基于EVA的商业银行经营绩效研究

发布时间：2018-03-11 11:18

本文选题：商业银行　切入点：EVA　出处：《南京大学》2012年硕士论文　论文类型：学位论文

【摘要】：近年来,随着金融创新,世界经济一体化、金融全球化和信息技术的发展,全球银行业都在经历着巨大的变革,各国银行面临的竞争也日趋激烈。与此同时,伴随着中国金融体制的改革,中国经济市场化程度不断提高,对外开放步伐日益加快,中国银行业经营的内外部环境正发生着巨大的变化。这些来自监管要求、同业竞争、金融创新和内部管理滞后的挑战,迫使中国的商业银行思考如何实现控制风险,降低成本及提高自己的经营业绩以实现价值增值的经营目标。经济增加值即EVA是税后经营净利润扣除全部资本成本的余额,它既考虑了债务资本成本,也考虑了权益资本成本,使得最终结果体现了价值增加的部分,是真正反映企业经营成果的指标体系。本文以中国16家上市商业银行为研究样本,在对EVA计算模型和方法进行研究的基础上,测算出这16家银行2005-2010年间的EVA绩效估值。研究发现,考虑了权益资本成本后,商业银行的经营绩效不容乐观,银行经营不同程度的损害了股东价值。银行绩效研究不仅仅是测算EVA和EVA回报率的绝对数值,更重要的是分析银行业绩的驱动因素,以得出提高经营业绩的相应对策。本文基于价值分析的角度,从宏观环境、行业层面和银行内部环境入手分析银行绩效驱动因素。研究结果表明,税收负担、资本实力、风险管理和业务构成与银行经营绩效显著相关。研究认为,商业银行应推广EVA经营理念,建立基于EVA的经营模式和业绩评价体系,为商业银行制定经营战略和战略决策提供有价值的参考。
[Abstract]:In recent years, with the financial innovation, the integration of the world economy, the financial globalization and the development of information technology, the global banking industry is undergoing tremendous changes. With the reform of China's financial system, the degree of marketization of China's economy continues to improve, the pace of opening up to the outside world is speeding up day by day, and the internal and external environment of China's banking industry is undergoing tremendous changes. These come from regulatory requirements and peer competition. The challenge of financial innovation and internal management lags behind, forcing Chinese commercial banks to think about how to control risks, reduce costs and improve their business performance in order to achieve the business goal of increasing value. Economic added value (EVA) is the balance of net operating profit after tax deducting the total capital cost. It not only takes into account the cost of debt capital, but also takes into account the cost of equity capital, which makes the final result reflect the increase in value. It is the index system that truly reflects enterprise management achievement. Based on the research of 16 listed commercial banks in China, this paper estimates the EVA performance of 16 banks from 2005 to 2010 on the basis of the EVA calculation model and method. The results show that the cost of equity capital is taken into account. The performance of commercial banks is not optimistic, and the bank management damages the shareholder value to some extent. The study of bank performance is not only the absolute value of EVA and EVA return, but also the driving factor of bank performance. Based on the value analysis, this paper analyzes the driving factors of bank performance from the macro environment, industry level and bank internal environment. The research results show that the tax burden, capital strength, and so on. Risk management and business composition are significantly related to the performance of banks. The study suggests that commercial banks should promote the concept of EVA management and establish a business model and performance evaluation system based on EVA. To provide valuable reference for commercial banks to formulate business strategies and strategic decisions.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.33;F224

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