本文關(guān)鍵詞：引進境外戰(zhàn)略投資者對中資銀行績效與創(chuàng)新能力的影響研究　出處：《廣東外語外貿(mào)大學》2013年碩士論文　論文類型：學位論文

  更多相關(guān)文章： 中資銀行 境外戰(zhàn)略投資者 績效改進 金融創(chuàng)新 核心競爭力

【摘要】：根據(jù)2001年加入WTO時的承諾，中國銀行業(yè)在2006年底對外資銀行全面開放，給予外資銀行以完全的國民待遇。在這種嚴峻的形勢下，中國銀行業(yè)為了提高國際競爭力，建立現(xiàn)代商業(yè)銀行體系，進行了一系列改革，其中最引人注目的就是產(chǎn)權(quán)制度改革，引進境外戰(zhàn)略投資者，希望通過“引資”達到“引智”、“引制”的目的，提高中國銀行業(yè)的經(jīng)營績效，，促使中國銀行業(yè)的核心競爭力的提升。目前，中國銀行業(yè)引入境外戰(zhàn)略投資者已有一段時間，境外戰(zhàn)略投資者入股中國銀行業(yè)能改善經(jīng)營績效嗎？提升了中資銀行的核心競爭力嗎？境外戰(zhàn)略投資者自身哪些因素會對中資銀行績效產(chǎn)生影響？這些問題一直是理論界和實務界爭論的焦點。本文將嘗試對上述問題進行回答。 本文采用理論研究與實證研究、定性分析與定量分析相結(jié)合的方法，選取78家中資銀行的2002年-2011年的相關(guān)數(shù)據(jù)，用實證方法研究境外戰(zhàn)略投資者的引進對中資銀行的盈利性、資產(chǎn)質(zhì)量以及金融創(chuàng)新能力的影響。實證研究結(jié)果表明：1、引進境外戰(zhàn)略投資者并沒有改善中資銀行的經(jīng)營績效；境外戰(zhàn)略投資者持股比例與平均資產(chǎn)收益率沒有獲得顯著的檢驗結(jié)果，回歸系數(shù)不具備統(tǒng)計顯著性，平均資產(chǎn)收益率受到宏觀經(jīng)濟影響很大，而且國有控股銀行的經(jīng)營績效總體上要差于資產(chǎn)規(guī)模小的銀行。2、引進境外戰(zhàn)略投資者也沒有提高中資銀行金融創(chuàng)新能力，目前中國銀行業(yè)的利潤來源主要還是利息收益。3、引進境外戰(zhàn)略投資者提升了中資銀行的風險管理水平，降低中資銀行的不良貸款率，從而改善銀行的資產(chǎn)質(zhì)量。4、引進商業(yè)銀行作為境外戰(zhàn)略投資者，比引進國際組織和投資銀行更有影響力；引進境外戰(zhàn)略投資者的數(shù)目并不是越多越好，而且境外戰(zhàn)略投資者在董事會的一席之地似乎更多地是名義的，而不是實際的優(yōu)勢，并不能對中資銀行帶來“正效應”�？偟膩碚f，引進境外戰(zhàn)略投資者對中資銀行的影響有限。針對研究結(jié)論，本文提出了如下建議：1、提高中資銀行自身的金融創(chuàng)新與經(jīng)營能力；2、減少政府的行政干預；3、完善信息披露機制，減少信息不對稱和委托代理沖突；4、完善相關(guān)法律，培育良好的金融市場環(huán)境；5、漸進有序地促進銀行業(yè)開放，促進良好地合作性競爭；6、完善對境外戰(zhàn)略投資者的激勵約束政策。
[Abstract]:According to the promise of China's entry into WTO in 2001, China's banking industry will be fully open to foreign banks in end of 2006, giving foreign banks full national treatment. In order to improve the international competitiveness and establish a modern commercial banking system, China's banking industry has carried out a series of reforms, the most striking of which is the reform of the property rights system and the introduction of foreign strategic investors. It is hoped that the purpose of "attracting wisdom" and "introducing system" through "attracting foreign investment" can improve the management performance of China's banking industry and promote the enhancement of the core competitiveness of the Chinese banking industry. China's banking industry has been introducing foreign strategic investors for some time. Can foreign strategic investors invest in China's banking sector to improve their business performance? Has it enhanced the core competitiveness of Chinese banks? What factors will affect the performance of Chinese banks by foreign strategic investors themselves? These questions have always been the focus of debate in theoretical and practical circles. This paper will try to answer the above questions. This paper uses theoretical and empirical research, qualitative analysis and quantitative analysis of the method, selected 78 Chinese banks from 2002 to 2011 related data. Using empirical method to study the influence of the introduction of foreign strategic investors on the profitability, asset quality and financial innovation ability of Chinese banks. The introduction of foreign strategic investors has not improved the operating performance of Chinese banks; The proportion of foreign strategic investors holding shares and the average return on assets have no significant test results, the regression coefficient is not statistically significant, and the average return rate of assets is greatly affected by the macro economy. Moreover, the operating performance of state-owned holding banks is worse than that of banks with small assets on the whole, and the introduction of foreign strategic investors has not improved the financial innovation ability of Chinese banks. At present, the profit source of China's banking industry is mainly interest income. The introduction of foreign strategic investors has improved the risk management level of Chinese banks and reduced the non-performing loan ratio of Chinese banks. In order to improve the asset quality of banks, the introduction of commercial banks as foreign strategic investors is more influential than the introduction of international organizations and investment banks; The number of foreign strategic investors is not as large as possible, and the presence of foreign strategic investors on the board seems to be more nominal than actual advantage. It can not bring "positive effect" to Chinese banks. In general, the influence of introducing foreign strategic investors on Chinese banks is limited. In view of the research conclusions, this paper puts forward the following suggestions: 1. Improving the financial innovation and management ability of Chinese banks; (2) reducing the government's administrative intervention; (3) perfecting the mechanism of information disclosure and reducing information asymmetry and principal-agent conflict; (4) perfect the relevant laws and foster a good financial market environment; (5) gradually and orderly promoting the opening up of the banking industry and promoting good cooperative competition; 6. Improve incentive and restraint policies for foreign strategic investors.
【學位授予單位】：廣東外語外貿(mào)大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F830.42;F832.33

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