金融脱媒与商业银行经营绩效关系研究
发布时间：2018-10-12 07:14
【摘要】：随着我国金融市场的发展和直接融资规模的不断扩大,商业银行面临着金融市场和非银行金融机构越来越多的挑战,大量的资金融通绕过商业银行等存款类机构直接进行的金融脱媒现象日益显现。那么,现阶段我国的金融脱媒趋势有没有形成?若形成,金融脱媒趋势具有哪些特征?金融脱媒如何对商业银行经营绩效产生影响?现阶段我国金融脱媒与商业银行经营绩效存在怎样的计量关系?这些都应引起理论界和银行实务界的重视。 本文首先基于金融中介理论及核心竞争力等理论对金融脱媒的产生动因及其对商业银行经营绩效的作用机制进行了比较系统的理论阐述；然后通过我国金融脱媒指标体系的构建与测算实证检验了我国资本市场建立以来的金融脱媒趋势；并采用数据包络分析(DEA)方法对金融脱媒趋势下的我国商业银行经营绩效水平进行了测算；最后利用面板协整检验和面板回归分析方法对金融脱媒与商业银行经营绩效之间的关系进行了实证研究。 研究发现,1992-2009年间我国的金融脱媒形成并且趋势日益明显,非金融部门对金融部门和银行部门的金融中介化比率均呈下降趋势,但非金融部门资产方的金融脱媒程度高于负债方。金融脱媒与商业银行绩效关系的实证研究发现,非金融部门资产方和负债方两个方向上的金融脱媒均与我国商业银行的经营绩效呈负相关,即现阶段我国金融脱媒趋势的形成对商业银行经营绩效产生了不利影响。但不同方向的金融脱媒对商业银行经营绩效的影响程度有所不同,非金融部门资产方的金融脱媒对商业银行经营绩效产生的负面影响要显著高于非金融部门负债方的金融脱媒。因此,我国商业银行应高度重视金融脱媒对商业银行经营绩效产生的不利影响,积极进行业务结构和盈利模式的调整,不断加大金融产品和服务的创新力度,提高自身的核心竞争力和整体经营管理水平。
[Abstract]:With the development of China's financial market and the expansion of direct financing scale, commercial banks are facing more and more challenges from financial markets and non-bank financial institutions. The phenomenon of financial disintermediation which bypasses the deposit institutions such as commercial banks is becoming more and more obvious. So, at this stage of our country's financial disintermediation trend has formed? If so, what are the characteristics of the financial disintermediation trend? How does financial disintermediation affect the performance of commercial banks? What is the metrological relationship between financial disintermediation and commercial banks' operating performance at this stage? All these should arouse the attention of the theorists and the banks. Firstly, based on the theory of financial intermediation and core competence, this paper systematically expounds the causes of financial disintermediation and the mechanism of its effect on the performance of commercial banks. Then through the construction and calculation of the financial disintermediation index system in China, the author tests the trend of financial disintermediation since the establishment of the capital market in China. The performance level of commercial banks in China under the trend of financial disintermediation is measured by using data envelopment analysis (DEA) method. Finally, the relationship between financial disintermediation and business performance of commercial banks is studied empirically by panel cointegration test and panel regression analysis. It is found that the financial disintermediation ratio of the non-financial sector to the financial sector and the banking sector is decreasing, but the degree of financial disintermediation of the non-financial sector assets is higher than that of the debtor side. The empirical study on the relationship between financial disintermediation and commercial bank performance shows that the financial disintermediation in both the non-financial sector asset side and the liability side is negatively related to the operating performance of commercial banks in China. That is, the formation of the financial disintermediation trend has a negative impact on the performance of commercial banks. However, the influence of financial disintermediation in different directions on commercial banks' operating performance is different. The negative impact of financial disintermediation on commercial banks' operating performance is significantly higher than that of non-financial sector debtors. Therefore, China's commercial banks should attach great importance to the adverse impact of financial disintermediation on the business performance of commercial banks, actively adjust the business structure and profit model, and constantly increase the innovation of financial products and services. Improve their core competitiveness and the overall level of management.
【学位授予单位】：安徽财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.33
本文编号：2265249
[Abstract]:With the development of China's financial market and the expansion of direct financing scale, commercial banks are facing more and more challenges from financial markets and non-bank financial institutions. The phenomenon of financial disintermediation which bypasses the deposit institutions such as commercial banks is becoming more and more obvious. So, at this stage of our country's financial disintermediation trend has formed? If so, what are the characteristics of the financial disintermediation trend? How does financial disintermediation affect the performance of commercial banks? What is the metrological relationship between financial disintermediation and commercial banks' operating performance at this stage? All these should arouse the attention of the theorists and the banks. Firstly, based on the theory of financial intermediation and core competence, this paper systematically expounds the causes of financial disintermediation and the mechanism of its effect on the performance of commercial banks. Then through the construction and calculation of the financial disintermediation index system in China, the author tests the trend of financial disintermediation since the establishment of the capital market in China. The performance level of commercial banks in China under the trend of financial disintermediation is measured by using data envelopment analysis (DEA) method. Finally, the relationship between financial disintermediation and business performance of commercial banks is studied empirically by panel cointegration test and panel regression analysis. It is found that the financial disintermediation ratio of the non-financial sector to the financial sector and the banking sector is decreasing, but the degree of financial disintermediation of the non-financial sector assets is higher than that of the debtor side. The empirical study on the relationship between financial disintermediation and commercial bank performance shows that the financial disintermediation in both the non-financial sector asset side and the liability side is negatively related to the operating performance of commercial banks in China. That is, the formation of the financial disintermediation trend has a negative impact on the performance of commercial banks. However, the influence of financial disintermediation in different directions on commercial banks' operating performance is different. The negative impact of financial disintermediation on commercial banks' operating performance is significantly higher than that of non-financial sector debtors. Therefore, China's commercial banks should attach great importance to the adverse impact of financial disintermediation on the business performance of commercial banks, actively adjust the business structure and profit model, and constantly increase the innovation of financial products and services. Improve their core competitiveness and the overall level of management.
【学位授予单位】：安徽财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.33
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