我国上市银行效率测算及应用

发布时间：2018-01-10 20:17

本文关键词：我国上市银行效率测算及应用　出处：《北京工业大学》2014年硕士论文　论文类型：学位论文

【摘要】：目前在国内证券市场上银行类上市公司无论从每支股票的资产规模盈利能力影响市场的能力，还是从未来发展趋势来看，重要性都在与日俱增效率作为代表银行竞争力的一个综合性指标，比较全面地反映了银行股基本面中上市公司基本情况的重要内容，，可作为市场投资者考察银行股基本面的重要参考，如何评价银行效率成为了研究关注的重点证券市场上的股票价格反映了市场投资者对股票未来发展的预期，而预期的形成则是建立在对个股基本面的分析判断上既然效率是反映上市银行基本面的一个综合性相对量指标，而上市银行的股票价格反映了市场投资者对上市银行未来发展的预期，此二者存在怎样的联系也成为了研究关注的热点本文评述了近年来有关重点文献中银行效率测算时投入产出指标选择的共性问题，如指标的重复与遗漏对应股东权益的资本价格统计口径偏误等根据不同的效率测算目的，按照中介法的思想从银行的业务角度和收支角度建立相应的投入产出指标体系来测算效率，明确了每一项投入产出指标的选取理由以及各项指标对应数据在财务报表中的统计口径，对我国全部16家上市银行近6期数据的实证表明使用两套评价指标体系测算的效率结果大体上一致进一步采用面板数据模型通过回归的方法检验银行效率作为先行变量对股价的影响，发现作为先形变量的银行效率与股票价格之间存在显著的正相关关系，说明效率是影响银行股票价格的一个重要因素，可以通过测算银行的效率预测下一期股价的变动情况，据此对股票投资策略进行指导
[Abstract]:At present in the domestic stock market listed banks from each stock assets profitability the ability to influence the market, or from the future development trend, the importance of in efficiency grow with each passing day as a comprehensive indexes of bank competitiveness, more fully reflect the important content of the basic situation of the fundamentals of listed banks the company, as the market investors examine bank stocks fundamentals important reference, how to evaluate the efficiency of banks has become the focus of attention of the Securities Market Research on the stock price reflects the market expectations for the future development of the stock, and the expected formation is based on the fundamentals of the stock analysis since the efficiency of listed banks is reflected the fundamentals of a comprehensive comparative index, while the listed bank's stock price reflects the market investors of listed banks in the future What is the relationship between the two has become the focus of research.
This paper reviewed the calculation efficiency of banks focus on the common problems in the literature in recent years when the input and output index selection, repetition and omission as indicators of the corresponding equity capital price statistical errors according to the efficiency of different purposes, in accordance with the law thought from the bank intermediary business perspective and balance of input and output indicators the corresponding measuring efficiency, clear statistics in the financial statements of each input and output indicators and indicators of the corresponding reason of empirical data, China's total of 16 listed banks nearly 6 data show that the efficiency of the use of two sets of evaluation index system for the calculation of the results are generally consistent with the panel data model further through regression analysis of bank efficiency as the antecedent variables on the stock price, as between bank efficiency and the stock price of the first form. There is a significant positive correlation, which shows that efficiency is an important factor affecting bank stock prices. We can predict the next stock price change by measuring the efficiency of banks, and guide stock investment strategies accordingly.

【学位授予单位】：北京工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.3;F832.51;F224

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