国有股权重、政策性负担与绩效——国有银行战略引资方案探析

本文结合当前国有银行战略引资的改革背景,构建银行业混合寡占、国有银行混合持股的古诺竞争均衡模型,研究认为战略引资后的均衡股权结构与国有银行所承担的政策性负担及私有银行数量密切相关;国有银行政策性负担与私有银行的经营绩效正相关,但从整体来看则损害了社会总福利.另外,政策性负担不影响市场可容纳的最大银行数量,但会影响达到这一数量时国有银行的股权结构.

State-Holding Share, Policy Burden and Performance: a Study on the Program of Strategic Investor Importing for State-Owned Banks

We present a mixed oligopoly model for private banks and a public bank with mixed ownership and policy burden to research the program of strategic investor importing for state-owned banks.We find that close relationships exist among the equilibrium equity structure following strategic investor importing,the policy burden of state-owned banks and the number of private banks;that the policy burden of state-owned banks has positive relationships with the performance of private banks,with overall negative effect on social welfare;that the policy burden would not affect the maximum market capacity number of private banks but would affect the equity structure of state-owned banks with such a number.