境外战略投资者持股比例对中国商业银行绩效影响研究

The Effects of Ratio of Overseas Strategic Investors' Equity Rights on Chinese Commercial Banks

本文选取28家国内银行1995-2008年的面板数据,研究引入境外战略投资者持股比例对我国银行盈利能力、资产质量、稳定性、资产配置能力、创新能力、公司治理等经营层面的影响。研究结果显示,境外战略投资者的持股比例提高有助于提升银行贷款质量和改善公司治理,但境外战略投资者持股比例对银行盈利能力、稳定性、资产配置能力、创新能力影响并不显著。境外战略投资者持股比例对不良贷款率和存贷比的影响呈U型,该比例在达到一定水平(拐点)后会增加银行的贷款投放,而在增加银行贷款投放的同时不良贷款率也会增加。

This paper studied the effects of ratio of overseas strategic investors＇ equity rights on Chinese banks＇ profitability, assets quality, stability, assets allocation ability, creativity and corporate governance based on data of 28 domestic banks over period 1995-2008. We discovered that when overseas strategic investors＇ equity rights were higher, the assets qualities and corporate governance were better, but the ratio of overseas strategic investors＇ equity rights did not affect the profitability, stability, assets allocation ability and creativity. The effect of ratio of overseas strategic investors＇ equity rights on bad loans ratio and ratio of loans to deposits was consonant with U type. When the ratio crossed a certain turning point, the bank would increase the loan and the bad loan ratio would become higher.