頁籤選單縮合
題 名 | 市場集中度對銀行效率的非線性效應分析=Analysis on the Nonlinear Effect of Market Concentration on Bank Efficiency |
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作 者 | 師俊國; 任俊宇; | 書刊名 | 兩岸金融季刊 |
卷 期 | 4:1 2016.03[民105.03] |
頁 次 | 頁61-82 |
分類號 | 562.29 |
關鍵詞 | 市場集中度; 銀行效率; 非線性效應; Market concentration; Bank efficiency; Nonlinear effect; Panel smooth transition regression model; PSTR; |
語 文 | 中文(Chinese) |
中文摘要 | 本文探討中國大陸銀行業的市場集中度對銀行效率的非線性效果,以中國大陸2008 年至 2015 年16 家上市商業銀行的面板資料為樣本,並採用面板平滑轉換模型,以市場集中度為轉換 變數,以期更加細緻刻畫變數之間的非線性關係。本文發現:市場集中度對銀行成本效率和利潤 效率的影響在門檻值附近都會發生平滑轉化,由正向逐步轉換為負向;門檻值之後,市場集中度 會加重銀行規模對銀行效率的促進作用,但會使得銀行風險對銀行效率的影響由正轉負。亦即, 在門檻值之前,監管部門應當採取適當措施加強銀行業的市場集中度以提高效率,但矛盾的是, 在門檻值之後,如果還是增強銀行業市場集中度,在享有規模經濟帶來的利益同時,也會損害銀 行業的效率。本文的研究結果印證了以前學者的立論,也加深了我們對於市場集中度對銀行效率 影響變化的認識,提供了研究兩者之間關係的新視角,並為銀行監管部門提供了決策參考。 |
英文摘要 | This paper studies the nonlinear effect of market concentration on bank efficiency. Based on the panel data of 16 listed commercial banks in China from 2008 to 2015 with panel smooth transition regression model, the transition variable of which is market concentration, this paper studies the nonlinear effect of market concentration on bank efficiency. Results show that the influencing threshold values of market concentration on bank cost efficiency and bank profit efficiency are 0.65 and 0.64, which will transform smoothly from increasing to decreasing near the threshold value. Besides, market concentration will accelerate the positive effect of bank scale on bank efficiency and push the influence of bank risk on bank efficiency from positive to negative. That is, bank regulators should strengthen the market concentration of banking industry to improve its efficiency before the threshold value. However, if the regulators continue strengthening banking industry’s efficiency after the threshold value, it may damage the banking industry’s efficiency besides the scale economy effect. To some extent, our findings confirm the previous conclusions, and deepen the knowledge on the changing influence of market concentration on bank efficiency, which provides a new view to treat the relationship between them and provides some theoretical bases for bank regulators. |
本系統中英文摘要資訊取自各篇刊載內容。