摘要
本文在金融深化理论和不完全竞争市场理论分析的基础上,基于2011-2016年中国19个省(市、自治区)的36个农村商业银行数据,分析了市场化程度对农村商业银行财务绩效和社会绩效的影响,并进一步讨论了政府作用对上述关系的影响。研究结果表明:市场化水平对农村商业银行财务绩效的影响不是简单的线性关系,而是以市场化水平为门槛划分区间的分段函数关系,当市场化水平处于较低值时,市场化水平对农村商业银行财务绩效有较大的正向影响,当市场化水平处于较高值时,市场化水平对农村商业银行财务绩效有较小的正向影响。在市场化程度提升促进农村商业银行社会绩效提高的过程中,需要经过一个漫长的累积过程,在这个累积过程中,市场化程度对农村商业银行的社会绩效存在隐形累积作用;当跨过经济累积的门槛,市场化程度可以加速提升农村商业银行社会绩效。市场化程度提升促进农村商业银行社会绩效提高的过程中,政府起到的是抑制作用。但随着市场化程度的提升,这种抑制作用会减小。
Based on the analysis of the theory of financial deepening and the theory of incomplete competitive market, based on the data of 36 rural commercial banks in 19 provinces(municipalities and autonomous regions) in 2011-2016 years in China, this paper analyzes the influence of the degree of marketization on the financial performance and social performance of rural commercial banks, and further discusses the influence of the role of government on the relationship. The results show that the effect of marketization on the financial performance of rural commercial banks is not a simple linear relationship, but the segmentation function relationship is divided by the market level as the threshold. When the market level is low, the market level has a greater positive impact on the financial performance of the rural commercial banks. When the market level is at a higher level, the level of marketization has a small positive impact on the financial performance of rural commercial banks. In the process of promoting the improvement of the social performance of rural commercial banks, a long cumulative process is needed in the process of promoting the social performance of rural commercial banks. In this cumulative process, the degree of marketization has a stealth cumulative effect on the social performance of rural commercial banks, and the degree of marketization can accelerate the promotion of the social performance of the village commercial bank when crossing the economic accumulative threshold. In the process of improving the social performance of rural commercial banks, the government plays a restrictive role in improving the social performance of rural commercial banks. But with the improvement of marketization, this restriction will be reduced.
作者
孙倩
王文莉
SUN Qian;WANG Wen-li
出处
《经济论坛》
2019年第10期93-105,共13页
Economic Forum
基金
陕西省哲学社会科学重点项目“外部治理视角下陕西省农村信用社服务能力提升研究”(17JZ055)
关键词
市场化
政府作用
农村商业银行
绩效
门槛效应
Marketization degree
Government function
Rural commercial banks
Performance
Threshold effect
