城商行股权集中度与银行绩效关系研究——基于上市城市商业银行数据的实证分析

城市商业银行的股权集中度与银行绩效有着密切的联系。本文通过选取A股上市的三家城商行数据,就其股权集中度与银行绩效之间的关系做了实证分析。结果发现,城市商业银行的股权集中度与银行绩效之间存在着＂U＂型关系,第一大股东的持股比例、前五大股东的持股比例与银行绩效负相关,前十大股东的持股比例与银行绩效正相关;城市商业银行的控制层级对银行绩效有正向影响,资产负债率对银行绩效有负向影响;城市商业银行第一大股东的身份和城商行规模与其绩效并无显著关系。     

股权结构、信贷行为与银行绩效——基于我国城市商业银行数据的实证研究

本文基于2004～2009年城市商业银行数据,分析了我国城市商业银行的公司治理结构对其信贷行为、不良贷款和银行业绩的综合影响。本文研究发现股权结构是影响我国城市商业银行信贷行为和经营业绩的重要因素。第一大股东的控股能力越强,银行的不良贷款率越高,贷款集中度越高,经营绩效也越差;银行的大股东同样存在的"掏空"动机,第一大股东股权性质为地方政府的银行不良贷款率更高。而银行中的独立董事对银行大股东的"掏空"行为有着显著的抑制作用。我们还发现,股权结构会通过影响城市商业银行的贷款集中度和贷款流向影响银行经营业绩,从而揭示了股权结构影响银行绩效的作用途径和机制。本文的研究为银行公司治理与银行绩效之间关系提供了新的证据,同时对于加强我国城市商业银行的贷款风险控制、防范金融风险和加强金融安全也具有重要的现实意义。     

股权结构对商业银行风险承担的影响——基于59家上市商业银行的分析

文章基于2014—2021年中国59家上市商业银行的非平衡面板数据,运用双向固定效应模型探究了股权结构对商业银行风险承担的影响。研究发现：股权集中度与银行风险承担之间存在正“U”型关系,第一大股东为境外法人能显著降低银行风险承担,当第一大股东为境外法人时,股权集中度对银行风险承担的影响效果会下降。异质性分析表明,股权集中度与股份制商业银行和农村商业银行风险承担呈显著负相关,与城市商业银行风险承担呈正“U”型关系;股权制衡度与国有大型商业银行风险承担呈显著负相关,与城市商业银行风险承担呈显著正相关;第一大股东为国有法人的城市商业银行风险承担水平更高,第一大股东为境外法人的城市商业银行风险承担水平更低。因此,金融监管部门应对不同类型的商业银行实施差异化监管,商业银行须进一步优化股权结构,合理把握股权集中度、股权制衡度和外资持股比例,有效降低银行风险承担。     

战略投资者、公司治理与银行绩效——对中国城市商业银行的实证研究

基于中国8家城市商业银行的数据,采用截面数据和序列数据相结合的方法,对战略投资者参与中国城市商业银行治理的理论机理及其影响城市商业银行绩效的途径进行的分析表明:境外战略投资者可以促进城市商业银行改善公司治理,从而提升中国城市商业银行的绩效;国有股权比例与银行盈利性、第一大股东持股比例与银行资本充足率、董事会规模与银行盈利性均成负相关关系;股权集中度对银行盈利性和安全性均成正相关关系;管理层介入董事会比例对银行的盈利性和安全性的影响都不显著;独立董事比例对银行的盈利性有很强的正面影响。     

地方银行稳定发展：国有控股还是股权制衡——基于城商行的实证研究

国有控制和民营化对我国地方银行稳定发展的影响一直面临着较大争议。本文基于我国128家城商行的数据研究发现,国有资本控股能够降低城商行信贷风险,而混合所有制改革程度目前对国有大股东控制的城商行信贷风险影响不大;股权制衡程度与城商行信贷风险显著负相关,特别是相较于国有控股城商行,其对缓解民营控股城商行的信贷风险更为重要,且股权制衡程度与民营控股城商行不良贷款率之间存在先抑制后提升的“U”型关系。这意味着,为了使城商行这类地方银行稳定发展,国有控股机制与股权制衡机制二者至少择其一。     

我国上市银行公司治理与内部控制关系的实证研究

商业银行良好的公司治理对于我国金融系统的稳定具有十分重大的作用。本文选取2010-2012年我国16家上市银行的数据对银行公司治理机制与内部控制的关系进行了实证研究。结果发现,内部控制绩效与独立董事比例、董事会专门委员会数量和第二到第五大股东的持股比例之间呈负相关,并且都是显著的。而董事会规模、监事会规模、外部监事比例和第一大股东的持股比例并没有对银行内部控制产生显著影响。此外,大股东的国有性质有利于银行的风险控制。     

非利息收入对我国城商行经营绩效的影响研究

基于我国25家城市商业银行2010-2019年的数据建立面板数据回归模型,对我国城商行非利息收入及其内部结构与经营绩效之间的关系进行实证研究.研究结果显示:第一,中间业务为城商行提供了稳定收入来源,而投资收益增大了收入波动性,总体上非利息收入会提高银行的经营绩效;第二,非利息收入的多元化会降低银行绩效,其带来的收益波动...     

多元化经营与我国商业银行绩效关系研究——基于银行规模和银行性质的视角

以我国24家商业银行2008—2016年面板数据为研究对象,基于银行规模和银行性质的视角,实证分析了银行规模对多元化经营与不同性质商业银行绩效关系的调节效应。研究表明:多元化经营对商业银行绩效具有显著促进作用;银行规模对多元化经营与银行绩效具有显著正向调节作用。银行性质是影响银行规模调节作用的重要因素,银行规模对国有商业银行、城市商业银行多元化经营与绩效关系分别发挥着正向、负向调节作用,对全国性股份制商业银行多元化经营绩效关系的调节作用不显著。进一步研究发现,反映资本实力和经营风险的控制变量对调节作用的影响存在差别。研究结论可为银行业的经营管理及金融体制改革提供决策参考。     

金融服务实体经济的效率及影响因素研究 ——基于商业银行资产负债的实证分析

本文首先深入分析了商业银行的资产负债管理行为,构建商业银行追求利润的资产负债管理模型,从理论上分析出商业银行将资产配置到实体经济领域的影响因素。在此基础上,从金融监管的角度出发,将商业银行的资产负债项目进一步分类为杠杆类、通道类,利用25家商业银行2009到2018年的面板数据,实证分析针对商业银行的杠杆类、通道类资产负债的监管,对金融支持实体经济力度、价格的影响效果。结果显示：银行支持实体经济力度方面,银行的杠杆率对银行支持实体经济力度有显著正向效果,但是资金通道长度对银行支持实体经济力度的影响并不显著;银行支持实体经济的资金价格方面,杠杆率对银行资金价格的影响并不显著,但是通道长度则会显著增加资金成本;商业银行的国有、股份制、城商行性质对银行支持实体经济力度的影响也不显著,但是同等条件下,商业银行的国有性质会显著降低资金价格水平。     

中国商业银行治理机制有效性的实证分析

本文利用全国52家商业银行2007年和2008年的年报作为数据来源,对我国商业银行的公司治理机制及其有效性进行了实证分析.研究发现,集中型股权结构显著地降低了银行绩效ROA、ROE,增加了银行的风险,但对EVA没有显著影响.职工监事数量的增加明显提高银行绩效,降低风险,提高了银行效率.大股东的国有性质对ROA和ROE产生了正向影响,但董事会规模有负向影响,独立董事制度对银行绩效没有显著影响,但显著地降低了银行的风险.     

我国商业银行净利润与资本结构关系的实证研究

本文采用多元回归方法,分析我国商业银行净利润与资本结构的关系,选取2007年以来我国4家国有商业银行和7家股份制商业银行的半年度数据为样本,实证研究我国商业银行资本结构对经营绩效的影响。研究结果表明,净利润与资产规模、前五大股东持股比例有显著的正相关,同时与资本充足率、第一大股东持股比例有显著的负相关,商业银行的资本结构对其净利润有显著的影响。     

绿色信贷发展对商业银行财务绩效影响的实证研究

基于2007—2020年商业银行财务数据,构建多期DID模型,从规模效应、风险结构效应、成本收入效应分析绿色信贷对商业银行财务绩效的影响路径,并检验绿色信贷对银行财务绩效的异质性影响。实证结果表明：绿色信贷对商业银行财务绩效存在直接负向影响与间接正向影响,且综合影响具有异质性,对国有银行以及城市商业银行具有负的政策效应,对股份制商业银行不具备显著的政策效应;绿色信贷业务对银行企业价值的影响机制中规模效应、成本收入效应为主要影响路径。     

Bank ownership,privatization, and performance: Evidence from a transition country

This paper combines the static effect of ownership and the dynamic effect of privatization on bank performance in China over 1995–2010, reporting a significantly higher performance by private intermediaries – joint stock commercial banks and city commercial banks – relative to state-owned commercial banks. However, publicly traded banks, subject to multiple monitoring and vetting in capital markets, perform better regardless of ownership status. The privatization of banks has improved performance with respect to revenue inflow and efficiency gains in the short- or long-run (initial public offerings). The positive long-run effect is more relevant and significant for banking institutions with minority foreign ownership. Moreover, this paper innovatively estimates interest income efficiency and non-interest income efficiency at the same time. The results suggest that Chinese banks are much more efficient in generating interest income than raising non-interest revenue, although the latter aspect has improved significantly during the sample period.     

Impact of internet finance on the performance of commercial banks in China

The rapid development of Internet finance has certainly affected the operation of commercial banks. This paper investigates the impact of Internet finance on commercial banks. First, a theoretical influence mechanism of Internet finance on commercial banks is explored, and the Internet finance index and integrated performance index of commercial banks are constructed using factor analysis. Then, a static panel and a dynamic panel model are established to empirically examine the impact of Internet finance on the profitability, security, liquidity and growth as well as the comprehensive business performance of commercial banks. Finally, the heterogenous impacts of Internet finance on city commercial banks, joint-stock banks and state-owned commercial banks are discussed. The results show that the development of Internet finance has a positive impact on the profitability, security and growth of commercial banks, and has a negative impact on the liquidity of commercial banks. In addition, Internet finance has promoted the improvement of the comprehensive business performance of commercial banks. Moreover, the impact of Internet finance on different types of commercial banks is heterogeneous with the impact on state-owned commercial banks being the weakest and the impact on city commercial banks is the most significant.     

Bank discrimination, holding bank ownership, and economic consequences: Evidence from China

This paper finds that compared with Chinese state-owned firms, non-state-owned firms have a greater propensity to hold significant ownership in commercial banks. These results are consistent with the notion that because non-state-owned firms are more likely to suffer bank discrimination for political reasons, they tend to address their financing disadvantages by building economic bonds with banks. We also find that among non-state-owned firms, those that hold significant bank ownership have lower interest expenses, and are less likely to increase cash holdings but more likely to obtain short-term loans when the government monetary policy is tight. These results suggest that the firms building economic bonds with banks can enjoy benefits such as lower financial expenses and better lending terms during difficult times. Finally, we find that non-state-owned firms with significant bank ownership have better operating performance. Overall, we find that firms can reduce discrimination through holding bank ownership.     

地方政府财政压力与银行信贷资源配置效率--基于我国城市商业银行的研究证据北大核心

基于2005-2015年我国城市商业银行的样本,本文研究省级地方政府财政压力是否对商业银行信贷资金投向和信贷资源配置效率产生影响。研究发现,地方政府财政压力是影响城市商业银行信贷资源配置的重要因素。具体而言,省级地方政府的财政压力越大,省内城市商业银行投向地方国有经济部门的贷款比率越高。然而,信贷资源更多投向地方国有经济部门的银行有更高的不良贷款率和更差的会计业绩。进一步研究发现,在财政压力大的省份,城市商业银行投向地方国有经济部门的贷款比率越高,则贷款拨备率越低,这表明城市商业银行会通过盈余管理行为来应对监管压力。本文研究结论对商业银行监管以及防范化解金融风险有重要启示。     

Quality of information disclosure,property rights,and bank loans: A bank heterogeneity perspective

Using the context of the financial reform and the development of the non-state sector in China in the past decade, we examine the roles that the quality of information disclosure and property rights play in the allocation of different types of bank credit. We find that foreign banks and policy banks exercise “financial discrimination,” and that local commercial banks, large state-owned commercial banks, national joint-stock banks, local city commercial banks, and rural commercial banks not only exercise financial discrimination but also provide significant “financial support” to non-state-owned enterprises by providing more lending opportunities and larger loans. However, when enterprises commit information disclosure violations, the local commercial banks, national joint-stock banks, local city commercial banks, and rural commercial banks reverse their credit decisions and begin to exercise financial discrimination against non-state-owned enterprises. At the same time, large state-owned commercial banks continue to provide financial support to non-state-owned enterprises. We also find that the quality of the information disclosed by enterprises has a moderating effect rather than an intermediary effect on the relationship between property rights and bank loans. Overall, the results of this paper shine new light on the market-oriented reform of the banking industry, and provide new empirical evidence for the presence of financial discrimination in the supply of bank credit. Our findings also have practical implications for solving the financing difficulties of non-state-owned enterprises.     

The economics of bank privatization

This paper surveys the empirical literature examining bank privatization. We begin by documenting the extent of, theoretical rationale for, and measured performance of state-owned banks around the world, and then assess why many governments have chosen to privatize their often very large state-owned banking sectors. The empirical evidence clearly shows that state-owned banks are less efficient than privately owned banks, and that state domination of banking imposes increasingly severe penalties on those countries with the largest state banking sectors. On the other hand, there is little in the empirical record to suggest that privatization alone transforms the efficiency of divested banks, especially when these are only partially privatized. Privatization generally improves performance, but by far less than is typically observed in studies of non-financial industries. An increasingly common outcome of large-scale bank privatization programs is foreign ownership of many nations’ banking sector, which evidence suggests is usually positive in an economic sense, but problematic politically.