中国的金融监管治理有效吗——基于中国银行业的问卷调查  

Is China's Financial Regulatory Governance Effective?——An Analysis Based on the Questionnaire Survey of Chinese Banking Industry

作　　者：赵峰[1,2] 付韶军[3] 杜雯翠[4] 

机构地区：[1]北京工商大学经济学院 [2]北京工商大学国有资产管理协同创新中心 [3]外交学院国际经济学院 [4]首都经济贸易大学经济学院

出　　处：《财贸经济》2014年第8期49-61,共13页Finance & Trade Economics

基　　金：教育部人文社科青年基金项目"政治关联;企业绩效与权益资本成本--基于中国民营企业的研究"(12YJC630308);国有资产管理协同创新中心资助项目"国有资产资本市场运营效率研究"(GZ20130901);北京市教委科研计划重点项目"北京市率先形成消费拉动型经济发展模式研究"(SZ201310011006)的资助

摘　　要：中国金融监管当局处于监管金字塔的顶端,其治理水平的高低严重影响着金融业的安全与稳定。然而,目前鲜有文献对中国金融监管治理的实务操作进行量化研究。那么,怎样才能对金融监管当局做出合理评价?中国的金融监管治理有效吗?在借鉴国际经验的基础上,本文构建了金融监管治理有效性评价指标体系,包含:监管独立性、监管责任性、监管透明度和职业操守4个一级指标,30个二级指标,并以中国银行业为例设计了调查问卷开展量化评价,以检验金融监管治理的有效性。研究发现:总体上,2012年中国银监会的监管治理水平比2011年有所提高,监管独立性、监管透明度和职业操守这三个维度显著提高了中国银监会的监管治理水平,但监管责任性并未能发挥其应有的作用。本文结论为评价中国金融监管治理提供了经验证据,对国家制定增强金融监管治理有效性的相关政策具有重要参考价值。Chinese financial regulatory authority is at the top of the regulatory pyramid, and its governance level seriously affects the safety and stability of the financial industry. However, there are very few quantitative studies on the practical operation of China＇s financial regulatory governance. And how can we make a reasonable assessment of Chinese financial regulatory authority？ Is China＇s financial regulatory governance effective？ Based on the international experience, this paper constructs China＇s financial regulatory governance effectiveness assessment indicator system, including 4 primary indicators, regulatory independence, regulatory accountability, transparency and integrity, and 30 secondary indicators, and takes the banking industry as an example to design questionnaire and to carry out quantitative evaluation in order to test the implementation effect of China＇s financial regulatory governance. The study shows that： on the whole, Chinese CBRC regulatory governance level of 2012 is higher than that of 2011, and the three dimensions--regulatory independence, regulatory transparency and integrity--significantly improved the regulatory governance level of Chinese CBRC, but regulatory accountability failed to play its role. The conclusion provides empirical evidence for the assessment of China＇s financial regulatory governance, and has important reference value for China to introduce related policies of enhancing financial regulatory governance effectiveness.

关 键 词：金融监管治理 银行监管治理 评价指标 结构方程模型 有效性 

分 类 号：F832.1[经济管理—金融学]