基于DEA三阶段模型的商业银行财富管理X效率研究

发布时间：2018-07-17 21:45

【摘要】：我国商业银行财富管理业务开展已逾十个年头,在经济全球化,金融市场开放程度加深,外资银行进入中国财富管理市场形成竞争,再加之利率市场化进程的不断推进,商业银行传统借贷利差收入增长空间持续压缩的背景下,财富管理业务内容不断丰富,业务开展规模不断增大,正日益成为商业银行中间业务收入的重要增长点,也将推动商业银行完善进一步完善盈利模式,提供多元化金融产品和服务。因此,近年来商业银行调整财富管理发展战略,大力增强财富管理竞争力,其财富管理经营效率成为商业银行重要绩效评价指标之一。面对当前财富管理宏观、微观环境的变化,财富管理业务发展潜力巨大,但也面临一系列的问题,因而在财富管理收入不断增长的同时,对商业银行财富管理效率进行测度以客观评价业务开展情况显得十分重要。本文首先对财富管理概念、业务内容作出介绍,针对财富管理业务相关理论及X效率理论进行了回顾,并针对商业银行财富管理X效率测度使用的方法作出选择。其次对我国商业银行财富管理业务发展历程进行回顾,并从宏观角度,包括利率市场化、经济增长、财富管理需求、技术水平,以及包括理财规模、业务收入、营销渠道、人才结构和产品服务体系的微观角度两方面对我国商业银行财富管理现状进行分析。再次,通过对投入产出变量的选取,构建商业银行财富管理X效率测度指标体系,在财富管理理论和X效率理论基础上,运用三阶段DEA模型对2009-2013年间我国14家商业银行财富管理X效率进行实证分析,得出以下结论：(1)我国商业银行财富管理X效率偏低,调整后的三阶段X效率值明显低于一阶段,一方面说明目前的良好的经济市场环境提高了商业银行财富管理经营效率,另一方面表明,排除环境变量和随机误差影响后的商业银行财富管理水平较低。从财富管理X效率变化趋势看,国有商业银行X效率与代表经济环境的GDP增长率变化密切程度高,而股份制银行X效率不明显。(2)对比国有商业银行和股份制商业银行,两者配置效率较高,而技术效率偏低,是造成X效率低下的主要原因。对比发现,两类商业银行技术效率不高的原因各有不同,纯技术效率方面,国有银行大于股份制银行,原因在于资金实力雄厚,保证了包括营销渠道建设、人才培养、产品服务体系建设等方面技术的投入力度；规模效率方面,国有银行小于股份制银行,原因在于国有银行财富管理业务规模过大,造成资源低效率利用,普遍处于规模报酬递减阶段,且由此导致的规模低效率呈现下降趋势,而股份制银行财富管理业务规模较小,普遍处于规模报酬递增状态,并且规模效率情况呈现逐年改善状态。最后结合相关理论、现状分析以及实证结果,提出一系列具有针对性的改善我国商业银行财富管理X效率的对策,包括：差异化的财富管理发展策略；完善盈利模式,支持财富管理业务发展;优化人力资本结构,提高财富管理业务管理水平；加强营销渠道建设的技术投入：加强以客户为中心的业务创新,丰富完善产品服务体系。
[Abstract]:The wealth management business of the commercial banks of our country has been carried out for more than ten years. In the economic globalization, the degree of opening of the financial market is deepened, the foreign banks have entered the Chinese wealth management market to form the competition, and the process of the interest rate marketization is continuously pushed forward. Under the background of the continuous compression of the growth space of the commercial banks' traditional lending spreads, the wealth management is under the background of the wealth management. With the continuous enrichment of business content and the increasing scale of business development, the business bank is increasingly becoming an important growth point in the middle business income of commercial banks. It will also promote the commercial banks to perfect the profit model and provide diversified financial products and services. Therefore, in recent years, the commercial banks have adjusted the development strategy of wealth management and strengthened wealth management. Competitiveness, its wealth management and management efficiency has become one of the important performance evaluation indexes of commercial banks. Facing the current wealth management macro, micro environment changes, wealth management business development potential is huge, but also faces a series of problems, so the wealth management efficiency of commercial banks is measured while the wealth management income is increasing. It is very important to evaluate the business situation objectively. Firstly, this paper introduces the concept of wealth management and the content of business, reviews the theory of wealth management business and the theory of X efficiency, and makes a choice for the method of using the X efficiency measure of the wealth management of commercial banks. Secondly, the wealth management industry of China's commercial banks The development process is reviewed, and from the macro point of view, including interest rate marketization, economic growth, wealth management demand, technology level, as well as two aspects of the micro angle of China's commercial banks' wealth management, including financial scale, business income, marketing channels, talent structure and product service system. With the selection of the output variables, the X efficiency measure index system of commercial banks' wealth management is constructed. On the basis of wealth management theory and X efficiency theory, the three stage DEA model is used to make an empirical analysis on the efficiency of the wealth management of 14 commercial banks in China in 2009-2013 years. The following conclusions are drawn: (1) the X efficiency of China's commercial banks' wealth management is low, and the adjustment is adjusted. The three stage of X efficiency is obviously lower than one stage. On the one hand, it shows that the current good economic market environment improves the management efficiency of commercial banks' wealth management. On the other hand, the wealth management level of commercial banks after the exclusion of environmental variables and random errors is low. From the trend of the X efficiency change of wealth management, the state-owned commercial banks The efficiency of line X is closely related to the GDP growth rate that represents the economic environment, while the X efficiency of the joint-stock banks is not obvious. (2) compared to the state-owned commercial banks and the joint-stock commercial banks, the high efficiency and low technical efficiency are the main reasons for the low efficiency of the X. The reasons for the poor technical efficiency of the two types of commercial banks are not high. There are different, pure technical efficiency, the state-owned banks are larger than the joint-stock banks. The reason lies in the strong capital strength, which guarantees the investment in the construction of marketing channels, the training of talents, the construction of product service system, and the scale efficiency, the state-owned banks are less than the joint-stock banks, the reason lies in the wealth management business of the state-owned banks. The large scale, resulting in the utilization of inefficient resources, is generally in the stage of diminishing returns of scale, and the resulting low efficiency rate presents a downward trend, while the wealth management business of stock banks is smaller and is generally in a state of increasing returns to scale, and the scale efficiency situation is now improving year by year. Analysis and empirical results, put forward a series of targeted measures to improve the X efficiency of China's commercial banks' wealth management, including: differentiated wealth management development strategy, improve profit model, support the development of wealth management business, optimize the structure of human capital, improve the management level of wealth management, and strengthen the construction of marketing channels. Technology input: strengthening customer centered business innovation and enriching and improving the product service system.
【学位授予单位】：中国海洋大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F832.33

【相似文献】