不良贷款约束下中国上市商业银行全要素生产率研究：基于Luenberger指数的分析  

Study of Total Factor Productivity of China's Listed Commercial Banks Under the Constraint of Non-performing Loans:based onLuenberger Productivity Indices

作　　者：姜永宏[1] 蒋伟杰[1] 

机构地区：[1]暨南大学,510632

出　　处：《南方经济》2014年第4期62-79,共18页South China Journal of Economics

基　　金：“打造理论粤军”2013年度重大资助项目“中国家庭金融问题研究-基于制度因素、人力资本和财富效应的考察”(批准号:LLYJ317);国家社科基金项目“我国房价稳定与银行稳定的货币政策研究”(批准号:12BJY161);教育部人文社会科学基金项目“盈余管理、暴跌风险与所有权结构”(批准号:11YJA790140)的资助

摘　　要：借助Luenberger指数法,本文测度了中国16家上市商业银行2005-2011年间考虑不良贷款约束的全要素生产率。研究表明,不考虑坏产出约束时的全要素生产率存在高估问题。与以往结论不同,我们发现中国上市商业银行的年平均全要素生产率退步了3.00%,7年间累积退步18.01%。从分类角度看,国有银行对不良贷款管理效率较差,但应对冲击能力强;股份制银行机制灵活,能有效控制不良贷款的扩张;城市商业银行具有区域优势,可对贷款进行更为有效的管理。本研究对中国银行业监管与改革具有参考意义。This paper investigates the Total Factor Productivity of 16 Listed Commercial Banks in China during 2005 - 2011 under the restrictions of non - performing loans using Luenberger Productivity Indices. The results show that omitting the restrictions of non -performing loans will get a upward bias on TFP estimator. Different from pervious researches, we find that China＇ s Listed Commercial Banks＇ Total Factor Productivity decreased by 3% annually and has an 18.01% regression during the sample period. From classification perspective, the SOBs have a poor efficiency on non - performing loan management, but the ability to cope with the impact is strong; joint - stock commercial banks can effectively control the expansion of non - performing loans; city commercial banks have regional advantages, the loan can be more effectively administrated. Our research has a reference value on Chinese bank industry supervision and banking reform.

关 键 词：LUENBERGER指数 全要素生产率 商业银行 系统重要性 

分 类 号：F830.31[经济管理—金融学]