当前位置:首页 > 金融/证券 > 金融资料 > 我国商业银行跨区域发展的经济效应研究
我国商业银行跨区域发展的经济效应研究*范香梅邱兆祥张晓云:本文采用面板数据对我国5家大银行和9家股份制银行19972008年间跨区域发展的经济效应进行了实证和比较分析,发现跨区域发展有助于大银行提高效率和降低风险,但不利于中小银行效率提高和风险降低因此,大银行适度跨区域发展可获得理论上所谓的规模经济范围经济风险分散化等好处;中小银行却不宜盲目跨区域扩张,应把一定区域内从事关系型银行业务作为长期经营战略:商业银行跨区域发展随机前沿法经济效应:范香梅,对外经济贸易大学金融学院博士后湖南师范大学商学院副教授,410081;邱兆祥,对外经济贸易大学金融研究所名誉所长教授,100029;张晓云,湖南师范大学商学院硕士研究生,410081:F830.9:A:10028102(2011)010064081994,,,,,,,,,,,?,一相关文献回顾与原假设的提出()Berger(1999)2090Copeland(2003)Klein(2000),Sprague(1903);FriedmanSchwartz(1963)2030;Calomiris(2003);Allen(2000)CalemNakamura(1998),Dick(2006)64Finance&TradeEconomics,No1,2011*(10YJA790152)(20090450344)(CX2010B181)-(Riegle-Neal),,,Allen(2004),Matutes(2000),Brickley(2003),,1:,(),,Pilloff(2000),(DeYoung,2004),Berger(2002),Brickley(2003),,,?DeYong(2001),Bongini(2007),,Hauswakl(2002)2:,(),,Liang(1991)5509,Rose(1996)84,Demsetz(1997)81~134,Berger(1998)!!,Meyer(2001),,,Berger(2001)7000,Emmons(2004)7137,,,3:,,,,;,4:,6520111二商业银行跨区域发展的经济效应测度及模型构建()SFA1.,X-1957Farrell,1966LeibensteinX-2080;90,;(SFA)(DFA)(TFA),,SFA,DFATFADFA,v,,SFADFATFA,SFA2.(SFA)(),,,,:yit=f(xit)exp(vit-uit)(1),yitit,xitit,f(-),vit,uit,exp(uit)v,,v,v~N(0,2v)u,u,u,,:TE=E[f(x)exp(v-u)]E[f(x)exp(v-u)u=0]=exp(-uit)(2)(H0:=0),,,=2u2v+2u(3)2u2vuvLR(BatteseCoelli,1992)(0,1),1,u;0,v;01,uv3.BergerMester(1999),,,,,:PROFEFFit=^!it^!maxt={exp[f^!(wit,yit,zit,vit)]∀exp[ln^u!it]}-∀{exp[f^!(wit,yit,zit,vit)]∀exp[ln^u!maxt]}-∀(4)66Finance&TradeEconomics,No1,2011,Wit,(TN)(TC);Yit,(PP)(RDL)(4),,:TE=#0+#1ln(TNit)+#2ln(TCit)+#3PPit+#4RDLit+#5CRDIit+Uit(5),i=1,2,#,14;t=1997,1998,#,2008PPRDL,TNTC;CRDI()1.,FurlongKeenly(1990);BergerMester(1997);DengElyasiani(2008);LiangRhoades(1991);Shiers(2002)(ROE)(ROA);BergerDeYoung(2001)AkhigbeMcNulty(2005);Emmons(2004),(2008);(2007);(2005),ROAROE,,2.McAllisterMcManus(1993),,;AveryBerger(1991),Saunders(1990)Saunders(1990),,DengElyasiani(2008),;Shiers(2002)(2007),(TR)6,TR=G(NPL,SEC,ln(SIZE),RAL,OWN,CRDI):TRit=∃0+∃1NPLit+∃2SECit+∃3ln(SIZEit)+∃4RALit+∃5OWNit+∃6CRDIit+Uit(6),i=1,2,#,14;t=1997,1998,#,2008NPL,SEC,ln(SIZE),RAL,OWN,1,0CRDI,,,,,6720111,:TEit=0+1ln(TNit)+2ln(TCit)+3PPit+4RDLit+5TRit+6CRDIit+Uit(7),i=1,2,#,14;t=1997,1998,#,2008三因子分析与变量指标的选取(),,,,,,:;,;()∃%∃%1995-2008,5,91995-2009//;;,;∃%1997,1997-20081.,(ROA)(ROE)//;,SPSSKaiser,,0&1KMOBartlett,ROA85%,ROA;,85%,,80%,,,2.(),,,;,,;,,DengElyasiani(2008),,,,68Finance&TradeEconomics,No1,2011,:(Di)=%∀(/)+%%∀(/),,,,:CRDIit=∋TDitDi,CRDIit,%TDit,Di四实证结果分析,()LLCBreitungHadriIPSFisherChoi,Hadri,1,Breitung,LLCIPSFisher-ADFFisher-PP,,1LLCBreitungtIPSFisher-ADFFisher-PPTE()-3.6956(0.0001)-4.6908(0.0000)-1.7966(0.0362)50.6252(0.0055)54.8607(0.0018)&ln(TN)()-5.2371(0.0000)-2.1958(0.0141)-3.2163(0.0006)53.3994(0.0026)67.9906(0.0000)&ln(TC)()-3.8605(0.0001)1.8430(0.9673)-1.9741(0.0242)45.6602(0.0189)92.5304(0.0000)&PP()-15.1382(0.0000)0.91052(0.8187)-4.8843(0.0000)80.0061(0.0000)125.769(0.0000)RDL()-19.8070(0.0000)-1.8057(0.0355)-7.1429(0.0000)74.5251(0.0000)58.1527(0.0007)&CRDI()-7.2802(0.0000)0.3885(0.6512)-3.6798(0.0001)75.2177(0.0000)104.557(0.0000)&TR()-11.7814(0.0000)-3.0291(0.0012)-4.4871(0.0000)79.8045(0.0000)144.014(0.0000)NPL()-6.24727(0.0000)-4.5109(0.0000)-3.9704(0.0000)63.4529(0.0001)51.4027(0.0045)SEC()-9.1587(0.0000)-2.13753(0.0163)-4.5716(0.0000)70.2921(0.0000)97.4868(0.0000)&ln(SIZE)()-13.8299(0.0000)-3.8347(0.0001)-4.1846(0.0000)75.3282(0.0000)59.7933(0.0004)&RAL()-2.0101(0.0222)0.6928(0.7558)-2.1383(0.0162)48.2587(0.0100)118.413(0.0000):P;&2(5)(6)(7)Pedroni-pp-2.9555(0.0016)-5.0056(0.0000)-0.41716(0.0000)Pedroni-ADF-2.1402(0.0162)-3.6780(0.0000)-0.40820(0.0000)Pedroni-pp*-6.2130(0.0000)-11.113(0.0000)-2.7979(0.0000)Pedroni-ADF*-5.1406(0.0000)-5.9107(0.0000)-4.6640(0.0000)Kao-ADF-4.9411(0.0000)-0.1215(0.4517)-2.7351(0.0031):P(),,Kao(Kao,69201111990)Pedroni(Pedroni,2004)Fisher,Kao(5)(6)(7),2,(5)(6)(7),,,()14(5)(6)(7),33(5)(6)(7)OLS()∗∋5(#05.3494(0.0268)**25.32719(0.0249)**1.4127(0.4527)ln(TN)-0.5091(0.0151)**-2.0842(0.0109)**-0.2482(0.1576)Ln(TC)-0.1275(0.1477)-0.0661(0.9184)0.0004(0.9965)PP460.851(0.0000)*125.95(0.0315)**180.61(0.0277)**RDL-0.2964(0.3874)-0.9589(0.3638)0.5017(0.1978)CRDI21.0979(0.0449)**49.0296(0.0784)***-17.62(0.2810)()∗∋6(∃015.2595(0.000)*/14.111(0.0000)*NPL1.9274(0.0013)*-1.1163(0.3902)3.6257(0.0000)*SEC0.8870(0.3418)0.3224(0.8315)-0.6054(0.6074)ln(SIZE)-0.4168(0.000)*-0.2355(0.4034)-0.2071(0.0219)**RAL-13.0995(0.000)*-17.2403(0.0098)*-13.4027(0.0000)*OWN-0.2255(0.4089)18.6784(0.0040)*/CRDI18.6908(0.0004)*8.6323(0.3565)-12.7677(0.2182)()∗∋7(0-1.7060(0.0439)***26.3498(0.0261)**0.5517(0.7610)ln(TN)0.1553(0.0579)***-2.1917(0.0138)**-0.0911(0.600)Ln(TC)-0.1599(0.0335)**-0.0263(0.9684)0.0554(0.5101)PP390.67(0.0000)*1303.70(0.0321)**136.39(0.0848)***RDL0.2357(0.3913)-1.0194(0.3468)0.2501(0.5090)TR0.3004(0.0000)*-0.0453(0.7331)0.3173(0.0014)*CRDI9.4918(0.0542)***51.6759(0.0777)***-2.3674(0.8848)()∗:P,*1%;**5%;***10%(5),,,,,,;,,,,,,,(6),,,,,,,,,,,,70Finance&TradeEconomics,No1,2011(7),14,;,,,(5)(6)(7):,,五结论与政策建议,,,,591997-2008,,,,;,,,,;,,,,,,,,;,,,,,,:1.:∃%,∃%200772.A.N.BergerandG.F.Udell,SmallBus
本文标题:我国商业银行跨区域发展的经济效应研究
链接地址:https://www.777doc.com/doc-242345 .html