国际银行业的地缘优势考察  

The Geo-advantage in the International Banking Industry

作　　者：张坤[1,2] 

机构地区：[1]中国社会科学院金融研究所博士后流动站 [2]中国华融资产管理股份有限公司博士后工作站,北京100033

出　　处：《上海金融》2013年第6期22-27,116,共6页Shanghai Finance

摘　　要：本文以银行业整体为观测对象,研究了银行业特征、金融结构、存款保险计划、信用环境、商业环境、人口统计特征、信息化水平、货币经济环境等八类地缘特征变量对66个国家2004-2009年银行业资产收益率的影响。结果显示,较低的资本与资产比例、较高的行业集中度和银行业效率意味着较高的银行业资产收益率。股票市场市值和银行贷款与GDP之比均不产生显著影响,但在控制了其他变量之后,银行体系在一国融资结构中的地位越高,银行业资产收益率越高,而且在高收入国家比在低收入国家要更高一些。改善信用信息环境(特别是对于低收入国家)和提高破产法执行效率有助于改善银行业盈利能力。人口老龄化是显著的负面冲击,但此冲击随一国收入水平的提高而逐渐减小。互联网覆盖面具有显著的正效应,但此效应在高收入国家要比在低收入国家小一些。Using country level data for 66 countries in 2004-2009,this paper investigates the effects of nine kinds of geo-characteristics variables including banking sector characteristics,financial structure,deposit insurance program,credit environment,business environment,demographic statistics,information level and monetary and economic conditions on the return on assets(ROA) of banking industry as a whole.We find that the lower the equity to asset ratio,the higher the concentration ratio and the more efficient the banking industry,the higher the ROA.Stock market capitalization and the bank loan to GDP ratio individually has no significant effects,but when other variables are under control,the higher status the banking system is in one country's financing structure,the high the ROA is,and the effect is greater in high income countries than in low income ones.It helps improve the profitability of the banking sector by improving the credit information environment(especially for low income countries) and enhancing the execution efficiency of the insolvency law.The aging of population poses a negative and significant shock,but the shock declines with increasing income level.The improvement of Internet coverage has a significantly positive effect,and the effect is less in high income countries than in low income ones.

关 键 词：资产收益率 地缘特征 人口统计特征 信息化 

分 类 号：F833[经济管理—金融学]