中国金融业FDI影响因素研究

发布时间：2018-05-30 06:06

本文选题：金融业 + FDI　；参考：《海南大学》2017年硕士论文

【摘要】：随着我国金融业对外开放进程的不断深化,外资银行开始在我国发展起来,其资产规模扩大,对我国金融行业的发展产生了深远的影响。然而,一方面,我国对外开放水平相对于发达国家还是有一定差距,外资银行在我国的市场份额较小;另一方面,外资银行的资产总额所占银行资产份额近几年呈现下降趋势。鉴于此,在开放格局下,研究金融业FDI流入的影响因素,从而更好地促进金融业FDI的流入具有十分重要的意义。通过梳理现有有关金融业FDI影响因素的文献发现,FDI进入东道国金融部门的动因主要包括:追求利润、获取竞争优势、规模经济和提高经营管理效率、市场跟随以及非经济因素等。深入分析我国金融部门吸收FDI的历史进程所呈现的态势可以看出,金融业吸收FDI不仅受到国际金融环境的影响,还受到国内金融体制改革进程、以及国家政策走向等因素的影响,是多种因素共同发挥作用的结果。基于现有研究结论和对金融业FDI现状分析,本研究构建了一个包括市场潜力、劳动力成本、贸易开放度、金融发展程度、国际收支状况、人力资本、以及东道国基础设施在内的研究框架,使用1993年-2015年的时间序列数据,运用OLS回归分析方法,考察了银行业全面开放格局下金融业FDI的影响因素。研究发现,市场潜力、劳动力成本、贸易开放度、金融发展程度以及人力资本是影响金融业FDI的关键因素,与此同时,银行业全面开放对金融业FDI流入起加速作用,改善了其他因素对于金融业FDI的影响。尽管这些因素在模型中对于金融业FDI流入有显著效应,市场增长潜力、劳动力成本和人力资本等因素对金融业FDI的影响方向与预期相反。研究结果表明,跨国金融机构来华投资最主要的目标仍然是获取竞争优势为主,而非成本导向利用东道国廉价的劳动力或东道国先进的技术和管理经验。这从侧面反映出我国金融行业目前所拥有的技术和管理经验等还不先进,与跨国金融机构相比还存在一定差距。基于研究结论,本研究提出,通过积极推进我国金融体制改革,加快金融业全面开放格局,将有助于加速我国金融部门吸收FDI。此外,国内金融行业亟需加快金融产品和服务的研发,提升国内的技术水平,学习先进的经营管理经验,以便能有机会参与到与跨国金融机构的竞争。
[Abstract]:With the deepening of China's financial industry opening to the outside world, foreign banks have begun to develop in our country. The expansion of their assets has a far-reaching impact on the development of our financial industry. On the one hand, China's opening level has a certain gap relative to the developed countries, and the market share of foreign banks is smaller in our country. On the other hand, the total assets of foreign banks account for a downward trend in the bank's share of assets in recent years. In the light of this, in the open pattern, it is of great significance to study the influence factors of the FDI inflow in the financial industry so as to better promote the inflow of FDI in the financial industry. By combing the literature discovery of the factors affecting the FDI of the financial industry, FDI The main reasons for the financial sector of the host country include: pursuing profit, gaining competitive advantage, economies of scale, improving management efficiency, market following and non economic factors. It can be seen that the financial sector absorbs FDI not only in the international financial environment, but also in the analysis of the historical process of absorbing FDI in China's financial sector. The impact of the domestic financial system reform and the trend of national policy is the result of a variety of factors. Based on the existing research conclusions and the analysis of the current situation of the financial industry FDI, this study builds a market potential, labor costs, trade openness, financial development, and balance of payments, The research framework, including human capital and the host country infrastructure, uses the time series data of 1993 -2015 and the OLS regression analysis to examine the factors affecting the financial industry FDI under the overall opening of the banking industry. The research finds that market potential, labor cost, trade openness, financial development and human capital are the results. The key factors affecting the financial industry FDI, at the same time, the overall opening of the banking industry has accelerated the FDI inflow of the financial industry and improved the impact of other factors on the financial industry FDI. Although these factors have significant effects on the financial industry FDI inflow, the market growth potential, labor cost and human capital are the FDI of financial industry FDI The research results show that the main goal of the multinational financial institutions to invest in China is still to obtain competitive advantage, but not the cost oriented use of the host country's cheap labor force or the advanced technology and management experience of the host country. This reflects the technology and management of our financial industry at the present side. Compared with the multinational financial institutions, there is still a gap between the experience and so on. Based on the research conclusions, this study suggests that by actively promoting the reform of China's financial system and accelerating the overall opening of the financial sector, it will help to accelerate the absorption of FDI. in our financial sector, and the domestic financial industry urgently needs to accelerate the research and development of financial products and services. We should upgrade our domestic technology level and learn advanced management experience so that we can have the opportunity to compete with multinational financial institutions.
【学位授予单位】：海南大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.6

【参考文献】