中国商业银行在香港特区并购的效率研究
发布时间:2018-06-20 13:42
本文选题:商业银行 + 并购 ; 参考:《广西大学》2012年硕士论文
【摘要】:当今世界经济一体化的进程日益加快,金融自由化的发展以及国际银行业竞争的加剧,使得全球范围内的银行业并购浪潮风生水起。许多国际性的大银行都是通过海外并购不断走向国际化、发展壮大的。近年来我国商业银行海外并购的步伐加快。为了研究我国商业银行海外并购是否提高了银行效率,选取了发生在香港特区的三个并购案例进行实证分析,分别是2008年招商银行并购香港永隆银行、2009年中国建设银行并购美国国际信贷(香港)有限公司和2009年中信银行并购中信国金。本文以商业银行并购效率理论为基础,首先阐述银行并购效率的相关概念,然后介绍了研究并购效率的几种常用方法并比较几种方法的异同,接下来主要运用股权收益率模型对以上三个案例进行实证分析,分别通过纵向对比和横向对比的方法,分析三家银行的并购活动是否改善了银行效率。最后,对如何提高我国商业银行海外并购效率提出了几点政策建
[Abstract]:Nowadays, the process of world economic integration is speeding up day by day, the development of financial liberalization and the aggravation of international banking competition make the global banking M & A wave rise. Many large international banks are becoming more and more international through overseas mergers and acquisitions. In recent years, the pace of overseas mergers and acquisitions of commercial banks in China has been accelerated. In order to study whether overseas mergers and acquisitions of commercial banks in China have improved the efficiency of banks, three cases of mergers and acquisitions in Hong Kong Special Administrative region have been selected for empirical analysis. China Merchants Bank acquired Hong Kong Wing Lung Bank in 2008, China Construction Bank in 2009 and CITIC Bank in 2009. Based on the theory of M & A efficiency of commercial banks, this paper first expounds the related concepts of M & A efficiency of banks, then introduces several common methods to study M & A efficiency and compares the similarities and differences of several methods. Then we use the equity return model to analyze the above three cases and analyze whether the merger and acquisition activities of the three banks have improved the efficiency of the banks by the methods of vertical and horizontal comparison respectively. Finally, this paper puts forward some policies on how to improve the efficiency of overseas mergers and acquisitions of Chinese commercial banks.
【学位授予单位】:广西大学
【学位级别】:硕士
【学位授予年份】:2012
【分类号】:F832.33;F271
【引证文献】
相关期刊论文 前1条
1 唐士奇;张畅;;商业银行境外并购对比分析[J];西南金融;2013年08期
,本文编号:2044452
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