市场竞争与国有商业银行的自生能力  

Market Competition and State - owned Commercial Bank' s Performance

作　　者：傅立文[1] 何卫江[2] 

机构地区：[1]吉林大学,吉林长春市130012 [2]中国人民银行上海分行,上海市200120

出　　处：《金融研究》2005年第2期106-114,共9页Journal of Financial Research

摘　　要：一般认为,在目前国有商业银行治理结构下的考核机制所造成的棘轮效应是普遍存在的。但实践中我们观察到,在基本相同的公司治理结构下,处于不同区域的国有商业银行绩效却明显不同,甚至差异很大。本文用一个简单的两期动态模型分析了现行国有商业银行考核激励机制中的棘轮效应及在竞争环境下棘轮效应的改善,试图给出另一种解释是:经济发达地区更为充分的竞争,使得经理人的努力程度提高,从而使组织导向的治理结构转向更有比较效率的市场导向治理结构,商业银行自生能力得到提高。进而得出结论是,在当前国有商业银行产权及治理结构的改革中,培育、发展、完善公平竞争的金融市场环境同样重要。By using the simple two - period dynamic model, this paper analyses the ratchet effect in state - owned commercial bank's evaluation and incentive mechanism and how to ameliorate ratchet effect under the competitive situation. Generally, the ratchet effect, brought about from the evaluation mechanism in the state - owned commercial bank s governance structure, is widespread. However, in practice the author finds that the ratchet effect is ameliorated in some prosperous regions. The question is why there is difference between the state - owned commercial banks in various regions. It will be more difficult to explain when there are great differences. One answer the author discussed is that the competition makes the managers work harder, thus leads the governance structure transfer into more efficient market - oriented governance structure. The conclusion is that it is equally important to establish and develop fair competitive market environment when the state - owned commercial banks are taking on reform of their property and governance structure.

关 键 词：国有商业银行 棘轮效应 自生能力 市场竞争 

分 类 号：F832.33[经济管理—金融学]