摘要
采用个体效应随机前沿模型估计2003~2013年中国商业银行的技术效率变化、技术进步和规模效率变化,测算广义Malmquist全要素生产率指数,并分析它们与银行特许权价值的关系。研究发现：（1）样本期中国商业银行的平均技术效率达0.95,呈逐年改善趋势;全要素生产率年均增长4.14%,其原因首先是技术进步,其次是技术效率的改善和规模效率的提升。（2）银行的经营效率越高,将特许经营条件和优势转化为经营效益的能力越强,银行的特许权价值越高。（3）银行利用特许权创造价值的能力主要表现为资源配置能力和规模化经营能力,技术进步的作用相对有限。
By using individual effect stochastic frontier model, the paper estimates the techni- cal efficiency change, the technological advancements, and the scale efficiency change of China＇s commercial banks from 2003 to 2013, measures the generalized Malmquist total factor productivity （TFP） index, and analyzes the relationship between bank efficiency and charter value. Research shows the following conclusions ： （ 1 ） the average technical efficiency of China＇s commercial banks is about 0.95 in the sample period, and has improving trend year by year; the average annual growth of TFP is about 4.14%. The foremost reason is technological advancements, followed by the improvement of technical efficiency and the upgrading of scale efficiency. （2） Banks with higher operation efficiency has stronger ability in converting franchise condition and advantage into operation value and higher charter value. （3） The ability of banks to create value by using fran- chise is reflected mainly at the ability of allocating resource and the ability of scale operation, and the effect of technological oroaress is~ not ohvious.
出处
《云南财经大学学报》
CSSCI
北大核心
2015年第3期99-109,共11页
Journal of Yunnan University of Finance and Economics
基金
教育部人文社会科学研究规划基金项目"财政分权
政府治理与中国经济增长机制研究"(13YJA630018)
关键词
银行特许权价值
经营效率
个体效应随机前沿模型
Charter Value of Banks
Operation Efficiency
Individual Effect Stochastic Frontier Model
