中国四大商业银行对外直接投资区位选择问题研究

发布时间：2018-03-11 07:31

本文选题：对外直接投资　切入点：区位选择　出处：《首都经济贸易大学》2013年硕士论文　论文类型：学位论文

【摘要】：次贷危机以来国际经济环境变化显著，加之国内经济转型的推进，使我国大型商业银行传统的以存贷差为主的经营模式难以为继，在国际化中寻求突破口成为多数大型商业银行的现实选择。鉴于对外直接投资区位选择的重要性，以及国内外相关研究的不足，本文选取具有代表性的四大商业银行，研究其对外直接投资的区位选择问题。在综述国内外研究现状的基础上，，本文采用规范与实证相结合的研究方法，围绕对我国四大商业银行较具解释力的三大投资区位选择理论，首先分析了四大商业银行对外直接投资的现状及背后的成因，然后引入SWOT分析，进一步阐述四大商业银行在对外直接投资中所具备的优、劣势，面临的机遇与挑战，并在此基础上运用1999-2011年面板数据建立混合回归模型进行实证分析，得出影响我国四大商业银行对外直接投资区位选择的主要因素表现为双边投资额、东道国人均GDP、地理距离和是否为国际金融中心，最后，结合不同市场和银行不同时期投资动因的变化，综合提出四大商业银行长期动态的投资路径。指出当前阶段四大商业银行应优先稳固其在香港—亚洲区域的经营网络布局；在积累丰富海外投资经验的基础上深化其在各大国际金融中心的渗透和发展；最后在兼具国际竞争力和欧美经济明确复苏的情况下进入发达国家银行市场，完成全面的海外布局。
[Abstract]:The remarkable changes in the international economic environment since the subprime mortgage crisis, coupled with the promotion of domestic economic transformation, make it difficult to sustain the traditional business model of large commercial banks in China, which is dominated by the difference between deposits and loans. Seeking a breakthrough in internationalization has become a realistic choice for most large commercial banks. In view of the importance of the location choice of foreign direct investment and the lack of relevant research at home and abroad, this paper selects four representative commercial banks. On the basis of summarizing the current research situation at home and abroad, this paper adopts the method of combining normative and empirical research. Based on the three important investment location selection theories of four commercial banks in China, this paper first analyzes the current situation and causes behind the four major commercial banks' foreign direct investment, and then introduces the SWOT analysis. The advantages, disadvantages, opportunities and challenges faced by the four commercial banks in foreign direct investment (FDI) are further expounded. On the basis of this, the mixed regression model based on the panel data from 1999 to 2011 is used to carry out empirical analysis. The main factors influencing the location choice of foreign direct investment of the four commercial banks in China are bilateral investment, GDP per capita, geographical distance and international financial center. Finally, Combined with the changes of investment motivation in different markets and different periods of time, the paper puts forward the long-term dynamic investment path of the four commercial banks, and points out that the four major commercial banks should give priority to stabilize their network layout in Hong Kong and Asia at the present stage. To deepen its penetration and development in the major international financial centres on the basis of the accumulation of rich overseas investment experience; and finally to enter the banking markets of developed countries with a combination of international competitiveness and a clear economic recovery in Europe and the United States. Complete the overall overseas layout.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.33

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