中国银行业的改革与效率：1995-2008
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| Title | Banking reform and Efficiency in China: 1995-2008
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| 作者 | 姚树洁 姜春霞 冯根福 |
| Author | Yao Shujie, Jiang Chunxia and Feng Genfu |
| 作者单位 | 西安交通大学经济管理学院 |
| Organization | SEF，School of Econmics and Finance |
| 作者Email | fgf@xjtu.edu.cn |
| 中文关键词 | 单阶段随机前沿 中国银行业 成本效率 利润效率 |
| Key Words | SFA；Efficiency；Banking；China |
| 内容提要 | 本文运用单阶段随机前沿模型分析方法，对中国银行业的效率，特别是对所有制效应、治理结构变化的选择效应和动态效应进行了实证分析。我们发现：1995年至2008年，中国银行业的效率有了改善和提升，估计的平均成本效率和利润效率分别为74%和63%；股份制商业银行和城市商业银行的绩效优于国有商业银行；外国投资者具有很强的选择效应；从长期来看，外资参股对银行利润效率具有负面的影响；银行首次发行新股虽然在短期内改善了银行的获利能力，但从长期来看对利润效率并无显著影响。上述发现对后金融危机时代的中国银行业的未来改革具有重要的启示。 |
| Abstract | Employing a one-step stochastic frontier analysis (SFA) approach, this paper examines bank efficiency in China, paying special attention to the ownership, selection effects and dynamic effects of governance changes. Bank efficiency has improved over the data period 1995-2008. The estimated average cost and profit efficiencies are 74% and 63%, respectively. Joint Stock Commercial Banks (JSCBs) and City Commercial Banks (CCBs) outperform State-owned Commercial Banks (SOCBs). The results suggest a strong selection effect for foreign investors. Foreign ownership participation has a negative effect on profit efficiency in the long-term while initial public offerings (IPOs) improve bank profitability in the short-term. The research findings have important implications on future bank reforms in China in the aftermath of the current financial crisis. |
| 文章编号 | WP71 |
| 登载时间 | 2011-03-30 |
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