X效率与股东回报:基于上市商业银行的实证分析  

X-efficiency and Shareholder Returns: Evidence from Listed Commercial Banks

作　　者：温军[1] 王新霞[1] 孙婷[1] 

机构地区：[1]西安交通大学经济与金融学院,西安710061

出　　处：《经济问题》2011年第9期100-104,共5页On Economic Problems

基　　金：中国博士后基金项目(20100471291)的阶段性成果

摘　　要：以我国16家上市商业银行为例,探寻银行X效率对股东回报的作用机理。研究发现:提升我国商业银行的X效率能够有效改善股东回报能力;与技术进步相比,技术效率改进能够更有力地解释股东回报变化;技术效率的正向作用主要以纯技术效率为传导渠道,而与规模效率关系不大。简言之,推动技术进步与纯技术效率改进是提高我国商业银行股东回报,进而提升自身竞争力的关键所在。In this paper, we explore the mechanism of bank X -efficiency to shareholder returns, taking 16 listed commercial banks in China as the research objects. The findings are as follows： improving bank effici＇ency can effectively improve shareholder returns. Compared with technological progress, technical efficiency change can more effectively explain the change in shareholder returns. The positive effect of technical efficiency takes pure technical efficiency as the main transmission channels, but has little to do with scale efficiency. In short, to promote the improvement in technological progress and pure technical efficiency is the key to improve shareholder returns and competitiveness of commercial banks in China.

关 键 词：上市商业银行 X效率 股东回报 MALMQUIST指数 

分 类 号：F830.91[经济管理—金融学]