中国国有商业银行利润效率及影响因素——基于所有权结构变化视角

Profit Efficiencies and Influences of the Chinese State-owned Commercial Banks:Based on Their Ownership Structure Changes

本文从所有权结构变化视角探讨国有商业银行利润效率及影响因素。通过构建傅里叶随机利润效率前沿模型,本文实证分析所有权结构改革后国有商业银行的利润效率水平,并检验了利润效率的影响因素。结论发现:国有商业银行或主要国有所有权银行表现出很高的平均利润效率水平。这是所有权结构变化之后有效的外部监督、内部治理改善基础上的信贷分配机制、国有商业银行的垄断力、中国经济的持续高速增长和技术进步等因素共同作用的结果。

By constructing a one-step Fourier stochastic profit frontier model, we estimate profit efficiencies and test their influencing factors to aim at the fundamental ownership structural reform of China＇ s banking institutions since 2003. The results show that the average profit efficiency of the state-owned commercial banks ranks the second in all types of the whole sample. The decisive influencing factors include external supervision from IPO, efficient mechanisms of credit allocation based on improvement of internal governance structure, monopoly power of the state-owned commercial banks, the lasting high growth of China＇s economy and technique progress.