摘要
在经济一体化和金融全球化的背景下,商业银行跨国经营不断涌现。2000年,中国确立实施＂走出去＂战略,坚持＂引进来＂和＂走出去＂战略并举、相互促进。在此背景下,我国商业银行纷纷走出国门寻求海外发展,逐渐进入竞争异常激烈的国际金融市场,但是,海外发展模式的选择决策问题,即通过跨国并购还是新建投资进入目标市场,成为理论与实务界的难题。本文通过对2000~2009年我国商业银行跨国并购和新建投资的样本进行离散的被解释变量分析,建立了我国商业银行海外发展投资模式的决策模型,为我国商业银行跨国并购与新建投资的实务决策提供一种可量化的决策方法,以提高决策效率。
Against the background of economic integration and financial globalization, there are so many multinational commercial banks. China has introduced ＂go abroad＂ strategy in 2000. With this background, many Chinese commercial banks have gone abroad, seeking overseas development and entering the competitive international financial market gradually. However, how to choose the models of overseas development？ When Chinese commercial banks enter a new market, will they choose outbound MA or Greenfield investment？ This is a puzzle for both academic analysis and practice in China. Based on the samples of Chinese commercial banks outbound MA and Greenfield investments in 2000~2009, this paper established a decision-making model by extreme value regression. The output of this decision-making model is a reference for Chinese commercial banks when they choose the models of overseas development, and it can also improve the efficiency of decision making.
出处
《国际金融研究》
CSSCI
北大核心
2010年第10期64-70,共7页
Studies of International Finance
关键词
商业银行
海外发展投资模式
跨国并购
新建投资
Commercial Banks
Models of Overseas Development
Outbound M＆A
Greenfield Investment
