A Study on the Financial Efficiency of Chinese Commercial Banks: Under Multi-Index Panel Data
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
Chinese commercial banks are expanding considerably. After the global financial crisis, China's state-owned commercial banks emerged as the world's largest banks. Although China's small-and medium-sized enterprises (SMEs) face dilemmas, the country's commercial banks still record high rates of return, thus making their financial efficiency an important issue. To perform multi-index factor analysis, this paper uses the financial indexes of 18 commercial banks, and examines their financial efficiency. The scores of scale are much higher than those of other commercial banks, whereas smaller commercial banks show more competitiveness in profitability. To survive in the increasingly competitive environment, state-owned commercial banks should improve business performance via continuous innovation and reform.
Abstract
Chinese commercial banks are expanding considerably. After the global financial crisis, China's state-owned commercial banks emerged as the world's largest banks. Although China's small-and medium-sized enterprises (SMEs) face dilemmas, the country's commercial banks still record high rates of return, thus making their financial efficiency an important issue. To perform multi-index factor analysis, this paper uses the financial indexes of 18 commercial banks, and examines their financial efficiency. The scores of scale are much higher than those of other commercial banks, whereas smaller commercial banks show more competitiveness in profitability. To survive in the increasingly competitive environment, state-owned commercial banks should improve business performance via continuous innovation and reform.
참고문헌 (12)
- Berger, A., "Competitive Viability in Banking： Scale, Scope, and Product Mix Economics", Journal of Monetary Economics, 20(3), pp.501~520 (1987)
- Cebenoyan, A. S., "Multiproduct Cost Functions and Scale Economies in Banking", Financial Review, 23(4), pp.499~512 (1988)
- Feng, Guohua, "Productivity and Efficiency at Large and Community Banks in the US: A Bayesian True Random Effects Stochastic Distance Frontier Analysis", Journal Of Banking & Finance, 36(7), pp.1883~1895 (2012)
- Gao, Bo, "Economies of Scale of China's Banking Sector", Chinese Economic Review, (1), pp.124~128 (2003)
- Harvey, L., "Allocative Efficiency vs. 'X-Efficiency'", American Economic Review, 56(3), pp.392~415 (1966)
- Horrocks, M., "Financial Reforms in Chinese Banking: The Impact on Personal Lending and Operational Efficiency", Business Horizons, 51(6), pp.511~517 (2008)
- Irsova, Z., "Measuring Bank Efficiency: A Meta-Regression Analysis", Prague Economic Papers, (4), pp.307~328 (2010)
- Köehler, M., "Ownership Structure, Regulation and the Market for Corporate Control in the EU Banking Sector", European Journal Of Law and Economics, (1), pp.173~196 (2012)
- 이천국, "A Study on the Impact of Foreign Bank Entry on the Financial Business Performance of Banks in Emerging Markets", 국제회계연구, 38(38), pp.249~266 (2011), 한국국제회계학회
- Liu, Chen, "A Study on the Efficiency of China's Commercial Bank Based on SFA", Chinese Journal of Finance, (6), pp.138~142 (2004)
- Xu, Chuanchen, "On the Economies of Scale in the State-Owned Banks and Strategy Analysis of Financial Reform", Chinese Economic Research, (3), pp.22~30 (2002)
- Zhang, Jianhua, "Bank Risk Taking, Efficiency, and Law Enforcement: Evidence from Chinese City Commercial Banks", China Economic Review, (2), pp.284~295 (2012)