中国银行体系绩效变迁:基于生产率的视角

本文基于1996～2006年间中国银行业的相关数据,从生产率的视角研究商业化改革以来,中国银行体系效率的发展变化。本文检验了中国银行业的全要素生产率,研究表明:中国银行业全要素生产率增长缓慢(甚至出现负增长),银行业主要依靠要素投入、特别是资本投入来推动增长,表现出与中国宏观经济相类似的特征。     

中小企业融资与中小银行发展——由中国现实问题引发的理论与实证分析

长久以来困扰我国经济发展的一个突出问题是中小企业融资难、融资贵.本文首先梳理了中小企业融资的理论基础,即基于"软信息"的关系型贷款.在理论分析之后,我们继之以中小企业贷款实证分析的综述,将理论与实证进行了交叉印证.接下来,我们使用中国商业银行资产负债表微观数据,分析了中国中小银行服务中小企业的成功与不足之处.研究发现众...     

Why do commercial banks hold government bonds? The case of Japan

We investigate the determinants of the demand for Japanese government bonds (JGBs) by commercial banks in Japan. In particular, by estimating portfolio equations for JGB demand and bank loans, based on a panel data set from the late 1990s to the 2000s, we rigorously test the popular assertion that the long stagnation of the real economy caused a shift in the portfolios of commercial banks from bank lending to JGBs. We find that the popular assertion is not empirically supported. Rather, the portfolio shift from loans to JGBs has been caused by a fall in the ratio of the loan rate to unit lending costs, or the bank’s price–cost margin for lending.     

Bank Efficiency and Macro-economic Factors: The Case of Developing Countries

Abstract

This paper examines the effects of macro-economic factors on bank efficiency of commercial banks in Asia, Middle East/North Africa, and Africa. To achieve the objective, the stochastic frontier approach (SFA) was used to simultaneously estimate the parameters of the stochastic frontier and the inefficiency model. The results show that the effect of macro-economic factors on bank efficiency differs across region. Cost inefficiency of the commercial banks in the Asian region is negatively related to the real gross domestic product per capita, credit to the private sector, and market concentration but is positively related to trade openness. Banks cost inefficiency in the Middle East/North Africa is negatively related to trade openness but is positively related to market concentration suggesting that banking market in this region should be more open to competition.     

我国商业银行体系脆弱性形成因素及应对策略

美国次贷危机引发的全球金融危机迅速蔓延,并对世界经济体系和金融体系造成严重损害。我国商业银行体系脆弱性现况明显,本文从我国国有银行的现况进行分析,然后对其原因进行分析。介绍了因子分析的思想及方法,然后运用因子分析模型进行了数据分析。最后提出防范国有商业银行脆弱性的对策和建议。     

Does the Stock Market Compensate Banks for Diversifying into the Insurance Business?

This paper explores a wide range of corporate restructurings, all available deals from wire services, in the banking and insurance sectors that led to bancassurance ventures. An event study methodology is employed to calculate excess returns on and around the deals’ announcement date. Using both univariate and multivariate analysis the paper finds bank driven mergers, deal's size and regional categorization all triggering positive and significant market reactions. Unlike the univariate framework, multivariate analysis shows that geographic focus and language are not significant factors. The results also indicate that markets are indifferent with respect to bank withdrawals from the bank‐insurance operations. Finally, Canadian, U.S. and European bank‐insurance deals produce positive results, while Australasian bidders offer statistically insignificant equity returns.     

Is cloud computing the digital solution to the future of banking?

This study investigates the impact of banks’ strategic move to cloud computing on bank performance and risk-taking. Based on a novel index of banks’ exposure to cloud computing, we find that banks’ adoption of cloud computing is associated with lower cost efficiency, higher profit efficiency, and greater operational risk using data on Chinese banks over the period 2008–2019. We also find that cloud computing interacts with other newly emerging technologies, leading to synergy gains in cost efficiency and operational risk control but with a substitutive effect on profit efficiency from blockchain. The findings are of timely policy importance and practical relevance for regulators, policy-makers, and bank managers.     

我国民营企业贷款的距离影响因素分析

选取我国2011年沪深两市 A股的628家民营上市企业的贷款数据为样本进行实证分析发现：银行贷款量与银行到企业之间距离具有显著的负相关关系,说明银企距离是制约我国民营企业贷款的一个重要影响因素;地区金融发展与企业的银行贷款量之间具有显著的负相关的关系,说明了竞争关系对企业外地银行贷款的抑制作用不是表现在区域的银行网点的竞争,而是地区的金融发展。因此,应重视银企距离,加大地区金融发展。