【摘要】：城市商業(yè)銀行作為我國(guó)銀行業(yè)的重要組成部分,它是在原信用社的基礎(chǔ)上成立起來(lái)的,作為地方性金融機(jī)構(gòu),它對(duì)地方經(jīng)濟(jì)的發(fā)展具有巨大的促進(jìn)作用。根據(jù)中國(guó)加入WTO時(shí)的承諾,我國(guó)銀行業(yè)已于2006年底實(shí)現(xiàn)全面對(duì)外開(kāi)放,因此,我國(guó)城市商業(yè)銀行不僅面臨國(guó)內(nèi)同業(yè)的競(jìng)爭(zhēng),還面臨著國(guó)際同業(yè)的挑戰(zhàn),銀行業(yè)的競(jìng)爭(zhēng)越來(lái)越激烈。另外,由于城市商業(yè)銀行總體規(guī)模小,它的發(fā)展又多取決于當(dāng)?shù)亟?jīng)濟(jì)發(fā)展水平等特點(diǎn),與其他國(guó)有大銀行相比存在諸多劣勢(shì)與不足,因此要想在激烈的競(jìng)爭(zhēng)中持續(xù)發(fā)展下去,就必須不斷提高自身的經(jīng)營(yíng)效率。 而關(guān)于股權(quán)結(jié)構(gòu)與銀行效率關(guān)系的研究,對(duì)于完善銀行的股權(quán)結(jié)構(gòu),提高銀行效率有著非常重要的作用,因此,引起國(guó)內(nèi)外很多學(xué)者的關(guān)注,并得出了不同的結(jié)論。其中,國(guó)外學(xué)者關(guān)于股權(quán)結(jié)構(gòu)對(duì)銀行效率影響的研究,主要可以歸結(jié)為兩類(lèi)：(1)股權(quán)結(jié)構(gòu)與銀行效率存在顯著相關(guān)關(guān)系；(2)股權(quán)結(jié)構(gòu)與銀行效率不存在顯著相關(guān)關(guān)系。而國(guó)內(nèi)學(xué)者關(guān)于股權(quán)結(jié)構(gòu)與銀行效率關(guān)系的研究,也主要?dú)w結(jié)為兩個(gè)方面：一種是對(duì)不同類(lèi)型產(chǎn)權(quán)結(jié)構(gòu)銀行效率進(jìn)行比較,大部分學(xué)者所得出的結(jié)論也基本趨于一致,即認(rèn)為非國(guó)有商業(yè)銀行的效率高于國(guó)有商業(yè)銀行的效率；一種是關(guān)于不同股權(quán)集中度、持股比例及不同股權(quán)屬性對(duì)銀行效率的影響進(jìn)行研究,且學(xué)者們的研究側(cè)重點(diǎn)各不相同,因此,所得出的結(jié)論也有所出入,但最終結(jié)論都認(rèn)為它們之間存在顯著的相關(guān)性。 考慮到關(guān)于全面深入研究城市商業(yè)銀行股權(quán)結(jié)構(gòu)與效率之間關(guān)系的文獻(xiàn)少之義少,以及城市商業(yè)銀行自身存在的劣勢(shì)與不足,本文便以我國(guó)城市商業(yè)銀行作為樣本,研究它的股權(quán)結(jié)構(gòu)與效率之間的關(guān)系,并運(yùn)用公司治理的相關(guān)理論進(jìn)行分析,研究中選擇了2007至2010年間的22家城市商業(yè)銀行作為樣本,分別從理論與實(shí)證的角度對(duì)兩者之間的關(guān)系進(jìn)行研究,為城市商業(yè)銀行完善股權(quán)結(jié)構(gòu),提高效率提供相應(yīng)的理論依據(jù)。 本文的研究思路為：首先,界定銀行效率的概念,并運(yùn)用DEA非參數(shù)方法測(cè)算城市商業(yè)銀行的效率。其次,根據(jù)銀行股權(quán)結(jié)構(gòu)對(duì)效率的作用機(jī)制,對(duì)城市商業(yè)銀行的股權(quán)結(jié)構(gòu)進(jìn)行界定,建立面板數(shù)據(jù)的多元回歸模型,分析股權(quán)結(jié)構(gòu)對(duì)城市商業(yè)銀行效率的影響。最后,根據(jù)前面實(shí)證分析結(jié)果,給出本文的結(jié)論及建議。 本文通過(guò)五章內(nèi)容來(lái)分析股權(quán)結(jié)構(gòu)對(duì)我國(guó)城市商業(yè)銀行效率的影響： 第一章為緒論。首先,描述了本文的研究背景及意義；其次,分別對(duì)國(guó)內(nèi)外相關(guān)文獻(xiàn)進(jìn)行綜述和評(píng)價(jià),并提出不足之處,在此基礎(chǔ)上,提出本文所要做的研究工作。 第二章為理論基礎(chǔ)。首先,界定了城市商業(yè)銀行效率及股權(quán)結(jié)構(gòu)的概念；其次,從股權(quán)屬性、股權(quán)集中度兩個(gè)方面,分析了股權(quán)結(jié)構(gòu)對(duì)銀行效率的作用機(jī)制,為后面的實(shí)證研究做好理論準(zhǔn)備。 第三章為我國(guó)城市商業(yè)銀行效率的測(cè)度。首先,介紹了測(cè)度效率的相關(guān)方法,包括參數(shù)方法和非參數(shù)方法；其次,詳細(xì)介紹了本文中需要用到的方法。最后,利用相關(guān)方法對(duì)我國(guó)城市商業(yè)銀行效率進(jìn)行測(cè)算。 第四章為實(shí)證分析。首先,對(duì)本文中需要用到的股權(quán)結(jié)構(gòu)變量進(jìn)行界定,并分析了我國(guó)城市商業(yè)銀行股權(quán)結(jié)構(gòu)的現(xiàn)狀；其次,以第三章測(cè)算出的城市商業(yè)銀行效率值作為被解釋變量,分別從股權(quán)屬性及股權(quán)集中度兩方面,深入分析股權(quán)結(jié)構(gòu)與城市商業(yè)銀行效率之間的關(guān)系。 第五章為論文研究結(jié)論及相關(guān)建議。首先,對(duì)城市商業(yè)銀行股權(quán)結(jié)構(gòu)與效率關(guān)系進(jìn)行綜合評(píng)價(jià)；其次,提出本文的局限與不足,以及相關(guān)的建議。 本文的實(shí)證結(jié)論主要為以下幾個(gè)方面： (1)不同的股權(quán)屬性對(duì)我國(guó)城市商業(yè)銀行效率造成的影響是不同的。實(shí)證結(jié)果顯示,國(guó)家持股對(duì)城市商業(yè)銀行效率有正面影響,且第一大股東的國(guó)家性質(zhì)對(duì)城市商業(yè)銀行效率產(chǎn)生的影響也是正面的,原因可能如下：一是金融危機(jī)的影響,導(dǎo)致了地方政府在城市商業(yè)銀行經(jīng)營(yíng)發(fā)展中綜合作用為正；二是經(jīng)過(guò)一系列完善股權(quán)結(jié)構(gòu)的措施,城市商業(yè)銀行的國(guó)家股比例得到了適度的降低；三是在城市商業(yè)銀行股份制改革的過(guò)程中,地方政府的行為正在逐漸趨于合理化。 法人持股對(duì)城市商業(yè)銀行效率有負(fù)面影響,說(shuō)明了較高的法人股比例不利于城市商業(yè)銀行公司治理作用的有效發(fā)揮,有可能導(dǎo)致法人股東利用其控股地位做出不利于城市商業(yè)銀行發(fā)展的行為,從而不利于城市商業(yè)銀行效率的提高。 另外,城市商業(yè)銀行通過(guò)上市進(jìn)行融資能夠改善其效率,但是效果不顯著,可能是由于上市銀行家數(shù)占樣本量的比例偏小導(dǎo)致。 (2)股權(quán)集中度對(duì)城市商業(yè)銀行效率產(chǎn)生了負(fù)面的影響。實(shí)證結(jié)果顯示,前五大股東持股比例及前十大股東持股比例對(duì)城市商業(yè)銀行效率產(chǎn)生相當(dāng)程度的負(fù)面影響。我國(guó)城市商業(yè)銀行股權(quán)集中程度相對(duì)較高,一方面,這容易導(dǎo)致大股東缺乏應(yīng)有的制約,存在大股東為自己或者關(guān)聯(lián)公司獲取利益的機(jī)會(huì)主義行為,從而造成大股東侵害其他股東及銀行整體利益的可能性增加。另一方面,由于經(jīng)理人經(jīng)常由大股東委派,他們代表大股東的利益,即使經(jīng)營(yíng)不好,也很難被替代,不利于經(jīng)理人市場(chǎng)作用的發(fā)揮。因此,適度降低城市商業(yè)銀行前十大股東持股比例有利于提高其效率。其次,第一大股東控股能力Z指數(shù)對(duì)城市商業(yè)銀行效率產(chǎn)生負(fù)面影響,但效果并不明顯。 從本文所選取的控制變量的回歸結(jié)果來(lái)看,權(quán)益資產(chǎn)比例顯著的惡化了城市商業(yè)銀行效率,而資產(chǎn)規(guī)模、不良貸款率及董事會(huì)規(guī)模對(duì)城市商業(yè)銀行效率的影響不顯著。 雖然查閱了相關(guān)文獻(xiàn)資料以及搜集了相關(guān)數(shù)據(jù),并對(duì)樣本城市商業(yè)銀行進(jìn)行了系統(tǒng)的分析和研究。但由于資料的不足以及本人研究水平的限制,在本文的研究過(guò)程中存在較多不足的地方。 (1)由于數(shù)據(jù)可獲得性的限制,考慮到本文中所需要的變量,本文僅以2007-2010年間22家城市商業(yè)銀行為樣本進(jìn)行了實(shí)證研究。在以后的研究中,還可以通過(guò)擴(kuò)大樣本銀行的數(shù)量及時(shí)間跨度進(jìn)行研究。 (2)由于大多城市商業(yè)銀行未上市,年報(bào)披露的信息不完全,在后面的研究中,還可以通過(guò)加入更多的投入產(chǎn)出變量,以便使DFA方法測(cè)算出的效率值更精確；其次,部分城市商業(yè)銀行年報(bào)內(nèi)容披露不完整,與股權(quán)結(jié)構(gòu)相關(guān)的數(shù)據(jù)存在缺失現(xiàn)象,考慮到數(shù)據(jù)統(tǒng)計(jì)口徑的一致性,因此,本文無(wú)法將國(guó)有法人股從法人股中分離出來(lái),分別考慮國(guó)有法人股和非國(guó)有法人股與城市商業(yè)銀行效率的關(guān)系,可能對(duì)實(shí)證結(jié)論造成影響；最后,由于本文中是使用DEA方法測(cè)算銀行效率的,雖然DEA方法存在很多優(yōu)點(diǎn),但是它不考慮運(yùn)氣成分、數(shù)據(jù)等問(wèn)題引起的隨機(jī)誤差的影響,這可能在一定程度上對(duì)實(shí)證結(jié)果的有效性造成影響。 (3)由于本研究的時(shí)間跨度在2007—2010年間,這期間發(fā)生了全球性的金融危機(jī),這可能對(duì)各城市商業(yè)銀行產(chǎn)生不同程度的影響,導(dǎo)致測(cè)算出來(lái)的城市商業(yè)銀行效率,以及最后股權(quán)結(jié)構(gòu)與城市商業(yè)銀行效率的關(guān)系的結(jié)論與前人研究存在不一致的情況。
[Abstract]:As an important part of the banking of our country, the commercial bank of the city is established on the basis of the original credit union, as the local financial institution, it has a great effect on the development of the local economy. With the promise of China's accession to the WTO, China's banking industry has been opened to the outside world by the end of 2006. Therefore, the commercial banks of our country face not only the competition of the intra-bank, but also the challenge of the international community, and the competition of the banking industry is becoming more and more intense. in addition, because that overall size of the commercial bank of the city is small, the development of the commercial bank of the city depend on the characteristics of the local economic development level and the like, The efficiency of its operation must be constantly improved. The research on the relationship between the ownership structure and the efficiency of the bank has a very important role in perfecting the structure of the bank and improving the efficiency of the bank. On the other hand, the research on the effect of the equity structure on the efficiency of the bank in the foreign scholars can be divided into two categories: (1) there is a significant correlation between the equity structure and the efficiency of the bank; (2) there is no significant correlation between the ownership structure and the efficiency of the bank On the other hand, the research on the relationship between the equity structure and the efficiency of the bank in China is mainly divided into two aspects: one is the comparison of the efficiency of the different types of property right structure banks, and the conclusion reached by most of the scholars is also basically the same The result shows that the efficiency of the non-state-owned commercial banks is higher than that of the state-owned commercial banks; one is the study of the influence of the concentration of different stock rights, the proportion of the holding shares and the different equity attributes on the efficiency of the banks, and the research focus of the scholars is different. The conclusion has also come in and out, but the final conclusion is that there is a significant correlation between them Taking into account the lack of the literature on the relationship between the ownership structure and efficiency of the city commercial banks, and the disadvantages and disadvantages of the city commercial banks, this paper studies the structure and efficiency of the city commercial banks as a sample Based on the analysis of the related theories of corporate governance,22 urban commercial banks from 2007 to 2010 were selected as the samples, and the relationship between them was studied from the perspective of theory and demonstration. The right structure and the efficiency provide the corresponding rule On the basis of the theory, this paper is to define the concept of bank's efficiency, and to use DEA non-parametric method to measure the city's business. Secondly, according to the mechanism of the role of the equity structure of the bank to the efficiency, the structure of the ownership structure of the commercial bank of the city is defined, the multiple regression model of the panel data is established, and the equity structure is analyzed for the city commercial bank. The effect of efficiency. Finally, based on the results of the previous empirical analysis, this paper is given. Conclusions and suggestions. The paper analyzes the structure of ownership structure to the city business of our country through five chapters. The effect of bank's efficiency The first chapter is the introduction. First of all, the background and significance of this paper are described. Secondly, the relevant literatures at home and abroad are reviewed and evaluated, and the shortcomings are put forward. The research work to be done The second chapter is the theoretical foundation. First, the concept of the efficiency of the commercial bank and the structure of the ownership structure is defined; secondly, the mechanism of the effect of the ownership structure on the efficiency of the bank is analyzed from the aspects of the equity property and the equity concentration degree, which is the following: The third chapter is to make the theoretical preparation for the empirical study. In this paper, the measure of the efficiency of the commercial bank in our country is introduced. Firstly, the correlation method of the measure efficiency is introduced, including the parameter method and the non-parametric method. This paper introduces the methods that need to be used in this paper. Finally, using the related methods, The Efficiency of the State City Commercial Bank The fourth chapter is the empirical analysis. First, the stock structure variables need to be used in this paper are defined, and the current situation of the ownership structure of the city commercial banks in China is analyzed. Don't analyze the equity joint from two aspects: equity property and equity concentration. The relationship between the construction and the efficiency of the commercial bank of the city. The fifth chapter provides a comprehensive evaluation of the relationship between the ownership structure and the efficiency of the city commercial bank. The limitations and deficiencies of this paper, as well as the related recommendations The empirical conclusion of this paper is mainly the following aspects: (1) different stock rights The effect of the nature on the efficiency of the city commercial banks in China is different. The empirical results show that the national shareholding has a positive effect on the efficiency of the city commercial banks, and the influence of the national nature of the first large shareholders on the efficiency of the city commercial banks also It is positive. The reason may be as follows: First, the influence of the financial crisis has led to the comprehensive role of local government in the development of urban commercial banks; the second is to adopt a series of measures to improve the ownership structure, and the proportion of the national shares of the commercial banks of the city is moderate The third is the reform of the joint-stock system of the commercial bank of the city In the course of the process, the behavior of the local government is becoming more and more reasonable. The holding of the legal person has a negative effect on the efficiency of the city commercial banks, and the higher proportion of the legal person shares is not conducive to the effective functioning of the corporate governance of the city commercial banks, which may lead to the legal person's shareholders Make use of its holding status to make the commercial silver in the city unfavorable to the city The behavior of the development of the bank is not conducive to the improvement of the efficiency of the commercial bank of the city. In addition, the city commercial bank can improve its efficiency through the financing of the listing, but the effect does not Significant, possibly due to the small proportion of the number of listed bankers in the sample size. (2) The equity concentration has a negative impact on the efficiency of the city commercial banks. The empirical results show that the proportion of the top five shareholders and the top ten shareholders The shareholding ratio of the big shareholders has a significant negative effect on the efficiency of the commercial bank of the city. The degree of the equity concentration of the commercial banks in our country is relatively high. On the one hand, this can lead to the lack of due system of the large shareholders. An opportunism that has a large shareholder to gain an interest for himself or an associated company. resulting in an increase in the likelihood of large shareholders against the overall interests of other shareholders and banks, on the other hand, because managers are often delegated by large shareholders, they represent the interests of the large shareholders, even if the operation is not good, it is difficult to be replaced, which is not beneficial to the role of the manager market, and therefore, In order to reduce the proportion of the top ten shareholders of the commercial bank of the city, the proportion of the holding of the top ten shareholders of the commercial bank of the city is beneficial to the improvement of its efficiency The force Z index has a negative effect on the efficiency of the city commercial banks, but the effect is not obvious. From the regression results of the control variables selected in this paper, the proportion of equity assets has significantly deteriorated the efficiency of the city commercial banks, and the assets The effect of scale, non-performing loan and board size on the efficiency of urban commercial banks is not significant. and the relevant data is collected, and the system analysis and research of the sample city commercial bank are carried out, The limitation of the level of the study of the foot and of my own study, where there are more deficiencies in the course of the study. (1) Due to the limitations of the availability of the data, the variables required in this document are taken into account, The paper makes an empirical research on the samples of 22 urban commercial banks in 2007-2010. In future studies, the number and time span of the sample banks can also be studied. (2) Since most of the urban commercial banks are not listed, the information disclosed in the annual report is not complete, and in the later studies, it is also possible to By adding more input-output variables, the efficiency value calculated by the DFA method is more accurate; secondly, the content disclosure of the annual report of some urban commercial banks is incomplete, and the data related to the ownership structure is missing, and the test In view of the consistency of the data statistics, this paper is not able to separate the state-owned legal person from the legal person, and consider the relationship between the state-owned legal person and the non-state-owned legal person and the efficiency of the city commercial bank. A method to measure the efficiency of the bank, although the DEA method has many advantages, it does not consider the luck component, data, etc. The effect of the random error caused by the problem may have an impact on the effectiveness of the empirical results to some extent. (3) The global financial crisis has occurred during the period 2007-2010 due to the time span of the study This may have a different degree of influence on the commercial banks of the cities, resulting in the measured efficiency of the city commercial banks.
【學(xué)位授予單位】：西南財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F832.33;F224

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 郭杰;我國(guó)城市商業(yè)銀行股權(quán)結(jié)構(gòu)與經(jīng)營(yíng)績(jī)效關(guān)系研究[D];內(nèi)蒙古大學(xué);2013年

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本文編號(hào)：2500708