浦发银行资本结构与盈利能力相关性研究

发布时间：2018-06-25 22:03

本文选题：浦发银行 + 资本结构　；参考：《东北农业大学》2012年硕士论文

【摘要】：近年来国际金融危机逐渐蔓延到我国国内经济环境,给我国的股份制商业银行带来了比较严峻的考验,尤其在2011年这个国际国内经济形势错综复杂的一年里,欧洲负债危机更是持久地笼罩着世界经济,使其沿着经济复苏的道路曲折前进,国内的经济在中央正确、强有力的宏观调控政策引导下,面对通货膨胀的压力仍然以稳中回升的趋势不断巩固和进步。而浦发银行自上市以后,在银行业取得了惊人的成绩,努力克服复杂多变的经济环境对其带来的不利影响,在国内外银行竞争中资本规模和业绩进一步提高,尤其是盈利能力实现了大幅度的增长。盈利能力作为企业的一个核心能力指标,是衡量和度量商业银行经营效果的重要指标,较强的盈利能力能够为银行内部融资创造积极的条件。银行的资产与负债的比例达到一个合理的程度时,也就是说资本结构合理了,才会为银行投资决策提供良好的基础,同时也是其自身获取更高的盈利水平的重要途径。因此,以浦发银行为例,研究其资本结构与盈利能力的相关性关系,对优化浦发银行乃至我国股份制商业银行的资本结构、提高盈利能力都具有重要意义。首先对国内外的相关文献进行了回顾与总结,在浦发银行资本结构和盈利能力的现状分析的基础之上,采用统计学分析软件SPSS13.0,以浦发银行1999—2010年的财务数据为研究样本,选取多个能够反映盈利能力的财务指标作为进行因子分析,其结果表明：反映浦发银行盈利能力的总资产收益率、主营业务利润率、净资产收益率、成本费用利润率、销售净利率、营业利润率、股本报酬率和主营业务成本率八个指标,前两个主成分因子,即总资产收益率和主营业务利润率的累计方差贡献率达到了87.980%,能够代表原有变量的大部分信息,反映浦发银行盈利能力的87.980%,所以选取这两个因子作为解释变量,反映资本结构的资产负债率指标作为被解释变量,从而建立多元线性回归模型分析浦发银行资本结构与盈利能力的关系,得出总资产收益率与资产负债率呈现较强的负相关关系,主营业务利润率与资产负债率呈现较弱的正相关关系。最后,针对实证分析的结果、浦发银行资本结构和盈利能力存在的问题,建议应该通过浦发银行自身和外部宏观环境两方面来优化其资本结构,内部要进一步优化股权和债权结构,合理引入战略机构投资者的同时监管机构还要加强对浦发银行资本充足率的监管。另外,还要通过提高资产质量和大力发展中间业务方式来提高浦发银行盈利能力。
[Abstract]:In recent years, the international financial crisis has gradually spread to the domestic economic environment of our country, which has brought a relatively severe test to the joint-stock commercial banks of our country, especially in the year of 2011, when the international and domestic economic situation is complicated. The debt crisis in Europe has been hanging over the world economy for a long time, making it go along the road of economic recovery with twists and turns. The domestic economy is guided by the correct and powerful macroeconomic control policies of the central government. In the face of inflationary pressures are still steady in the upward trend of consolidation and progress. Since its listing, Pudong Development Bank has made remarkable achievements in the banking industry. It has made great efforts to overcome the adverse effects of the complex and changeable economic environment, and has further improved its capital scale and performance in the competition between banks at home and abroad. In particular, profitability has achieved substantial growth. As a core competence index, profitability is an important index to measure and measure the operation effect of commercial banks. Strong profitability can create positive conditions for internal financing of banks. When the ratio of assets to liabilities of banks reaches a reasonable level, that is to say, if the capital structure is reasonable, it will provide a good basis for banks to make investment decisions, and it is also an important way for them to obtain higher profit level. Therefore, taking Pudong Development Bank as an example, it is of great significance to study the correlation between its capital structure and profitability, which is of great significance to optimize the capital structure of Pudong Development Bank and China's joint-stock commercial banks and to improve their profitability. Firstly, this paper reviews and summarizes the relevant literature at home and abroad. On the basis of the analysis of the present situation of the capital structure and profitability of Pudong Development Bank, SPSS 13.0 is used to analyze the financial data of Pudong Development Bank from 1999 to 2010. A number of financial indexes which can reflect profitability are selected as factor analysis. The results show that: total return on assets, profit margin of main business, return on net assets, profit rate of cost and expense, which reflect profitability of Shanghai Development Bank, Net interest rate of sales, operating profit rate, return on equity and cost rate of main business, the first two principal component factors, That is, the cumulative variance contribution rate of the total return on assets and the profit margin of the main business has reached 87.980, which can represent most of the information of the original variables, and reflect the profitability of the Pudong Development Bank. Therefore, these two factors are selected as explanatory variables. The asset-liability ratio index, which reflects the capital structure, is taken as the explained variable, and the multivariate linear regression model is established to analyze the relationship between the capital structure and profitability of Pudong Development Bank. It is concluded that the total return on assets has a strong negative correlation with the ratio of assets and liabilities, and the profit margin of the main business has a weak positive correlation with the ratio of assets and liabilities. Finally, according to the results of empirical analysis, the capital structure and profitability of the bank should be optimized through the two aspects of the bank itself and the external macro environment. Internal to further optimize the equity and debt structure, reasonable introduction of strategic institutional investors at the same time regulators must strengthen the capital adequacy of Pudong Development Bank supervision. In addition, through the improvement of asset quality and the development of intermediary business to improve the profitability of Pudong Development Bank.
【学位授予单位】：东北农业大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F830.42

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