价值管理视角下我国商业银行经济增加值研究

发布时间：2018-03-03 23:30

  本文选题：商业银行　切入点：价值管理　出处：《天津大学》2014年博士论文　论文类型：学位论文

【摘要】：银行业是我国国民经济的支柱产业,对国民经济的发展有举足轻重的作用。提升商业银行价值增值能力,把商业银行价值最大化作为实现股东、银行管理层和经营者以及员工和监管部门等利益相关者价值一致的终极目标,已获得学术界和银行业普遍认同。面对金融市场的激烈竞争和资本监管的日趋严格,商业银行如何运用价值管理模式优化内部经营机制,将被动适应监管要求转变为主动实施风险约束,进而实现价值最大化,是推进我国银行业持续科学发展的重要议题。因此,探索构建适合我国商业银行的经济增加值指标用来评估商业银行价值增值能力,深入分析商业银行价值的影响因素,寻找提升商业银行价值增值能力的战略途径,具有极为重要的理论和现实意义。近年来,价值管理作为一种企业管理体系,在银行业的应用越来越广泛。本文回顾了相关研究文献,阐述了商业银行价值管理的理论依据及现实应用,针对我国商业银行特殊性及面临的外部资本约束要求,借鉴传统经济增加值(EVA)评估指标方法,提出商业银行经济增加值(EVAbkg)评估指标,并通过我国16家上市商业银行价值增值情况对模型的适用性进行了实证检验。结果表明,与传统方法计算的经济增加值指标相比,新的商业银行经济增加值评估指标其更能刻画商业银行在资本市场的表现,而且更能将外部监管要求与商业银行自身追求价值最大化的目标紧密结合起来,有效平衡商业银行的资本投入、收益与风险的匹配关系,从而可以更准确地反映商业银行的价值增值能力。本文在构建出EVAbkg指标的基础上,借鉴EVA价值管理的“4M”体系,分别从业绩考核、管理体系、激励机制和理念体系四个方面分析商业银行价值增值的影响因素,并通过对8家上市商业银行的财务数据运用面板数据分析方法,对商业银行价值增值的影响因素展开进一步分析,最终根据各影响因素的弹性,运用“价值树”分析方法阐述了商业银行提高价值增值能力的路径;进而提出提升商业银行价值增值能力的战略,包括强化管理激励机制、优化风险管理指标、寻求合理信贷规模等,构建出完整的EVAbkg商业银行价值管理体系。最后得出结论,我国商业银行引入EVAbkg价值管理工具,结合外部资本监管要求建立新的价值评估指标,使用先进的价值管理方法,可以不断提高商业银行的核心竞争力,促进平衡可持续发展,实现价值最大化。
[Abstract]:The banking industry is the pillar industry of our national economy and plays an important role in the development of the national economy. The ultimate goal of bank management and managers, as well as employees and regulators, to achieve the same value has been generally accepted by academia and banking industry. In the face of fierce competition in financial markets and increasingly stringent capital supervision, How to use value management mode to optimize internal management mechanism, to change passive adaptation to regulatory requirements into active implementation of risk constraints, and thus to maximize value, is an important issue to promote the sustainable and scientific development of China's banking industry. To explore the construction of economic value added index suitable for China's commercial banks to evaluate the value added ability of commercial banks, to deeply analyze the factors affecting the value of commercial banks, and to find a strategic way to enhance the value added ability of commercial banks. In recent years, as a kind of enterprise management system, value management has been used more and more widely in the banking industry. This paper expounds the theoretical basis and practical application of value management of commercial banks. In view of the particularity of commercial banks in China and the external capital constraint requirements, this paper draws lessons from the traditional method of EVA (Economic Value-Added value added) evaluation index. The evaluation index of economic added value of commercial banks is put forward, and the applicability of the model is tested through the value increment of 16 listed commercial banks in our country. The results show that compared with the traditional method, the value added index of economic added value is compared with that of the traditional method. The new evaluation index of economic added value of commercial banks can better depict the performance of commercial banks in the capital market, and more closely combine the external regulatory requirements with the goal of maximizing the value of commercial banks themselves. In order to effectively balance the matching relationship between capital investment, income and risk of commercial banks, this paper can more accurately reflect the value appreciation ability of commercial banks. Based on the construction of EVAbkg index, this paper draws lessons from the "4M" system of EVA value management. This paper analyzes the influencing factors of commercial banks' value increment from four aspects of performance appraisal, management system, incentive mechanism and concept system, and applies panel data analysis method to the financial data of 8 listed commercial banks. The paper further analyzes the influencing factors of the value increment of commercial banks. Finally, according to the elasticity of each influencing factor, the paper expounds the way to improve the value appreciation ability of commercial banks by using the "value tree" analysis method. Then it puts forward the strategy of enhancing the value appreciation ability of commercial banks, including strengthening the management incentive mechanism, optimizing the risk management index, seeking the reasonable credit scale, and constructing a complete value management system of EVAbkg commercial banks. Finally, the conclusion is drawn. With the introduction of EVAbkg value management tools, the establishment of new value evaluation indicators and the use of advanced value management methods, commercial banks in China can continuously improve their core competitiveness and promote balanced and sustainable development. Maximize value.
【学位授予单位】：天津大学
【学位级别】：博士
【学位授予年份】：2014
【分类号】：F832.33;F830.42
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本文编号：1563188