發(fā)布時(shí)間：2018-02-03 17:12

  本文關(guān)鍵詞： 商業(yè)銀行 金融脫媒 穩(wěn)健性　出處：《山東大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著國際國內(nèi)經(jīng)濟(jì)形勢的發(fā)展和金融改革的不斷推進(jìn),我國出現(xiàn)了資金繞開銀行等金融中介而在其體外運(yùn)行、直接融資占融資總量的比重逐漸上升的現(xiàn)象。資本市場(尤其是證券市場)融資能力迅速增長,削弱了銀行等存款機(jī)構(gòu)吸收存款的能力；同時(shí),直接融資市場的興起給了企業(yè)更多獲得資金的渠道,傳統(tǒng)意義上的銀行媒介作用被弱化。一般地,我們稱這種現(xiàn)象為金融脫媒。 改革開放以來,我國經(jīng)濟(jì)快速增長,國民財(cái)富不斷增加,金融體制改革不斷深化,各類金融市場發(fā)展迅速,金融脫媒現(xiàn)象已經(jīng)在我國顯現(xiàn),且有逐漸加深的趨勢。在金融市場化進(jìn)程中,金融脫媒現(xiàn)象都必然會(huì)是商業(yè)銀行發(fā)展過程中需要面對的一個(gè)問題。金融脫媒即更多的資金在銀行體系外運(yùn)行,銀行的融資中介職能被大大削弱,傳統(tǒng)的利差收入減少,資金需求者開始更多的通過股票、債券等直接融資渠道獲得資金,居民儲(chǔ)蓄率下降,這些都使商業(yè)銀行面臨著來自體系外和行業(yè)間巨大的競爭壓力。 作為主要的間接融資渠道,商業(yè)銀行的穩(wěn)定健康的發(fā)展對整個(gè)金融業(yè)的發(fā)展有著舉足輕重的影響。鑒于我國國情和經(jīng)濟(jì)環(huán)境的特殊性,金融脫媒表現(xiàn)出非對稱性的特征。國內(nèi)外學(xué)者從不同的角度對金融脫媒對商業(yè)銀行穩(wěn)健性的影響作了較為深入的分析,多數(shù)學(xué)者認(rèn)為金融脫媒對商業(yè)銀行穩(wěn)健性有利有弊。金融脫媒致使銀行喪失了很多傳統(tǒng)的利差收入來源,增大了銀行流動(dòng)性風(fēng)險(xiǎn),儲(chǔ)蓄存款比重下降,資金成本提高削弱了商業(yè)銀行的御險(xiǎn)能力。然而,金融脫媒對我國商業(yè)銀行在開拓業(yè)務(wù)上提出了新的挑戰(zhàn),商業(yè)銀行可以通過改變經(jīng)營策略,開拓新的利潤增長點(diǎn),擺脫對傳統(tǒng)息差收入的依賴。 基于以上研究背景和意義,本文運(yùn)用規(guī)范研究與實(shí)證研究相結(jié)合的研究方法,將金融脫媒對我國商業(yè)銀行穩(wěn)健性的影響作為分析對象,在引入商業(yè)銀行穩(wěn)健性指數(shù),具體測算出金融脫媒程度和脫媒校正效應(yīng)的基礎(chǔ)上,通過構(gòu)建面板數(shù)據(jù)的隨機(jī)效應(yīng)回歸模型,實(shí)證檢驗(yàn)金融脫媒對我國商業(yè)銀行穩(wěn)健性影響的具體情況和現(xiàn)實(shí)意義,為我國商業(yè)銀行更健康的發(fā)展提供一定的參考。
[Abstract]:With the development of international and domestic economic situation and the continuous promotion of financial reform, funds have been operating in our country in vitro, bypassing banks and other financial intermediaries. The capital market (especially the securities market) has a rapid growth in its financing capacity, which weakens the ability of deposit-taking institutions such as banks to absorb deposits. At the same time, the rise of direct financing market gives enterprises more access to funds, and the traditional role of bank media is weakened. Generally speaking, we call this phenomenon financial disintermediation. Since the reform and opening up, China's rapid economic growth, increasing national wealth, deepening the financial system reform, the rapid development of various financial markets, the phenomenon of financial disintermediation has emerged in China. In the process of financial marketization, the phenomenon of financial disintermediation is bound to be a problem that commercial banks have to face in the process of development. Financial disintermediation means that more funds run outside the banking system. The bank's financing intermediary function is greatly weakened, the traditional spread income decreases, the capital demanders begin to obtain funds through the stock, the bond and so on direct financing channel more, the resident savings rate drops. All these make commercial banks face huge competition pressure from outside system and industry. As the main indirect financing channel, the stable and healthy development of commercial banks plays an important role in the development of the whole financial industry. In view of the particularity of our country's national conditions and economic environment. Financial disintermediation shows asymmetric characteristics. Scholars at home and abroad have made a more in-depth analysis of the impact of financial disintermediation on the stability of commercial banks from different angles. Most scholars believe that financial disintermediation has both advantages and disadvantages on the stability of commercial banks. Financial disintermediation causes banks to lose many traditional sources of interest income, increase the liquidity risk of banks, and reduce the proportion of savings deposits. The increase of capital cost weakens the ability of commercial banks to take risks. However, financial disintermediation poses a new challenge to Chinese commercial banks in developing their business, and commercial banks can change their business strategies. Open up new profit growth points and get rid of the dependence on traditional interest income. Based on the above research background and significance, this paper uses normative and empirical research methods to analyze the impact of financial disintermediation on the robustness of commercial banks in China. On the basis of introducing the robustness index of commercial banks and calculating the financial disintermediation degree and disintermediation correction effect, a stochastic effect regression model of panel data is constructed. In order to provide some reference for the healthy development of commercial banks in our country, the concrete situation and practical significance of the influence of financial disintermediation on the stability of commercial banks in China are tested empirically.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.33;F832.2

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