外资银行进入与中国银行业绩效、市场集中度的变化

我国入世过渡期已经结束,银行业已全面对外开放.外资银行进入将对我国银行业绩效和产业组织结构带来重要影响.本文基于我国14家银行1996～2005年的面板数据,就外资银行进入对我国银行的短期影响进行研究.实证结果表明,国内银行对外资银行营业性机构数量增加反应不敏感,经营成本和盈利同外资银行市场份额的增加正相关,我国银行业市场符合结构-行为-绩效范式.本文就我国银行业应对外资银行冲击的方略提出建议,即通过与外资银行股权合作弥补我国银行业不足,通过金融控股公司模式实现综合经营以提高我国银行业国际竞争力,积极学习、借鉴外资银行新的金融产品和管理经验.     

外资银行进入对中资银行经营绩效影响的实证分析

本文基于我国银行业具有代表性的14家银行1996-2007年的面板数据，就外资银行进入对中资银行经营绩效的影响进行了定量实证研究。实证结果表明：外资银行入股对中资银行经营绩效的影响还不明显；外资银行的资产份额对我国银行的绩效影响显著。     

外资银行对中资银行经营绩效影响的实证分析

本文基于我国银行业具有代表性的14家银行1996-2007年的面板数据,就外资银行进入对中资银行经营绩效的影响进行了定量实证研究。实证结果表明:外资银行入股对中资银行经营绩效的影响还不明显;外资银行的资产份额对我国银行的绩效影响显著。     

外资银行进入影响中资银行经营绩效的实证分析

本文基于我国银行业具有代表性的14家银行1996-2007年的面板数据,就外资银行进入对中资银行经营绩效的影响进行了定量实证研究.实证结果表明:外资银行入股对中资银行经营绩效的影响还不明显;外资银行的资产份额对我国银行的绩效影响显著.     

外资银行进入影响中资银行经营绩效的实证分析

本文基于我国银行业具有代表性的14家银行1996～2007年的面板数据,就外资银行进入对中资银行经营绩效的影响进行实证研究。实证结果表明:外资银行入股对中资银行经营绩效的影响还不明显;外资银行的资产份额对我国银行的绩效影响显著。     

外资银行进入对我国银行业效率影响的实证研究

本文选取我国银行业市场上占主要地位的14家银行1998~2007年的面板数据,就外资银行进入对我国银行业效率的影响进行了实证研究。结果表明:外资银行的进入使得我国银行的经营费用、净资产收益率和资产净利率降低,但由于技术外溢效应的作用,外资银行的进入使得我国银行的非利息收入得到一定提高。本文还根据实证分析结果,提出了相应的政策建议。     

外资银行进入对我国银行业效率影响的实证研究

外资银行进入我国,一方面会带来先进的技术、管理理念和金融创新方法等示范效应;另一方面,外资银行又会依靠其在管理与经营、资产质量、产品创新和人力资源等方面的优势给我国银行业带来严峻的挑战.运用我国13家商业银行1996～2007年的面板数据,实证检验外资银行进入对我国银行业效率的实际影响效果,结果表明外资银行的进入对我国银行效率起到了促进作用.     

银行业面对“入世”的挑战与应对策略

加入世界贸易组织将会使我国的经济金融环境发生重大变化，金融运行受来自国际金融领域的影响越来越大，为银行业的发展带来机关报的机遇，一是有利于吸引外资，改善金融投资环境，对外资银行外汇业务和人民币业务限制取消，外资银行的外汇贷款需求将会大大增加，外资银行带着大量资本进入中国市场后，国内利用外资的交易成本和费用与在国际金融市场上筹资相比大大降低，外资银行的进入，不仅可以为外商提供良好的服务，改善外资投资的金融环境，而且还会将跨国银行与其有合作关系的客户吸引到中国投资，进一步吸引外资。二是有利于推动银行改革进程，提高整体素质和竞争能力，外资银行在国内业务范围和客户基础的逐渐扩大，金融市场上运用的新产品和新技术也将随之增加，中资银行将被迫与外资银行展开全方位的竞争，主就等于迫使中资银行加速商业化进程，改善银行产权结构和治理结构，转换经营机制，建立审慎会计制度，整体素质和竞争能力的增强，企业和广大百姓享受的金融服务质量也会得到提高，三是有利于引入管理机制，推动银行业国际化，加入WTO后，我国银行业将逐步融入国际金融体系之中，必须遵循国际银行业经营管理的一般原则，坚持以《巴塞尔协议》为准绳 的国际银行业监管原则、标准和方法，同时，外资银行也会带来全新的金融服务理念=管理方法和经营机制等等，这些都将促进我国银行业全面加强内部管理，完善内部控制制度，改进信息披露制度，推进监管的规范化、全程化，保证监管的持续性和有效性。     

我国银行业市场结构与市场绩效的实证研究

本文运用非参数的数据包络分析法计算我国银行业的X-效率和规模效率，在此基础上对市场结构与市场绩效间的关系进行了实证研究，结果表明在我国银行业市场中“结构-行为-绩效”假说和“有效结构”假说均不成立；作者还进一步从动态的角度，考察了我国银行业市场结构的变化对整体经营绩效的影响．发现“银行内效应”决定了我国银行业绩效变化的方向；但包括市场份额效应、交叉效应和进入效应在内的再配置效应也很重要，特别是行业绩效下降的时期，正的“再配置效应”改善了我国银行业经营的整体业绩．遏制了整体业绩的进一步下降。     

银行业开放与金融安全的关系研究

银行业的开放程度对国家金融安全及社会发展的影响极大,外资银行的渗透在给我国银行发展带来机遇的同时,也给我国的金融安全带来了威胁。银行业的对外开放在降低银行不良资产、优化资本结构的基础上,带来了经济的健康发展,并且减少了诱发金融危机的因素。本文通过外资银行在华扩张等方面分析了银行业开放对我国金融安全的影响,从而提出一些应对措施,以此促进我国金融安全。     

Industrial Organization of Financial Systems and Strategic Use of Relationship Banking

Using standard Industrial Organization tools, we analyze the relation between competition in arm's length financial markets and the prevalence of close bank-firms ties. We show how the degree of competition between financial intermediaries affects the intensity of relationships between banks and client firms, and explore the idea that investment in bank-firm relationships can be used strategically by incumbent multi-product (universal) banks to limit competition in arm's length markets. The analysis implies that reforms designed to facilitate entry of new intermediaries may actually induce incumbent banks to increase investment in relationship banking, so that regulatory entry barriers are replaced by entry barriers created endogenously, namely, there is ``path dependence' in the market structure of financial systems. This result suggests that increased (potential) competition in the financial services industry will not always destroy bank-firm relationships but, on the contrary, may actually strengthen them.     

Relationship and Transaction Lending: New Evidence and Perspectives

In this article, I try to answer three questions: (1) How do relationship lending and transaction lending vary over the cycle? (2) How do economic systems that are more “bank oriented” perform compared to “market-oriented” systems? (3) What are the consequences on relationship banking of the recent structural bank regulation reforms adopted to separate specific investment and commercial banking activities? Building on some recent evidence, the main conclusions are as follows: (1) Relationship banks protect their clients in normal downturns; (2) when recessions coincide with a financial crisis, countries that rely relatively more on bank financing tend to be more severely hit; (3) the effects of structural bank regulation initiatives on relationship banking are uncertain.     

Commercial Banks in the Securities Business: A Review

This paper analyses the potential effects of commercial banks' expansion into the securities business in the context of the contemporary theory of financial intermediation. The analysis focuses on the gains claimed to emerge with that expansion, particularly the gains due to information advantages and economies of scope, and on the costs also claimed to arise with it; namely, those due to conflicts of interest and safety and soundness considerations. The paper ends with a discussion on how these effects depend on the location of the securities unit within the banking conglomerate.     

Relationship Banking and the Pricing of Financial Services

We investigate pricing effects of the joint production of loans and security underwritings. We control for firm and borrower characteristics, including differences in sequencing, which are important for pricing. Contrary to previous studies, when banks combine lending and underwriting within the same customer relationship they charge premiums for both loans and underwriting services. Abstracting from effects of joint production within relationships, depository banks engaged in underwriting price lending and underwriting more cheaply than stand alone investment banks. One advantage borrowers enjoy from bundling products within a banking relationship is a form of liquidity risk insurance, which is manifested in a reduced demand for lines of credit. We also find evidence of a “road show” effect; firms enjoy loan pricing discounts on loans that are negotiated at times close to the debt underwritings, whether or not the same bank provides both services. Relationship effects are only visible when lending and underwriting both occur, and are stronger for equity-loan relationships than for debt-loan relationships. Electronic supplementary material  The online version of this article (doi:) contains supplementary material, which is available to authorized users.

State owned banking: gaining policy support and investor interest

State owned banking has staged a major comeback. Finding a place among the top 25 banks in the world in terms of market cap and assets apart, state owned banks have emerged as hot stocks for domestic and international investors. In the aftermath of the global financial crisis, privatization of the financial sector, which has been the major policy thrust evident in numerous countries, took a backseat with governments taking over banking institutions and providing various forms of support ranging from capital injections to outright nationalization of the global banks adversely affected by the crisis. The current crisis also may encourage governments to keep their stakeholding in the public banks in view of the need to support the vital sectors of the economy and also pursue financial inclusion that emerged as a major policy priority. This article presents a brief perspective on the comeback of the state owned banking, and also its own transformation that led to its growing acceptance and endorsements from policymakers investors and customers.     

建立商业银行系统空间意志模型研究银行竞争力

本文从系统的角度研究商业银行系统及其竞争力,建立了“商业银行系统空间意志模型”,并利用这一理论模型描述国内理想的和现实的商业银行系统空间状态,解释目前中国商业银行系统中的一些经济现象。主要结论是:商业银行要想实现可持续发展必须关注商业银行系统内独立主体子系统意志的相对状态。     

国内和欧美手机银行业务发展的实践与创新

结合手机银行发展的新趋势,本文选取了美国银行等3家欧美银行和工商银行等4家国内银行为研究样本,围绕服务模式、产品功能、安全性和业务发展等纬度进行对比分析.跟欧美同业相比,国内手机银行针对智能手机的特色服务体系尚待进一步完善,但产品功能更丰富,安全防范层级更高,即将进入快速成长期.因此,国内手机银行应充分把握发展机遇,大...     

感知风险和感知利益与消费者对网银业务的使用

对于不同类型的网上银行业务,感知利益和感知风险对消费者使用意愿的影响不同.对于网上银行基本业务类型,感知风险中的时间风险对消费者使用意愿有大的影响,感知利益的影响也大;反之,对高级业务类型,感知风险中的社会风险对消费者使用意愿有大的影响,但感知利益的影响却小.基本风险包括网上银行服务器存在的风险和财务风险,对于未涉及金...     

市场化进程中的我国银行业绩效分析

本文首先回顾了有关市场结构与银行绩效之间关系的理论文献和实践经验,并总结出四种判断标准.其次分析了我国银行业市场化进程以及对银行绩效的影响,并实证分析了市场结构、存款规模、市场容量以及外部经济环境对银行绩效的影响.最后得出结论并提出有关建议.