企業(yè)的一個核心能力指標(biāo),是衡量和度量商業(yè)銀行經(jīng)營效果的重要指標(biāo),較強(qiáng)的盈利能力能夠?yàn)殂y行內(nèi)部融資創(chuàng)造積極的條件。銀行的資產(chǎn)與負(fù)債的比例達(dá)到一個合理的程度時,也就是說資本結(jié)構(gòu)合理了,才會為銀行投資決策提供良好的基礎(chǔ),同時也是其自身獲取更高的盈利水平的重要途徑。因此,以浦發(fā)銀行為例,研究其資本結(jié)構(gòu)與盈利能力的相關(guān)性關(guān)系,對優(yōu)化浦發(fā)銀行乃至我國股份制商業(yè)銀行的資本結(jié)構(gòu)、提高盈利能力都具有重要意義。 首先對國內(nèi)外的相關(guān)文獻(xiàn)進(jìn)行了回顧與總結(jié),在浦發(fā)銀行資本結(jié)構(gòu)和盈利能力的現(xiàn)狀分析的基礎(chǔ)之上,采用統(tǒng)計學(xué)分析軟件SPSS13.0,以浦發(fā)銀行1999—2010年的財務(wù)數(shù)據(jù)為研究樣本,選取多個能夠反映盈利能力的財務(wù)指標(biāo)作為進(jìn)行因子分析,其結(jié)果表明：反映浦發(fā)銀行盈利能力的總資產(chǎn)收益率、主營業(yè)務(wù)利潤率、凈資產(chǎn)收益率、成本費(fèi)用利潤率、銷售凈利率、營業(yè)利潤率、股本報酬率和主營業(yè)務(wù)成本率八個指標(biāo),前兩個主成分因子,即總資產(chǎn)收益率和主營業(yè)務(wù)利潤率的累計方差貢獻(xiàn)率達(dá)到了87.980%,能夠代表原有變量的大部分信息,反映浦發(fā)銀行盈利能力的87.980%,所以選取這兩個因子作為解釋變量,反映資本結(jié)構(gòu)的資產(chǎn)負(fù)債率指標(biāo)作為被解釋變量,從而建立多元線性回歸模型分析浦發(fā)銀行資本結(jié)構(gòu)與盈利能力的關(guān)系,得出總資產(chǎn)收益率與資產(chǎn)負(fù)債率呈現(xiàn)較強(qiáng)的負(fù)相關(guān)關(guān)系,主營業(yè)務(wù)利潤率與資產(chǎn)負(fù)債率呈現(xiàn)較弱的正相關(guān)關(guān)系。 最后,針對實(shí)證分析的結(jié)果、浦發(fā)銀行資本結(jié)構(gòu)和盈利能力存在的問題,建議應(yīng)該通過浦發(fā)銀行自身和外部宏觀環(huán)境兩方面來優(yōu)化其資本結(jié)構(gòu),內(nèi)部要進(jìn)一步優(yōu)化股權(quán)和債權(quán)結(jié)構(gòu),合理引入戰(zhàn)略機(jī)構(gòu)投資者的同時監(jiān)管機(jī)構(gòu)還要加強(qiáng)對浦發(fā)銀行資本充足率的監(jiān)管。另外,還要通過提高資產(chǎn)質(zhì)量和大力發(fā)展中間業(yè)務(wù)方式來提高浦發(fā)銀行盈利能力。
[Abstract]:In recent years, the international financial crisis has gradually spread to the domestic economic environment of our country, which has brought a relatively severe test to the joint-stock commercial banks of our country, especially in the year of 2011, when the international and domestic economic situation is complicated. The debt crisis in Europe has been hanging over the world economy for a long time, making it go along the road of economic recovery with twists and turns. The domestic economy is guided by the correct and powerful macroeconomic control policies of the central government. In the face of inflationary pressures are still steady in the upward trend of consolidation and progress. Since its listing, Pudong Development Bank has made remarkable achievements in the banking industry. It has made great efforts to overcome the adverse effects of the complex and changeable economic environment, and has further improved its capital scale and performance in the competition between banks at home and abroad. In particular, profitability has achieved substantial growth. As a core competence index, profitability is an important index to measure and measure the operation effect of commercial banks. Strong profitability can create positive conditions for internal financing of banks. When the ratio of assets to liabilities of banks reaches a reasonable level, that is to say, if the capital structure is reasonable, it will provide a good basis for banks to make investment decisions, and it is also an important way for them to obtain higher profit level. Therefore, taking Pudong Development Bank as an example, it is of great significance to study the correlation between its capital structure and profitability, which is of great significance to optimize the capital structure of Pudong Development Bank and China's joint-stock commercial banks and to improve their profitability. Firstly, this paper reviews and summarizes the relevant literature at home and abroad. On the basis of the analysis of the present situation of the capital structure and profitability of Pudong Development Bank, SPSS 13.0 is used to analyze the financial data of Pudong Development Bank from 1999 to 2010. A number of financial indexes which can reflect profitability are selected as factor analysis. The results show that: total return on assets, profit margin of main business, return on net assets, profit rate of cost and expense, which reflect profitability of Shanghai Development Bank, Net interest rate of sales, operating profit rate, return on equity and cost rate of main business, the first two principal component factors, That is, the cumulative variance contribution rate of the total return on assets and the profit margin of the main business has reached 87.980, which can represent most of the information of the original variables, and reflect the profitability of the Pudong Development Bank. Therefore, these two factors are selected as explanatory variables. The asset-liability ratio index, which reflects the capital structure, is taken as the explained variable, and the multivariate linear regression model is established to analyze the relationship between the capital structure and profitability of Pudong Development Bank. It is concluded that the total return on assets has a strong negative correlation with the ratio of assets and liabilities, and the profit margin of the main business has a weak positive correlation with the ratio of assets and liabilities. Finally, according to the results of empirical analysis, the capital structure and profitability of the bank should be optimized through the two aspects of the bank itself and the external macro environment. Internal to further optimize the equity and debt structure, reasonable introduction of strategic institutional investors at the same time regulators must strengthen the capital adequacy of Pudong Development Bank supervision. In addition, through the improvement of asset quality and the development of intermediary business to improve the profitability of Pudong Development Bank.
【學(xué)位授予單位】：東北農(nóng)業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F830.42

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