本文關(guān)鍵詞：我國上市銀行效率測算及應(yīng)用　出處：《北京工業(yè)大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 銀行 效率 股價(jià) 面板數(shù)據(jù)

【摘要】：目前在國內(nèi)證券市場上銀行類上市公司無論從每支股票的資產(chǎn)規(guī)模盈利能力影響市場的能力，還是從未來發(fā)展趨勢來看，重要性都在與日俱增效率作為代表銀行競爭力的一個(gè)綜合性指標(biāo)，比較全面地反映了銀行股基本面中上市公司基本情況的重要內(nèi)容，，可作為市場投資者考察銀行股基本面的重要參考，如何評價(jià)銀行效率成為了研究關(guān)注的重點(diǎn)證券市場上的股票價(jià)格反映了市場投資者對股票未來發(fā)展的預(yù)期，而預(yù)期的形成則是建立在對個(gè)股基本面的分析判斷上既然效率是反映上市銀行基本面的一個(gè)綜合性相對量指標(biāo)，而上市銀行的股票價(jià)格反映了市場投資者對上市銀行未來發(fā)展的預(yù)期，此二者存在怎樣的聯(lián)系也成為了研究關(guān)注的熱點(diǎn) 本文評述了近年來有關(guān)重點(diǎn)文獻(xiàn)中銀行效率測算時(shí)投入產(chǎn)出指標(biāo)選擇的共性問題，如指標(biāo)的重復(fù)與遺漏對應(yīng)股東權(quán)益的資本價(jià)格統(tǒng)計(jì)口徑偏誤等根據(jù)不同的效率測算目的，按照中介法的思想從銀行的業(yè)務(wù)角度和收支角度建立相應(yīng)的投入產(chǎn)出指標(biāo)體系來測算效率，明確了每一項(xiàng)投入產(chǎn)出指標(biāo)的選取理由以及各項(xiàng)指標(biāo)對應(yīng)數(shù)據(jù)在財(cái)務(wù)報(bào)表中的統(tǒng)計(jì)口徑，對我國全部16家上市銀行近6期數(shù)據(jù)的實(shí)證表明使用兩套評價(jià)指標(biāo)體系測算的效率結(jié)果大體上一致進(jìn)一步采用面板數(shù)據(jù)模型通過回歸的方法檢驗(yàn)銀行效率作為先行變量對股價(jià)的影響，發(fā)現(xiàn)作為先形變量的銀行效率與股票價(jià)格之間存在顯著的正相關(guān)關(guān)系，說明效率是影響銀行股票價(jià)格的一個(gè)重要因素，可以通過測算銀行的效率預(yù)測下一期股價(jià)的變動情況，據(jù)此對股票投資策略進(jìn)行指導(dǎo)
[Abstract]:At present in the domestic stock market listed banks from each stock assets profitability the ability to influence the market, or from the future development trend, the importance of in efficiency grow with each passing day as a comprehensive indexes of bank competitiveness, more fully reflect the important content of the basic situation of the fundamentals of listed banks the company, as the market investors examine bank stocks fundamentals important reference, how to evaluate the efficiency of banks has become the focus of attention of the Securities Market Research on the stock price reflects the market expectations for the future development of the stock, and the expected formation is based on the fundamentals of the stock analysis since the efficiency of listed banks is reflected the fundamentals of a comprehensive comparative index, while the listed bank's stock price reflects the market investors of listed banks in the future What is the relationship between the two has become the focus of research.
This paper reviewed the calculation efficiency of banks focus on the common problems in the literature in recent years when the input and output index selection, repetition and omission as indicators of the corresponding equity capital price statistical errors according to the efficiency of different purposes, in accordance with the law thought from the bank intermediary business perspective and balance of input and output indicators the corresponding measuring efficiency, clear statistics in the financial statements of each input and output indicators and indicators of the corresponding reason of empirical data, China's total of 16 listed banks nearly 6 data show that the efficiency of the use of two sets of evaluation index system for the calculation of the results are generally consistent with the panel data model further through regression analysis of bank efficiency as the antecedent variables on the stock price, as between bank efficiency and the stock price of the first form. There is a significant positive correlation, which shows that efficiency is an important factor affecting bank stock prices. We can predict the next stock price change by measuring the efficiency of banks, and guide stock investment strategies accordingly.

【學(xué)位授予單位】：北京工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.3;F832.51;F224

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