审慎监管对我国商业银行经营效率的影响——基于全要素生产率的视角  

Research on the Impact of Prudential Supervision on the Operational Efficiency of China’s Commercial Banks:Based on the Perspective of Total Factor Productivity

作　　者：赫国胜[1] 马妍妮[1] He Guosheng;Ma Yanni

机构地区：[1]辽宁大学经济学院

出　　处：《财经科学》2020年第5期16-29,共14页Finance & Economics

摘　　要：审慎监管是商业银行持续稳健发展的必然选择。基于此背景,利用2011-2017年22家A股上市商业银行面板数据,测算全要素生产率以度量商业银行经营效率,运用系统GMM估计方法实证考察了主要审慎监管工具对我国商业银行经营效率的影响。研究发现:上市商业银行整体经营效率下降,但从时间序列上看,随着审慎监管政策的实施,上市商业银行全要素生产率经历先下降后上升的过程;不同类型商业银行经营效率及影响因素均存在一定差异。审慎监管工具中的资本充足率、杠杆率对商业银行经营效率具有显著促进作用,流动性占比及贷款拨备率对商业银行经营效率产生显著负面效应,但整体来看,就四大审慎监管工具而言,其对商业银行经营效率的正面效应明显大于负面效应。根据上述实证研究结果,提出相应的政策建议。Prudential supervision is an inevitable choice for the sustainable and steady development of commercial banks.Based on this background,using the panel data of 22 A-share listed commercial banks in 2011-2017 to calculate the total productivity to measure the operational efficiency of commercial banks,and the SYS-GMM is used to empirically examine the impact of the main prudential supervision tools on the operational efficiency of commercial banks.Research findings:the overall operational efficiency of listed commercial banks decrease,but from the time series,with the implementation of prudential supervision policies,the total factor productivity of listed commercial banks experience a decline and then increase.There are some differences in operational efficiency and influencing factors of different types of commercial banks.The capital adequacy ratio and leverage ratio in prudential supervision tools have significantly positively promoted effect,while the liquidity ratio and loan provision ratio have a significantly negative impact on the operational efficiency of commercial banks.On the whole,the positive effect of four prudential supervision tools on the operational efficiency of commercial banks is obvisously greater than the negative effect.According to the above research results,the corresponding policy recommendations are put forward.

关 键 词：商业银行 审慎监管 经营效率 全要素生产率 

分 类 号：F832.33[经济管理—金融学]