西安交通大学学报：社会科学版
西安交通大學學報：社會科學版
서안교통대학학보：사회과학판
Journal of Xi'an Jiaotong University(Social Sciences)
2009年
1期
12~17
,共null页
商业银行 股东价值效率 超越对数成本函数 EVA
商業銀行 股東價值效率 超越對數成本函數 EVA
상업은행 고동개치효솔 초월대수성본함수 EVA
commercial banks; shareholder value efficiency; translog cost function; EVA （economic value added）
引入EVA指标，构建出超越对数函数的paneldata模型，对中国主要商业银行1998—2004年间的股东价值效率进行测度，结果表明：从整体上看，样本期问股东价值效率平均损失1／3，但呈现改进趋势；就所有制特征分类来看，国有商业银行的股东价值效率水平明显低于股份制商业银行，但在演进过程中两者的差距正在逐渐缩小；虽然未上市商业银行的股东价值效率水平普遍低于上市银行，但未上市商业银行的股东价值效率年增长幅度略大于上市商业银行。
引入EVA指標，構建齣超越對數函數的paneldata模型，對中國主要商業銀行1998—2004年間的股東價值效率進行測度，結果錶明：從整體上看，樣本期問股東價值效率平均損失1／3，但呈現改進趨勢；就所有製特徵分類來看，國有商業銀行的股東價值效率水平明顯低于股份製商業銀行，但在縯進過程中兩者的差距正在逐漸縮小；雖然未上市商業銀行的股東價值效率水平普遍低于上市銀行，但未上市商業銀行的股東價值效率年增長幅度略大于上市商業銀行。
인입EVA지표，구건출초월대수함수적paneldata모형，대중국주요상업은행1998—2004년간적고동개치효솔진행측도，결과표명：종정체상간，양본기문고동개치효솔평균손실1／3，단정현개진추세；취소유제특정분류래간，국유상업은행적고동개치효솔수평명현저우고빈제상업은행，단재연진과정중량자적차거정재축점축소；수연미상시상업은행적고동개치효솔수평보편저우상시은행，단미상시상업은행적고동개치효솔년증장폭도략대우상시상업은행。
By using the EVA index, and the panel data model of translog cost function, the shareholder value efficiency of twelve commercial banks from 1998 to 2004 was measured. The results show that as a whole, there is an average loss of 1/3 of the shareholder value efficiency during the sample period but an improving tendency is demonstrated. Viewing from the ownership characteristics classification, the level of the shareholder value efficiency of the state-owned commercial banks is apparently lower than the joint stock commercial banks. But the gap between the two is being narrowed gradually in the course of development. While the level of the shareholder value efficiency of the non-listed commercial banks is generally lower than the listed commercial banks, the annual growth rate of the shareholder value efficiency of the non-listed commercial banks is slightly greater than the listed commercial banks.
