金融脱媒对大型商业银行盈利性影响研究

发布时间：2018-03-10 14:25

本文选题：金融脱媒　切入点：大型商业银行　出处：《安徽财经大学》2015年硕士论文　论文类型：学位论文

【摘要】：金融脱媒是一种重要的经济现象,最早出现在20世纪60年代的美国,此后日本、德国等发达国家都出现了不同程度的金融脱媒现象。由于竞争和效益的作用,金融脱媒是经济市场发展到较高层次后必然会出现的结果。随着经济市场的不断发展,经济水平以及金融制度将会得到不断提高和完善,金融脱媒的现象将具有长期发展的趋势。金融脱媒有广义、狭义之分:广义的金融脱媒是指脱离金融中介,资金提供方与资金需求方直接进行资金融通的现象;狭义的金融脱媒单单是指脱离银行系统,资金提供方与资金需求方直接融资的现象。本文研究的是金融脱媒对大型商业银行盈利性的影响,所以采用的是狭义的金融脱媒。金融脱媒引发了金融资产脱离了银行系统而大量流入非银行系统,严重影响了银行传统的存贷款业务的开展,由此深刻影响了银行的盈利能力,对银行的盈利水平也产生了较大的冲击。近年来,随着我国资本市场的不断壮大,银行业金融脱媒现象显现的更为明显,并存在着长期持续发展的趋势。而工、农、中、建四家商业银行在我国银行业一直占据着极其重要的地位,金融脱媒的出现对大型商业银行产生的冲击将在这四家银行上显现的更为突出。本文首先充分分析了金融脱媒在我国的现状,再结合相关理论来更好地理解金融脱媒,然后着重进行了定量分析,文章采取了2007年第三季度到2014年第四季度的30组中、农、工、建相关季度面板数据,通过构建PVAR模型来分析金融脱媒对大型商业银行盈利能力的影响效应。通过研究本文有以下几点结论:金融脱媒对大型商业银行各盈利指标均存在较强的冲击作用,这主要是由于金融脱媒对大型商业银行的资产业务产生影响,大型商业银行会动态的采取相应措施对金融脱媒做出反应,相应的盈利指标也会呈现相应的变化;其次,银行负债方金融脱媒和银行资产方金融脱媒对大型商业银行各盈利指标的影响、冲击幅度存在差异;再次,在多个盈利指标上,金融脱媒对它们的影响大体上呈相同趋势,但在局部上又有分别;最后,从短期来看,金融脱媒的发生,降低了大型商业银行存贷差利息收入,降低了多个盈利指标水平,但从长期来看,金融脱媒的深化确实提高了大型商业银行相关盈利指标水平。依托于实证的研究结果,为大型商业银行更好的应对金融脱媒,提高自身的盈利能力提出了相应的对策建议。具体是通过业务开发和管理水平的提高等方式来增强我国大型商业银行的竞争能力,充分发挥金融脱媒给大型商业银行带来的正效应,促进大型商业银行更好更快的发展。
[Abstract]:Financial disintermediation is an important economic phenomenon, which first appeared in the United States in 1960s. Since then, in developed countries such as Japan, Germany and other developed countries, financial disintermediation has occurred to varying degrees. Financial disintermediation is the inevitable result of the development of the economic market at a higher level. With the continuous development of the economic market, the economic level and the financial system will be continuously improved and improved. The phenomenon of financial disintermediation will have a long-term development trend. Financial disintermediation has broad sense and narrow sense. The narrow sense of financial disintermediation refers to the phenomenon of direct financing from the banking system, fund providers and capital demanders. This paper studies the impact of financial disintermediation on the profitability of large commercial banks. Therefore, the narrow sense of financial disintermediation is adopted. Financial disintermediation causes financial assets to leave the banking system and flow into the non-bank system in a large amount, which seriously affects the development of the bank's traditional deposit and loan business, and thus profoundly affects the profitability of the bank. In recent years, with the continuous growth of the capital market in China, the phenomenon of financial disintermediation in banking has become more obvious, and there is a long-term trend of sustained development. The establishment of four commercial banks has always occupied an extremely important position in China's banking sector. The impact of financial disintermediation on large commercial banks will be more prominent in these four banks. Firstly, this paper fully analyzes the current situation of financial disintermediation in China, and then combines relevant theories to better understand financial disintermediation. Then it focuses on quantitative analysis. The paper takes 30 groups of data from in the third quarter of 2007 to in the fourth quarter of 2014, agricultural, industrial, and construction related quarterly panel data. This paper analyzes the effect of financial disintermediation on the profitability of large commercial banks by constructing the PVAR model. The following conclusions are drawn in this paper: financial disintermediation has a strong impact on each profit index of large commercial banks. This is mainly due to the impact of financial disintermediation on the asset operations of large commercial banks. Large commercial banks will dynamically take appropriate measures to respond to financial disintermediation, and the corresponding profit indicators will also show corresponding changes; secondly, The impact of financial disintermediation on the profitability of large commercial banks is different from that of financial disintermediation on banks' assets. Thirdly, the impact of financial disintermediation on large commercial banks shows the same trend in many profit indicators. Finally, in the short run, the occurrence of financial disintermediation has reduced the interest income on deposit and loan differentials in large commercial banks and lowered the level of several profit indicators, but in the long run, The deepening of financial disintermediation has really raised the level of relevant profit indicators of large commercial banks. Relying on the empirical research results, the financial disintermediation of large commercial banks can be better dealt with. Some countermeasures and suggestions are put forward to improve their profitability. The specific measures are to enhance the competitiveness of large commercial banks in China through the improvement of business development and management level. Give full play to the positive effect brought by financial disintermediation to large commercial banks and promote the better and faster development of large commercial banks.
【学位授予单位】：安徽财经大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F832.33

【相似文献】