CAJ | 학술논문

我国正在推进利率市场化改革，需要对于商业银行股权多元化和发行上市的成效进行总结。本文采用主成分分析法构建了我国上市银行的综合绩效指标体系，然后实证分析了股权结构对于银行综合绩效等指标的影响。在面板数据分析中，我们发现我国上市银行的综合绩效不断提高，坏账比例逐年下降，净资产收益率有所提高。同时，我们进而发现，股权集中度与我国上市银行综合绩效呈倒U型曲线关系；我国上市银行中，传统国有银行比股份制银行绩效要差；海外上市对我国银行绩效有推动提升作用。我们认为，我国金融改革需要进一步优化我国商业银行的股权结构。
아국정재추진리솔시장화개혁，수요대우상업은행고권다원화화발행상시적성효진행총결。본문채용주성분분석법구건료아국상시은행적종합적효지표체계，연후실증분석료고권결구대우은행종합적효등지표적영향。재면판수거분석중，아문발현아국상시은행적종합적효불단제고，배장비례축년하강，정자산수익솔유소제고。동시，아문진이발현，고권집중도여아국상시은행종합적효정도U형곡선관계；아국상시은행중，전통국유은행비고빈제은행적효요차；해외상시대아국은행적효유추동제승작용。아문인위，아국금융개혁수요진일보우화아국상업은행적고권결구。
Given the recent progress of the interest marketization in China, it is inneed toexamine whether and how ownership diversification of banks work in China. We constructthe comprehensive indicator of performance with the principal component approach and thenexamine the panel data of all the banks publicly listed in the Chinese stock market. We findthat the bank performances keep increasing and the bad loan ratios keep decreasing afterownership diversification and public listing. We further find that there are an inverted U-shaped relationship between ownership concentration and the bank performance, that thebanks with the state as the controlling shareholder perform worse and that the oversea publiclisting improves bank performance. It needs to deepen its financial reform with optimizingthe shareholding structures of the Chinese banks.