衍生金融工具对银行绩效的影响研究

发布时间：2018-04-02 10:39

本文选题：衍生金融工具　切入点：银行绩效　出处：《重庆工商大学》2012年硕士论文

【摘要】：金融创新不仅促进了全球金融自由化，也加剧了全球金融市场的脆弱性。随着我国市场化进程的推进，各个商业银行之间的竞争变得空前激烈，一方面，我国商业银行依赖存贷款利差取得收入的传统盈利模式无法再适应这样的竞争，而西方商业银行的服务手段电子化水平较高，软硬件设备先进，网络技术在金融系统得到广泛运用，在衍生金融产品方面拥有了绝对优势，另一方面衍生金融工具就像一把双刃剑，它在规避和转移风险的同时，也会产生新的金融风险，巴林银行就是因为金融衍生产品的投资失败而最终走向倒闭，加之金融衍生品本身就蕴藏着巨大的潜在危险，而且银行衍生金融业务的表外化又加大了监管的难度。为驱动上市银行价值的最大化，提高银行自身的竞争力，促进银行盈利模式的多元化，研究衍生金融工具对银行绩效的影响是银行发展过程中必须关注的问题。在此背景下，本文首先描述了套期保值理论、投资收益不确定理论和风险理论等贯穿全文始终的理论基础；然后以我国14家上市商业银行为研究对象，，以衍生金融产品产生的非利息收益为被解释变量，统计分析了衍生金融工具非利息收益对银行绩效的影响趋势；最后再对2008-2010年期间这14家银行在其各自的年度报表中公布的关于金融衍生工具及银行绩效相关的数据及指标进行系统分析研究，并结合运用Excel和SPSS11.0分析处理软件分成两部分作了逐步回归分析，分别讨论了衍生金融工具收益与银行绩效的相关性、衍生金融工具收益与银行风险的相关性，并结合实证结果和我国银行的实际情况，最终得出实证结果显示运用衍生金融工具对银行绩效是有一定影响的，但不是很显著，简言之，银行能在影响收入结构的基础上，对银行的现金流量产生影响，或者衍生金融工具在降低银行风险的同时，能提升银行绩效，这样的研究对探讨利用衍生金融工具去提高银行的投资收益的问题上，具有巨大的经济效益。
[Abstract]:Financial innovation not only promotes global financial liberalization, but also exacerbates the fragility of global financial markets.With the development of marketization in our country, the competition among commercial banks has become more and more intense. On the one hand, the traditional profit model of commercial banks, which rely on the difference of deposit and loan interest rate to obtain income, can no longer adapt to this kind of competition.On the other hand, the western commercial banks have a high level of electronic service delivery, advanced hardware and software equipment, extensive use of network technology in the financial system, and absolute advantages in derivative financial products.On the other hand, derivative financial instruments are like a double-edged sword. While avoiding and transferring risks, they will also produce new financial risks.Moreover, the financial derivatives themselves contain huge potential dangers, and the externalization of bank derivative financial business makes it more difficult to supervise.In order to maximize the value of listed banks, improve the competitiveness of banks and promote the diversification of bank profit models, it is necessary to pay attention to the influence of derivative financial instruments on bank performance in the process of bank development.Under this background, this paper first describes the theoretical basis of hedging theory, investment income uncertainty theory and risk theory, and then takes 14 listed commercial banks in China as the research object.Taking the non-interest income generated by derivative financial products as the explanatory variable, the influence trend of non-interest income of derivative financial instruments on bank performance is analyzed statistically.Finally, the data and indicators related to financial derivatives and bank performance published by these 14 banks in their annual statements for the period 2008-2010 are systematically analyzed and studied.Combined with the use of Excel and SPSS11.0 analysis and processing software divided into two parts to make stepwise regression analysis, respectively discussed the correlation between derivative financial instrument income and bank performance, derivative financial instrument income and bank risk correlation,Combined with the empirical results and the actual situation of Chinese banks, the empirical results show that the use of derivative financial instruments has a certain impact on bank performance, but not very significant. In short, banks can influence the income structure on the basis of.It has an impact on the bank's cash flow, or the derivative financial instrument can improve the bank's performance while reducing the bank's risk. This kind of research is to discuss how to use the derivative financial instrument to improve the bank's investment return.It has great economic benefits.
【学位授予单位】：重庆工商大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.3;F224

【参考文献】