制度变迁、多元化行为与经营绩效——基于中国银行业的实证研究
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引用本文:彭建刚,王舒军,邹克.制度变迁、多元化行为与经营绩效——基于中国银行业的实证研究[J].财经理论与实践,2016,(5):2-8
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彭建刚,王舒军,邹克 (湖南大学 金融与统计学院湖南 长沙410079) 
中文摘要:按照“制度-行为-绩效”范式构建商业银行多元化分析框架,采用中国上市银行2003~2013年的面板数据,就制度变迁、多元化行为与商业银行经营绩效之间的关系进行实证研究。研究发现:以利率市场化为主要特征的金融制度变迁影响了商业银行的多元化经营行为,利率市场化改革促使商业银行向多元化发展转型;在制度变迁的背景下,利率市场化与多元化的交互作用对商业银行经营绩效的提升起到了一定作用,制度变迁通过影响商业银行的多元化行为,从而影响商业银行的经营绩效。对此,金融监管部门在推动宏观金融调控从以数量为主向以价格为主转变的过程中,应注重宏观审慎监管与微观审慎监管的协调推进,对金融机构实施分类监管,允许商业银行适度开展多元化经营,而商业银行也应根据资本水平和业务实际,审慎选择多元化发展路径。
中文关键词:制度变迁;利率市场化;多元化;经营绩效  银行业
 
Institutional Change, Diversification Strategy and Performance: An Empirical Study Based on China's Banking Industry
Abstract:Based on the panel data from 2003 to 2013 of 14 listed commercial banks in China, this article makes an empirical study on the relationships among the institutional change, diversification behavior and performance by establishing diversification strategy analysis frame of the "institution-behavior-performance" specification. Results show that the diversification of commercial banks operation and the liberalization degree of interest rate are positively correlated, and the financial institutional change based on the main feature of interest rate liberalization influences the diversification behavior of commercial banks. Moreover, on the ground of the institutional change, the interaction of interest rate liberalization and diversification strategy imposes a positive effect on bank performance. The institutional change influences the diversification of commercial banks, which affects the performance of commercial banks. In this regard, financial regulatory authorities in promoting financial macro-control from volume to the price change in the process, should pay attention to the coordination of macro-prudential supervision and micro-prudential supervision, for financial institutions to implement classified supervision, to allow commercial banks to moderate diversification, and commercial banks should also be according to the level of capital and business practice, careful selection of diversified development path.
keywords:institutional change  interest rate liberalization  diversification  performance  banking industry
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