外资参股下的中国商业银行效率研究

华中科技大学硕士学位论文外资参股下的中国商业银行效率研究姓名：霍士凯申请学位级别：硕士专业：企业管理指导教师：郑长军20080429IDEADEA20022006DEAIIAbstractTherearestillmanyproblemsexistingtoaffectingthecompetitivenessofChina’sCommercialBanks.Yettheseproblemscannotcompletelyberesolvedbybanksthemselvesinthenearfuture,andtheyneedthehelpofexternalforcesandresources.ThebanksofWesterndevelopedcountriesexperiencedseveralhundredyearsofdevelopment,withtheestablishmentofcorporategovernancestructureandrichexperienceinbankmanagement.Sotheadmissionofforeignstrategicinvestorsmaybeagoodattempt.WilltheentryofforeignstrategicinvestorsreallyimprovetheefficiencyofChina’sCommercialbanks?Inthispaper,thecontentsoffivepartsanswerthequestion.ThefirstPartsummingupforeignanddomesticstudyandconstructingtheresearchframework.Thesecondpart,thepaperconcludesthecharacteristicsofChina’sBankingsector,recalledthehistoryofforeigninvestmentinChina’sCommercialBanks,andstudythestrategicmotivationofallrelatedparties.Inthethirdpart,basedonthesituationofourcountry,thepapercollectstheforeignanddomesticexperienceofintroductionofforeigncapitalinthebankingsector,analysisthesuccessorfailureofthesecases,andprovidesreferenceobservationsforthereformofChina’sCommercialBanks.TheforthPartintroducetheDEAevaluationmethod.Atlast,throughaDEAmodelanalysisandLinearRegressionmeasurementmethods,thepaperanalyzestheefficiencychangeofChina’sCommercialBanksbeforeandaftertheentryofforeignstrategicinvestors,andevaluatestheeffectofforeignshareholdingforChina’sCommercialBanksduring2002to2006.Theoutcomeoftheevaluationisanalyzed.ThroughtheresearchofefficiencyevaluationofforeignshareholdingChina’sCommercialBanks,ontheonehand,domesticbankscancarryontherationalandcarefulselectionofforeignstrategicinvestors,andguidetheforeigncapitaltoplayapositiverolewithoutlosingcontrol;ontheotherhand,itcanprovidethereferenceforthepolicymakersandsupervisingdepartmenttoformulaterelevantpoliciesandstrengthenthemanagement.KeywordsCommercialBank;ForeignShareholding;EfficiencyEvaluation;DEAMethod;EconometricAnalysis111996101.120061211“”20075252008328200420052005200620051.151942.31.192[1][2]1.21.2.13HasanMarton2003SFA19931998JemricVujcic2002DEA19952000,GrigorianManole2002171995199830%YildirimandPhilippatos20021219932000,BolinHasanWachtel2005SFA66200275%667101994200245119971994199720%),24.4%16.6%27.7%31.3%23%74%80%72%50%43%BolinHasanWachtel200519962000,112258561,4,2,34,AbarbanellBolin1997,AbelSiklos2004,,1.2.2200320005005200620062006DEA2006200725%200320062007620072007IPO200675%200620062007720061991200320071.2.3DEA81.31.3.1123DEA451.3.2DEA922.18%8%8922030901011toobigtofail2-12-1122.2200613142.32-1%2005-1025.87.00%2005-10102.50%2005-1020.50%2005-0830.489.61%2005-0815.244.80%2005-0951.55%2005-1073740.23%2005-08259.00%2005-0814.665.102006-11BBAV5.015.00%7.1520.00%2006-11IBM1.694.74%2006-0413.067.02%2006-045.362.88%2006-047.594.08%2006-041.256.88%2004-0817.4719.9%2004-051.5317.89%17.2615.98%4.324.00%2004-045.395.00%2003-0972004.62%2004-111.14.55%1996-101.63.29%209019962-1151999IFC2001ADB2001128%3%5%7%20022003165%20041620048144.6119.9%200419.99%200412JohnLanglois20052519.9%20053IFC25%4800019.9%10%20061017320061116242.6785.6%2007IFC16D.E.G200312815202008327200712312-22-220071010-1121002003.12.312006.12.112.42.4.11172422.4.2120015097.720026207.8520038512.1200411548200514200200617606.9200721738414323.5%200120%1880%,WTO2192.52.5.120075%8%5%100%208%100%100%20200637.8295101.162007146.77275524609.32.5.2IPO21202.5.32233.13.1.1120041.14.5550036212177202003200220033520DBS100232006132007220076273.9%25%2433.1.2120042002911200292717.89%20021010200351220035200310200442004612004922200410232004112015720041214200412312002200220044.324.252.8925A20053.5220065287172006200713.0326.5023263.23.2.1120011891200112191052002GDP199828%2001111090200241%200223.6%21%IMF199282%12%199748%52%54271997200148%33%52%67%46%49%2001108DebtSwap100020022128233.2.21IPO91992199630%20%2950%25%IPO25%WBKBankSlaskiBSKBSKWBKWBK1993315EBRD28.5%BSKINGINGBSK25.9%1992-19941996WBK36%AIBAIB24%WBK60%BSKING27%54%BSK200075%200430-200442.36200394%37.252003159%2WBKBSKOECD1999IPO3313.2.31992KomercniBankaKBCeskaSporitelnaCSInvesticniaPostovniBankaIPBIPFKB53%47%NPF7019964NPFKB53.1%IPFKBIPF71.4%CSKBIPBIPF511.1%5.43%8.45%1997321998IPB36%IPBIPBIPBCeskoslovenskaObchodniBankaCSOBCSOB1999669.99%KBCKB2001660%SocieteGenerate2001219941996111996719969KreditantBanka1204.533333.311998IPB36%NomuraNomuraIPB2000IPB13.1CSOB234,3354DEADEACCRBCCNIRSMalmquist4.1DEADEADataEnvelopmentAnalysisCharnesCooperRhodesCCR1978ShemanGoldDEADEADecisionMakingUnitDMUDEACCRBCCNIRS4.1.1CCRNDMUKMiixiy12[,,]TiiiKixxxx=iii12[,,]TiiiKiyyyy=iii1,2,iN=iii4.1XYKN×MN×DMUTiTiuyvx4.236uv1M×1K×DMU,TiuvTiuyMaxvx..st1TiTiuyvx≤1,2,iN=iii4.3,0uv≥iiuv1*u*v*uα*vα1Tivx=6-3(),TuviMaxuy..st0TTiiuyvx−≤1,2,iN=iii4.41Tivx=,0uv≥4.4,inCMθλθ..st0iyYλ−+≥1,2,iN=iii4.50CixXθλ−≥0λ≥37λ1N×CθFarrell1957Cθi01Cθ≤≤1Cθ=CCRTechnicalEfficiencyTEi1Cθ−i4.1.2BCCBankerCharnes&Cooper1984DEAVRSBCC,invMθλθ..st0iyYλ−+≥1,2,iN=iii4.60vixXθλ−≥11TNλ=0λ≥1TN1N×111[1,1,1,1]TNN×=iii11TNλ=4.6PureTechnicalEfficiencyP