货币政策、同业业务与上市银行效率——基于中国40家上市银行面板数据的实证研究

Monetary Policy,Interbank Business and Efficiency of Listed Banks ——An empirical study based on panel data of 40 listed banks in China

基于2008—2017年中国40家上市银行的面板数据,借助SBM超效率模型,对非期望产出影响下的上市银行超效率进行评估,在此基础上利用动态面板数据GMM模型,研究货币政策、同业业务对上市银行效率的影响。结论认为,非期望产出对上市银行超效率影响明显;货币政策宽松和同业业务发展对上市银行的效率提高具有正向作用;同业业务对股份制银行和中小银行作用更明显,对国有大行的作用不显著。

Based on the panel data of 40 listed banks in China from 2008 to 2017,this paper evaluates the super-efficiency of Listed Banks under the influence of unexpected output with the help of SBM super-efficiency model.On this basis,this paper studies the impact of monetary policy and interbank business on the efficiency of listed banks by using dynamic panel data GMM model.It is concluded that the unexpected output has a significant impact on the super-efficiency of listed banks;loose monetary policy and the development of peer business have a positive effect on the efficiency of listed banks;peer business has a more obvious effect on joint-stock banks and small and medium-sized banks,but not on state-owned banks.