银行股东背景会影响寿险公司效率吗?——基于中国银行系与非银行系寿险公司的对比研究  

Will Bank Shareholders' Background Affect the Efficiency of Life Insurance Companies? A Study Based on the Comparison between Bank-Related and Non-Bank-Related Life Insurance Companies in China

作　　者：杨霞[1] YANG Xia(Wuhan University,Wuhan 430072,Chin)

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《江西财经大学学报》2018年第4期72-83,共12页Journal of Jiangxi University of Finance and Economics

基　　金：中国保险学会教保人身保险高校课题研究基金资助项目"银行系寿险公司发展研究"(jiaobao2017-08)

摘　　要：近年来银行系寿险公司异军突起,扩容速度之快、规模增长之巨令行业侧目,俨然成为中国银行保险发展的"救赎者"。在此情形下,我们聚焦于银行系寿险公司经营效率及其影响因素的研究,探讨其快速发展的原因是否在于银行股东背景。采用2010—2015年间10家银行系与12家非银行系寿险公司样本的DEA效率实证结果显示:平均而言银行系寿险公司的经营效率仍低于非银行系寿险公司,但其间差距有所缩小;银行系寿险公司中,银行直接控股的寿险公司在经营效率上要高于银行主导的金融集团控股的寿险公司;银行系寿险公司整体呈现规模报酬递增的特点,而非银行系寿险公司则整体呈现规模报酬递减的特点。针对上述经营效率的差异,运用Tobit回归的实证进一步发现:银保专业化程度、公司性质、公司规模等指标与经营效率之间存在正向关系,而股东背景、成立年限等因素对经营效率的影响并未通过检验。In recent years, the rapid expansion and growth of the bank-related insurance companies is attracting the attention of the business circle and has become the ＂Redeemer＂ in the development of bank insurance industry in China. Under such conditions, this paper focuses on the operating efficiency of the bank-related insurance companies as well as their influencing factors and discusses whether the reason for their rapid development lies in the background of bank shareholders. The empirical result of the DEA efficiency from the samples of 10 bank-related and 12 non-bank-related life insurance companies from 2010 to 2015 shows that in average the operating efficiency of the bank-related life insurance companies is still lower than that of non-bank-related life insurance companies, but the gap between them is shrinking. Among the bank-related life insurance companies, the operating efficiency of the life insurance companies directly controlled by banks is higher than that of life insurance companies controlled by financial groups that are directed by banks. The bank-related life insurance companies present an overall feature of increasing returns to scale, while the non-bank-related life insurance companies present an overall feature of decreasing returns to scale. Against the above mentioned differences between the operating efficiencies, this paper further makes an empirical analysis with the Tobit regression. The findings show that there is a positive relation between the operating efficiency and such factors as the degree of bank insurance specialization, the nature and the size of the companies, and so on,while the impact of such factors as shareholders’ background, the years of establishment, etc. on the operating efficiency has not been verified.

关 键 词：银行保险 银行系寿险公司 经营效率 

分 类 号：F840.5[经济管理—保险]