人力资源柔性研究现状及其在中国商业银行实践新思考

通过理论基础、维度与测量、影响因素、组织绩效影响等4个方面对人力资源柔性研究现状做文献研究述评,并基于此提出研究与实践新方向,提出本土国情下中国商业银行人力资源柔性、创新能力以及创新实践的测量体系,探讨人力资源柔性与创新能力以及创新实践之间的影响关系,充分考虑外部环境对上述关系的影响,提出中国商业银行业务创新实践的概念模型。该模型有助于拓展人力资源柔性理论的实证研究,并基于研究成果深入剖析适合中国商业银行发展的人力资源柔性管理模式。     

Fire sales by euro area banks and funds: What is their asset price impact?

The assets under management of investment funds have soared in recent years, triggering a debate on their possible implications for financial stability. We contribute to this debate assessing the asset price impact of fire sales in a novel partial equilibrium model of euro area funds and banks calibrated over the period between 2008 and 2017. An initial shock to yields causes funds to sell assets to address investor redemptions, while both banks and funds sell assets to keep their leverage constant. These fire sales generate second-round price effects. We find that the potential losses due to the price impact of fire sales have decreased over time for the system. The contribution of funds to this impact is lower than that of banks. However, funds’ relative contribution has risen due to their increased assets under management and banks’ lower leverage and rebalancing towards loans. Should this trend continue, funds will become an increasingly important source of systemic risk.     

How have US banks adopted the Financial Accounting Standards Board's Level 3 fair value disclosure rules?

We examine how banks have complied with the Financial Accounting Standards Board's disclosure rules on Level 3 recurring fair value measurements. We document widespread noncompliance with the basic disclosure requirements. We also find that the noncompliant banks are smaller in size and are associated with lower audit quality, lower institutional ownership and less effective internal controls. Our results should be of use to regulators, auditors and audit committees in the United States, Australia and other countries for assessing the likelihood of noncompliance with fair value disclosure rules and improving the quality of fair value disclosures provided to investors.     

Bank distress prediction: Empirical evidence from the Gulf Cooperation Council countries

In this paper we apply a simple hazard model to develop an early warning system of bank distress in the Gulf Cooperation Council countries. Specifically, we identify a set of leading indicators of bank distress that are used subsequently to predict the probability of bank failure in these countries. The investigation covers a wide set of bank level variables and other variables including the influence of bank management, competition, diversification, ownership and regulation. Similar to the previous empirical evidence, we found that good management lowers the likelihood of distress. Moreover, competition and diversification were found to be bad for the health of banks. This result is consistent with some empirical evidence on diversification; however, it contradicts the bulk of literature on competition, which suggests a negative influence on the probability of distress. The ownership structure and the capital requirement index were uninformative. Similar to the previous literature, the institutional development index was statistically relevant predictor. The bank specific and other CAMEL type variables as well as the systematic shocks in the financial and macroeconomic environment were all found to be in line with the findings of related empirical studies. Finally, we find that by conditioning on the relevant covariates, a simple hazard model has performed fairly well in predicting bank distress in the GCC countries.     

对我国商业银行中间业务的定价机制与风险管理的思考

商业银行中间业务经营成本主要有：人力费用成本、物力消耗成本、风险产品承受成本。定价机理应采用经营成本收费制度，建立全成本核算体系。遵循合理、公平、诚信和质价相符的中间业务定价原则，积极加强与客户的沟通与告知；遵循中间业务定价流程，进行客户层次细分和市场定位；运用SWOT分析法，谋求竞争定价与实行差别定价，积极加强与同业的合作，防止恶性竞争；坚持服务性能创新，提高服务附加值含金量；适时对银行员工进行培训，积极让员工参与定价决策；适应开放型定价的趋势和要求，酌情考虑产品的关系定价。与此同时应强化担保承诺类表外业务的信用风险管理，交易类中间业务的市场风险管理，服务类中间业务的操作风险管理，而表外业务的信用风险和市场风险管理是风险管理重点。此外，商业银行开展中间业务还应防范政策风险和法律风险。     

Transaction services and SME internationalization: The effect of home and host country bank relationships on international investment and growth

Building on the argument put forward by North and Wallis (1994) that the transaction sector enables economic growth by lowering the costs of transacting, we investigate how internationalizing firms’ host and home country bank relationships affect their international specific investments and growth. Banks provide payment, liquidity, and risk management services, which are essential to international business relationships, yet little is known about how banks affect international business relationships. In a sample of 255 small and medium-sized enterprises (SMEs), we find that host and home country bank relationships affect the dependent variables differently. We contribute to the literature by explicating the role and effects of banks in international business relationships. Our findings have implications for understanding transaction services in international business as well as the choices made by their customers.     

中国银行业创值能力分析--EVA体系对银行经营绩效的考察

中国经济要保持高速、稳定增长,需要进一步提高经济效率,实现质量型增长.其中,关键是资金效率.中国资金运用效率的高低很大程度上取决于占社会资金78%以上的银行业的资金效率.为此,本文应用EVA分析体系来综合系统地分析中国银行业的绩效.分析结果显示,上市银行虽然好于非上市银行,但由于国有商业银行的比重较大,银行业整体创值能力明显较弱.建议以提高国有商业银行资金运用效率为当下改进社会资金运用效率的切入口.     

当前国有银行改革的政策风险与政策启示--兼论外汇储备注资的货币扩张效应

当前以外汇储备注资开始的国有银行改革试点蕴含着很高的政策风险.在微观层面,政府所有(或控制)的股权结构能否衍生出健康良好的银行公司治理机制,能否真正划清政府与银行之间的界限,本身存在疑问;在宏观层面,货币化的操作方式会加剧甚至诱发宏观不稳定.国有银行的风险归根结底是一种系统性的制度风险,是一种道德风险,最终要通过全面的体制转轨和健康、持续的经济增长来消化.     

论国有商业银行的双重功能与不良资产的双重成因

国有商业银行所形成的巨额不良资产，需要从其事实上履行的双重功能入手进行解析：国有商业银行在履行基本功能时，由于行业性风险产生的不良资产具有普遍性和内生性；但其在履行公共性功能时。由于承担的政策性风险和支付的履职成本无法分摊导致的超额不良资产，具有特殊性和外生性。因此。降低国有商业银行的不良资产，既要控制行业性风险，更要建立对其履行特殊功能所支付成本的合理分摊机制，并随着市场机制作用的增强从体制上逐步淡化其特殊功能，从根本上解决由外生性原因造成的超额不良资产。     

国有商业银行上市对银行业效率水平的影响——基于Malmquist生产率指数的实证分析

文章基于我国15家各类性质银行在1996-2010年经营效率数据基础上,利用数据包络分析法(DEA),对我国银行1996-2010年经营效率进行总体评价与分析,报告了我国银行业务经营效率水平。通过应用Malmquist生产率指数对银行业务经营效率变动得进行了调查和测量,结果反映了银行上市后银行业效率提高幅度明显,尤其是国有银行进步最快,但我国商业银行普遍存在规模报酬递减的状况,需要进一步提高规模报酬。从动态上看,我国银行业1996-2003年全要素生产率总体上出现小幅的下降,但2004年以后,随着国有银行逐步上市,我国银行业全要素生产率得到了稳步的提升。笔者认为我国银行需不断拓展表外业务、提高日常管理水平、吸收更多高学历人才和增加新兴技术的自主创新。