金融混业、资本结构与技术效率变动

发布时间：2018-06-04 00:52

本文选题：金融混业 + 资本结构　；参考：《河北经贸大学学报》2017年02期

【摘要】：基于我国46家金融类上市公司2008-2014年的面板数据样本,利用基于DEA的Malmquist指数分析金融机构的技术效率变动,并通过回归分析考察金融混业和资本结构及其变动对技术效率变动的影响。研究发现,金融混业会对金融机构的技术效率改善产生显著的抑制作用,资本结构及其变动会对上述作用产生显著的影响。上述发现意味着,金融混业决策很可能是基于比较长远的战略考量作出的,金融机构有可能通过资本结构的主动调整促进其技术效率改善,并且弱化混业经营对技术效率改善的抑制作用。
[Abstract]:Based on the panel data samples of 46 listed financial companies in China from 2008 to 2014, this paper analyzes the technical efficiency changes of financial institutions by using the Malmquist index based on DEA. The effects of financial mix, capital structure and their changes on technical efficiency are investigated by regression analysis. It is found that the financial mixing industry can significantly inhibit the technical efficiency improvement of financial institutions, and the capital structure and its changes will have a significant impact on the above effects. The findings suggest that financial mix decisions are likely to be based on longer-term strategic considerations, and that financial institutions are likely to promote technological efficiency improvements through proactive capital restructuring. And weaken the effect of mixed operation on technical efficiency improvement.
【作者单位】：首都经济贸易大学金融学院;北京信息科技大学经济管理学院;中国社会科学院马克思主义研究院;太平洋证券风险管理部;
【基金】：北京信息科技大学优秀人才项目(2011D005007000004)
【分类号】：F832.51

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