基于面板数据DEA的中国商业银行并购绩效实证研究

发布时间：2018-03-04 23:11

本文选题：商业银行　切入点：面板数据　出处：《内蒙古大学》2013年硕士论文　论文类型：学位论文

【摘要】：在资本积聚高速扩张的过程中,企业并购是一条快捷的道路,在世界范围内并购已经成为企业成长和发展壮大的重要手段。我国的资本市场正在迅速的壮大,对企业并购后的绩效变化还存在不少的争论。目前,国际学术界众多学者从不同的角度提出了关于并购的观点。商业银行是金融界的主要组成部分,也是对整个国民经济的发展起着决定性作用。中国加入WTO后,境外金融机构陆续将触角伸向境内,开始收购并组合中国的商业银行部分股权。同时,经过近几年我国银行业的改革,通过并购进入市场的条件日渐成熟。我国银行,特别是国有大型银行在资金宽裕的基础上,如何通过银行并购提高绩效,拓展经营范围,从而在能够在国内外的金融界中获得一番成就、获得话语权是一个极具现实意义的理论命题。本文的研究主线是：围绕并购重组是否能够提高银行效率,怎样分析银行并购绩效以及应该如何管理并经营并购后的业务这三个主要问题进行研究。首先,对国内外银行并购效率的研究进行分析,归纳了银行并购能否实现效率的提高。在此基础上进一步研究了银行并购效率的评价体系,提出符合我国商业银行并购效率的理论方法和分析模型。然后以我国五个商业银行并购为例,运用以基于面板数据的数据包络分析(DEA)方法为主,以财务指数分析法为辅,分别对实施并购的工商银行、交通银行、浦发银行、招商银行和中国银行的案例进行实证分析。最后,结合我国商业银行并购的近况提出了有针对性的相关政策和建议：转变政府非市场化的干预；资本市场不充分的发展；建立有效的法律根据；完善市场体系；加强银行并购后的整合；解决我国商业银行规模经济特征与横向并购模式的矛盾。本文主要运用定性和定量分析相结合——基于面板数据的DEA方法的中国商业银行并购与组合效率实证分析,提出了对我国银行并购绩效的有效评估,并观察我国商业银行并购的缺陷,这对我国商业银行的并购具有极其重要的指导作用。
[Abstract]:In the process of rapid expansion of capital accumulation, enterprise M & A is a fast road, and M & A has become an important means of enterprise growth and development in the world. China's capital market is growing rapidly. There is still a lot of controversy about the performance change after M & A. At present, many scholars in the international academic circles have put forward the views on M & A from different angles. Commercial banks are a major part of the financial sector and play a decisive role in the development of the national economy as a whole. After China's entry into the WTO, overseas financial institutions have successively extended their tentacles to China. At the same time, after the reform of China's banking sector in recent years, the conditions for entering the market through mergers and acquisitions have become more and more mature. Chinese banks, especially large state-owned banks, are on the basis of abundant funds. How to improve the performance and expand the scope of management through bank merger and acquisition is a theoretical proposition of great practical significance in order to gain some achievements in the financial circles at home and abroad and obtain the right of speech. The main research line of this paper is: whether M & A can improve the efficiency of banks, how to analyze the performance of bank M & A and how to manage and manage the business after M & A. This paper analyzes the research on the efficiency of bank merger and acquisition at home and abroad, sums up whether the efficiency of bank merger and acquisition can be improved, and further studies the evaluation system of the efficiency of bank merger and acquisition. This paper puts forward a theoretical method and an analytical model in line with the efficiency of M & A of commercial banks in China. Then, taking five commercial banks in China as an example, the paper mainly uses the data Envelopment Analysis (DEA) method based on panel data, supplemented by the financial index analysis method. The cases of Industrial and Commercial Bank of China, Bank of Communications, Pudong Development Bank, China Merchants Bank and Bank of China are analyzed respectively. Finally, Combined with the recent situation of mergers and acquisitions of commercial banks in China, this paper puts forward some relevant policies and suggestions: transforming government non-market-oriented intervention, insufficient development of capital market, establishing effective legal basis, perfecting market system; To strengthen the integration of banks after M & A and to solve the contradiction between the characteristics of scale economy of commercial banks and the mode of horizontal M & A in China. This paper mainly uses the qualitative and quantitative analysis-DEA method based on panel data to analyze the mergers and acquisitions and portfolio efficiency of Chinese commercial banks, and puts forward an effective evaluation of the performance of bank mergers and acquisitions in China. The defects of M & A of commercial banks in China are also observed, which plays an important role in guiding the M & A of Chinese commercial banks.
【学位授予单位】：内蒙古大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.33;F224

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