跨国并购能推动我国商业银行经营效率改善吗？--来自我国四家商业银行2000-2008年跨国并购的考证  

Can Multinational M&A Improve Chinese Commercial Bank's Operation Efficiency?Evidence From Four Commercial Banks

作　　者：黄德春[1,2,3,4] 张长征[1,2] 徐艳 

机构地区：[1]河海大学商学院 [2]河海大学产业经济研究所 [3]河海大学经济与国际贸易系 [4]河海大学科技经济研究中心 [5]深圳发展银行南京分行

出　　处：《投资研究》2012年第2期58-66,共9页Review of Investment Studies

基　　金：教育部人文社科后资助项目(项目编号:11JHQ024,负责人:黄德春);江苏省社科基金项目(10EYC023,项目负责人:华坚黄德春);江苏省社科基金资助重点项目(项目编号:08EYA002,项目负责人:黄德春);江苏省2011年度普通高校研究生科研创新计划资助项目(项目编号:CXZZ11-0456,负责人:张长征)

摘　　要：本文首先运用Malmquist指数方法对2000-2008期间跨国并购实施银行的经营效率进行测算,发现其经营效率改善与其跨国并购时间间隔长度有关,并且并购行为对技术进步和技术效率影响不同;其次,从盈利能力、成本控制能力以及风险规避能力三个方面对跨国并购影响度进行实证分析。结果表明,跨国并购对实施银行的盈利能力有不显著的影响;对其经营成本有显著的降低作用;对其成本控制能力明显的提高作用,但对其风险规避和管理能力却有明显的恶化作用。Firstly, the paper employs the Malmquist index method to measure the operational efficiency of banks that conduct transnational M＆A from 2000 to 2008, which shows the improvement of the operational efficiency has relations with the inter- val length of the transnational M＆A time. M＆A has different influences on technology improvement; secondly, the paper ana- lyzes the effect of transnational M＆A by the empirical model from three aspects, the profitability, cost control ability and risk ability. The results indicate that the transnational M＆A has no significant effect on the profitability of Chinese banks; it significantly reduces the banks＇ operating costs and enhances their cost control ability, worsens the risk and management ability of them.

关 键 词：跨国并购 银行经营效率 MALMQUIST指数 

分 类 号：F271[经济管理—企业管理] F832.33[经济管理—国民经济] F224