發(fā)布時(shí)間：2018-05-17 08:21

  本文選題：經(jīng)濟(jì)增加值(EVA) + 商業(yè)銀行　； 參考：《昆明理工大學(xué)》2013年碩士論文

【摘要】：隨著大批外資銀行進(jìn)入中國市場,外資銀行所擁有的龐大的規(guī)模、優(yōu)質(zhì)的資產(chǎn)、先進(jìn)的管理理念以及良好的服務(wù)質(zhì)量等競爭優(yōu)勢,無疑會對我國商業(yè)銀行的經(jīng)營業(yè)績產(chǎn)生較大的影響,也會使我國銀行業(yè)的競爭加劇。而且,我國銀監(jiān)會于2012年6月7日發(fā)布《商業(yè)銀行資本管理辦法(試行)》。該辦法明確建立了與《巴塞爾協(xié)議Ⅲ》接軌的資本監(jiān)管制度,要求各大銀行的資本充足率不得低于8%,一級資本充足率不得低于6%,核心一級資本充足率不得低于5%。在經(jīng)營環(huán)境發(fā)生變革以及監(jiān)管要求更加嚴(yán)格的情況下,國內(nèi)商業(yè)銀行以利潤為核心的業(yè)績評價(jià)體系已不再適用于當(dāng)前的商業(yè)銀行。由于利潤指標(biāo)側(cè)重對商業(yè)銀行短期經(jīng)營業(yè)績的評價(jià),而沒有考慮經(jīng)營風(fēng)險(xiǎn)和權(quán)益資本成本,導(dǎo)致商業(yè)銀行在實(shí)際運(yùn)用中普遍存在視角狹隘、倚重規(guī)模、忽視風(fēng)險(xiǎn)的情況,其缺陷已日益凸顯。因此,構(gòu)建一套符合當(dāng)前商業(yè)銀行經(jīng)營特點(diǎn)、注重商業(yè)銀行可持續(xù)發(fā)展、體現(xiàn)企業(yè)價(jià)值最大化理念的新的經(jīng)營業(yè)績評價(jià)體系已勢在必然。 本文結(jié)合我國銀行業(yè)的特殊性和我國商業(yè)銀行的實(shí)際情況,通過對稅后經(jīng)營凈利潤(NOPAT)、資本總額(TC)和加權(quán)平均資本成本(WACC)進(jìn)行調(diào)整,構(gòu)建適用于我國商業(yè)銀行的EVA評價(jià)模型,并對11家商業(yè)銀行2007-2012年的EVA表現(xiàn)進(jìn)行了測算和評價(jià),發(fā)現(xiàn)我國商業(yè)銀行EVA值均大于零,4家國有控股銀行的經(jīng)營業(yè)績均遠(yuǎn)遠(yuǎn)好于7家全國性中小股份制商業(yè)銀行,而且11家商業(yè)銀行的EVA值在2007年最低,在2008年有所上升,2009年均出現(xiàn)回落,在2010-2012年呈逐步上升的趨勢；本文還將EVA各項(xiàng)指標(biāo)與傳統(tǒng)業(yè)績評價(jià)指標(biāo)進(jìn)行比較,發(fā)現(xiàn)傳統(tǒng)業(yè)績評價(jià)指標(biāo)一般會高估商業(yè)銀行經(jīng)營業(yè)績,而EVA各項(xiàng)指標(biāo)能更好、更全面客觀地評價(jià)商業(yè)銀行真正創(chuàng)造的價(jià)值。最后,本文根據(jù)駱駝評價(jià)體系的五大方面選取7個(gè)具體指標(biāo)作為解釋變量,以經(jīng)濟(jì)增加值回報(bào)率(REVA)作為被解釋變量,進(jìn)行多元線性回歸分析,測度商業(yè)銀行REVA與其驅(qū)動因素之間的相關(guān)程度,并根據(jù)回歸結(jié)果對如何提高我國商業(yè)銀行的經(jīng)營業(yè)績提出建議。
[Abstract]:With a large number of foreign banks entering the Chinese market, foreign banks have a huge scale, high-quality assets, advanced management concepts and good service quality, and other competitive advantages. There is no doubt that the performance of commercial banks in China will have a greater impact, but also will intensify the competition of the banking industry in China. Moreover, the CBRC issued the measures on Capital Management of Commercial Banks (trial) on June 7, 2012. The measures clearly establish a capital supervision system in line with Basel III, which requires that the capital adequacy ratio of major banks should not be lower than 8, tier one capital adequacy ratio must not be lower than 6, and core tier one capital adequacy ratio should not be lower than 5. With the change of the operating environment and the stricter regulatory requirements, the performance evaluation system of domestic commercial banks, which takes profit as the core, is no longer suitable for the current commercial banks. Because the profit index focuses on the evaluation of the short-term performance of commercial banks, and does not consider the operating risk and the cost of equity capital, commercial banks generally have a narrow perspective, rely on the scale and ignore the risk in the practical application. Its defects have become increasingly prominent. Therefore, it is inevitable to construct a new business performance evaluation system which accords with the characteristics of current commercial banks, pays attention to the sustainable development of commercial banks and embodies the concept of maximizing enterprise value. Based on the particularity of China's banking industry and the actual situation of commercial banks in our country, this paper adjusts the net operating profit after tax and the weighted average cost of capital by adjusting the net operating profit and the weighted average cost of capital, and sets up a EVA evaluation model suitable for commercial banks in China. The EVA performance of 11 commercial banks from 2007 to 2012 is measured and evaluated. It is found that the EVA value of China's commercial banks is higher than that of zero or four state-owned holding banks, and the operating performance of the 4 state-owned holding banks is far better than that of 7 national small and medium-sized joint-stock commercial banks. Moreover, the EVA value of 11 commercial banks was the lowest in 2007, rose in 2008, declined in 2009, and gradually increased in 2010-2012. This paper also compares the EVA indicators with traditional performance evaluation indicators. It is found that the traditional performance evaluation indicators generally overestimate the operating performance of commercial banks, while the EVA indicators can be better, more comprehensive and objective evaluation of the value that commercial banks really create. Finally, according to the five aspects of camel evaluation system, seven specific indicators are selected as explanatory variables, and the rate of return on economic added value (EVA) is used as explained variable to carry out multivariate linear regression analysis. This paper measures the degree of correlation between REVA and its driving factors of commercial banks, and puts forward some suggestions on how to improve the operating performance of commercial banks in China according to the regression results.
【學(xué)位授予單位】：昆明理工大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.33;F830.42

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本文編號：1900649