摘要
运用杜邦财务体系,选用贷款、存款、手续费收入、不良贷款率、流通股份等指标,引入Feltham-Ohlson估值模型对银行类上市公司进行实证分析,实证结果显示,传统存贷款业务的利润差仍然是中国上市银行的利润和价值来源,不良贷款率对银行价值有负面影响,该指标在中国由于政策因素的影响并不显著。
Using Dupont system, selecting loan, deposit, commission charge, non - performing loans＇ rate, circulate share as indexes, the paper makes an empirical analysis of listed banks＇ market value by Feltham- Ohlson model. The results show that the deposit interest rate differential is the main source of banks＇ profit. And non - performing loans have negative impact on bank＇ s value, but the impact is insignificant.
出处
《财经理论与实践》
CSSCI
北大核心
2009年第4期19-21,共3页
The Theory and Practice of Finance and Economics
