所有制结构、引资战略与中国商业银行效率——基于HM指数与Tobit模型的实证研究  

Ownership Structure,Entry of Abroad Strategic Investors and Efficiency of China′s Commercial Banks:Empirical Study through Hicks-Moorsteen Index and Tobit Model

作　　者：童馨乐[1] 姬胜男 张为付[2] 杨向阳[2,3] 

机构地区：[1]南京财经大学金融学院 [2]南京财经大学国际经贸学院 [3]南京大学经济学院

出　　处：《南开经济研究》2016年第4期56-70,共15页Nankai Economic Studies

基　　金：国家自然科学基金项目(71103080;71540024);中国博士后科学基金项目(2015M571717);江苏高校哲学社会科学研究重大项目(2015ZDAXM009);江苏省应用研究重大课题(15WTA009);江苏省社科基金重点委托项目(15WT021);江苏省中国特色社会主义理论体系研究中心的阶段性成果

摘　　要：本文在采用Hicks-Moorsteen指数方法估算和分析1997—2009年中国商业银行效率的基础上,建立Tobit模型考察所有制结构与引资战略对中国商业银行效率的影响。研究结果发现:中国商业银行技术效率和全要素生产率均保持较快增长,其平均增长率分别为6.08%,和6.55%,;在控制住商业银行规模的影响后,所有制结构显著影响中国商业银行技术效率和全要素生产率的增长率,引资战略显著影响中国商业银行全要素生产率的增长率,但对技术效率增长率的影响在统计上不显著。为持续提高中国商业银行效率,应避免采取简单私有化的改革路径,积极促进境外战略投资者的进入与深度融合,并加大对上市商业银行的监管力度。This paper has estimated efficiency of China＇s commercial banks from 1997 to 2009 through the Hicks-Moorsteen index approach, and Tobit model is established to ana- lyze the effects of ownership structure and entry of abroad strategic investors on efficiency of China＇s commercial banks. Empirical results show that technical efficiency and total factor productivity have maintained relativejy fast growth. And the average growth rates of technical efficiency and total factor productivity state-owned commercial banks are both higher than joint-stock commercial banks. After controlling the influence of commercial banks scale, state-owned ownership has both obviously positive effects on growth rates of technical efficiency and total factor productivity. The entry of abroad strategic investors has ／ obviously positive effect only on growth rate of total factor productivity. However, the en- try of abroad strategic investors has positive effect on growth rate of technical efficiency which is not statistically significant. Finally some policy suggestions have been put forward.

关 键 词：所有制结构 引资战略 商业银行 技术效率 全要素生产率 

分 类 号：F832.33[经济管理—金融学]