中国流通经济
中國流通經濟
중국류통경제
China Business and Market
2012年
9期
123~127
,共null页
两地上市银行 信息不对称 投资者关系管理
兩地上市銀行 信息不對稱 投資者關繫管理
량지상시은행 신식불대칭 투자자관계관리
dual-listed banks; information asymmetry; investor relationship management
2011年我国银行业获得较高的利润率水平,但在H股市场上我国银行股却因受国际金融危机影响表现不佳,如何提高银行与投资者间的信息对称水平,使股价表现银行真实的经营状况,是我国两地上市银行管理者关心的重要问题。本文从投资者关系管理入手,分析各类投资者对银行公开信息的需求差异,并以此为依据确定银行信息公布和投资者关系管理模式。理论上通过分析中外投资者信息需求的特点,拓展了投资者关系管理的研究领域;实践上为我国两地上市银行提高投资者关系管理水平,改善我国银行在H股市场上的表现,提出了具体的解决方案。
2011年我國銀行業穫得較高的利潤率水平,但在H股市場上我國銀行股卻因受國際金融危機影響錶現不佳,如何提高銀行與投資者間的信息對稱水平,使股價錶現銀行真實的經營狀況,是我國兩地上市銀行管理者關心的重要問題。本文從投資者關繫管理入手,分析各類投資者對銀行公開信息的需求差異,併以此為依據確定銀行信息公佈和投資者關繫管理模式。理論上通過分析中外投資者信息需求的特點,拓展瞭投資者關繫管理的研究領域;實踐上為我國兩地上市銀行提高投資者關繫管理水平,改善我國銀行在H股市場上的錶現,提齣瞭具體的解決方案。
2011년아국은행업획득교고적리윤솔수평,단재H고시장상아국은행고각인수국제금융위궤영향표현불가,여하제고은행여투자자간적신식대칭수평,사고개표현은행진실적경영상황,시아국량지상시은행관리자관심적중요문제。본문종투자자관계관리입수,분석각류투자자대은행공개신식적수구차이,병이차위의거학정은행신식공포화투자자관계관리모식。이론상통과분석중외투자자신식수구적특점,탁전료투자자관계관리적연구영역;실천상위아국량지상시은행제고투자자관계관리수평,개선아국은행재H고시장상적표현,제출료구체적해결방안。
Domestic banking industry acquired high profit margin in 2001, however the stock price of H shares had bad performance due to the international financial crisis. How to improve the symmetric level between banks and investors to make stock price reflect the true value of banks has drawn great concern among executives of domestic listed banks. Based on the investor relationship management, the difference in demands of public information among different groups of investors is analyzed to establish the management mode of information disclosure and investor relationship. With the help of theoretical analysis on the characteristics of information demand of investors at home and abroad, the research field of investor relationship management is expanded. Besides, some specific solutions are also provided to improve investor relationship management level and the performance of H shares of domestic banks.