基于SFA的中国上市银行股权结构与效率的关系研究

发布时间：2018-01-10 19:26

本文关键词：基于SFA的中国上市银行股权结构与效率的关系研究　出处：《合肥工业大学》2013年硕士论文　论文类型：学位论文

【摘要】：股权结构是公司治理的重要内容，并通过治理机制影响银行效率，上市银行的股权结构与其效率息息相关，二者关系一直是备受关注的课题。随着我国金融体制改革的不断深入，上市银行的股权结构有所改善，但是仍然存在“一股独大、国有股控股、股权高度集中”的特征。十二五规划和十八大报告都明确提出“深化金融体制的改革，优化结构，拓展深度，提高效益”。股权结构成为了银行深化改革的关键。因此，对我国上市银行的股权结构与银行效率的关系进行实证研究具有重要意义。论文通过对国内外银行效率和股权结构的研究成果进行了梳理，，界定了银行效率和股权结构的概念，阐述了股权结构与效率的理论。以2007-2011年14家上市银行为研究对象，深入分析了样本银行的股权结构特征。在此基础上，提出了研究假设，构建了基于SFA(Stochastic Frontier Analysis)的银行效率测度模型和回归模型，分别从股权性质、股权集中度和股权制衡三个维度研究股权结构与银行效率的关系，实证结果表明：股权结构是银行效率的重要影响因素；外资股持股比例与银行效率正相关，国有股持股比例与银行效率负相关；股权集中度与银行效率存在倒“U”型关系；此外，我们还发现股权制衡与银行效率呈倒“U”型关系。根据实证分析结果提出了上市银行股权结构的调整路径：国有股减持过程中，应该采取国有股相对控股、相对集中的策略；适当放宽合格境外投资者的持股限制，鼓励外资长期持股；继续积极引进多元化的投资主体。
[Abstract]:The ownership structure is an important part of corporate governance, and the influence of governance mechanisms is closely related to bank efficiency, ownership structure and efficiency of listed banks, the relationship between the two has been a topic of concern. As China's financial system reform, the ownership structure of listed banks has improved, but there are still "the dominance of state-owned stock holdings, characteristics of the highly concentrated ownership". In 12th Five-Year eighteen planning and report clearly put forward the reform, deepen the financial system to optimize the structure, expand the depth and improve the efficiency. The ownership structure has become the key to deepen the reform of the bank. Therefore, the empirical research on the relationship between ownership structure and bank efficiency of China's listed banks. Is of great significance.
This paper reviews the research achievements of domestic and foreign bank efficiency and equity structure, defines the concept of bank efficiency and equity structure, expounds the theory of ownership structure and efficiency. In 2007-2011 14 listed banks as the research object, this paper analyses the characteristics of ownership structure of the sample banks. On this basis, put forward the research hypothesis is established based on the SFA (Stochastic Frontier Analysis) the bank efficiency measurement model and regression model, respectively, from the nature of equity, the relationship between ownership concentration and equity balance three dimensions of ownership structure and bank efficiency, the empirical results show that ownership structure is an important factor affecting the efficiency of commercial banks; foreign banks and shareholding proportion the efficiency is positively related to the proportion of state-owned shares and bank efficiency are negatively correlated; ownership concentration and bank efficiency is inverted "U" type of relationship; in addition, we also found that The balance of equity and the efficiency of the bank have an inverted "U" relationship.
According to the results of empirical analysis put forward the path to adjust the ownership structure of Listed Banks: the reduction of state-owned shares of state-owned shares should take relative holding, the relative concentration of the strategy; appropriate to relax the shareholding limit of qualified foreign investors, encourage foreign investment in long-term holdings; continue to actively introduce diversified investors.

【学位授予单位】：合肥工业大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.33;F224

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