中资银行引入境外战略投资者后的绩效变化研究

发布时间：2018-04-13 03:06

本文选题：中资银行 + 境外战略投资者　；参考：《复旦大学》2014年硕士论文

【摘要】：本文首先回顾了银行效率理论、产权理论与银行业跨国投资动因理论,介绍了学界对银行业引入境外战略投资者的讨论。接着,对中资银行引入境外战略投资者的动因进行分析,发现对中资银行,引资有助于提升其在国际市场的形象,提高资本充足率,完善公司治理结构,学习先进的管理经验,从而增强竞争力；对境外战略投资者,参股可以共享东道国银行的客户资源与本土经验,以最低成本打开市场,而且可获得较高经济收益。在此基础上,简要梳理了中资银行引资的四阶段历程,期间,引资规模不断扩大,合作方式和对象多元化。在第三章中,本文选择了14家财务数据完整的引入外资股权的中资银行,将其分为国有商业银行、股份制商业银行和城市商业银行三组,基于各银行年度财务报表数据,使用的评价体系为骆驼信用评级指标体系,考察中资银行被参股后在资本充足率、资产质量、管理水平、盈利水平和流动性等方面的成效,结果表明：引入外资后,国有商业银行的绩效提高幅度,总体优于非国有商业银行；对于后者,境外战略投资者使其在管理水平上得到较为显著的改善。进一步,本文从上述三组中,选取交通银行、兴业银行和宁波银行三家具有代表性的中资银行引资实例,分析境外战略投资者对中资银行的实际影响,即境外战略投资者能够优化中资银行股权构成,协助中资银行积极拓展业务领域和培养专业人才。我国在引进境外战略投资者的过程中也存在一些问题,例如2008年以来的“减持事件”。因此我国银行业应审慎考察引资机构,选择与自身相匹配的合作对象。中资银行引入境外战略投资者后,应结合自身业务和资源特点,有选择的消化合作伙伴积累的国际领先经营经验,最终达到提高自身竞争力的目的。政府应逐步完善对境外战略投资者的监管制度,对市场进入和退出做出严格限制。
[Abstract]:Firstly, this paper reviews the theory of bank efficiency, property rights and the theory of transnational investment motivation of banking industry, and introduces the discussion on the introduction of foreign strategic investors in banking industry.Then, by analyzing the motivation of Chinese banks to introduce foreign strategic investors, we find that attracting foreign investment will help to improve their image in the international market, improve the capital adequacy ratio, perfect the corporate governance structure, and learn advanced management experience.For foreign strategic investors, they can share the customer resources and local experience of the host country bank, open the market at the lowest cost, and obtain higher economic benefits.On this basis, this paper briefly combs the four-stage process of attracting foreign investment by Chinese banks. During this period, the scale of foreign investment is constantly expanded, and the cooperation mode and object are diversified.In the third chapter, this paper selects 14 Chinese banks with complete financial data to introduce foreign equity, and divides them into three groups: state-owned commercial banks, joint-stock commercial banks and city commercial banks, which are based on the annual financial statement data of each bank.The evaluation system used is the camel credit rating index system. The results show that after the Chinese banks are invested in the stock market, they are effective in the aspects of capital adequacy ratio, asset quality, management level, profit level and liquidity, etc. The results show that: after the introduction of foreign capital,The performance of state-owned commercial banks is better than that of non-state-owned commercial banks on the whole, and for the latter, the management level of foreign strategic investors has been improved significantly.Further, from the above three groups, this paper selects three representative examples of Bank of Communications, Industrial Bank and Ningbo Bank to analyze the actual impact of foreign strategic investors on Chinese banks.That is, foreign strategic investors can optimize the equity structure of Chinese banks, assist them to actively expand their business areas and train professionals.China also has some problems in the process of introducing foreign strategic investors, such as the "reduction event" since 2008.Therefore, China's banking industry should carefully investigate the institution of foreign investment and choose the object of cooperation with itself.After introducing foreign strategic investors, Chinese banks should combine their own business and resource characteristics, selectively digest the international leading management experience accumulated by their partners, and finally achieve the goal of improving their own competitiveness.The government should gradually perfect the supervision system for foreign strategic investors and make strict restrictions on market entry and exit.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.33

【参考文献】