基于EVA价值评估方法的我国上市商业银行价值最大化驱动因素研究

本文以我国上市商业银行作为研究对象,运用EVA价值评估方法,从多角度对影响商业银行价值最大化的驱动因素进行实证研究。实证结果表明,费用管理能力、资本实力、资产质量、客户资源以及境外战略投资者的引入,都是重要的价值驱动因素,其中不良贷款率、资本充足率、非利息收入占比等指标还会通过商誉的机制作用于银行价值。本文的研究为商业银行盈利模式转变、构建价值管理体系,尤其是实现其可持续发展提供了重要的参考价值。

Influence Factors of China Listed Commercial Banks' Value Maximization:an Empirical Study Based on EVA

This paper focuses on the value maximization of China listed commercial banks and studies the factors that affect this maximization process based on EVA method.Regression analysis of the empirical study indicates that cost management,safety of capital,quality of assets,customers and introduction to foreign strategy investors are key drivers of value maximization,while indexes,such as bad loan ratio,capital adequacy ratio and non-interest income,can also influence bank value through the goodwill mechanism es...