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竞争政策与商业银行竞争力——基于《反垄断法》实施的准自然实验

Competition Policy and Commercial Banks’ Competitiveness——A Quasi-Natural Experiment Based on the Implementation of the Anti-Monopoly Law

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【作者】 余升国杨鹏辉金军

【Author】 YU Shengguo;YANG Penghui;JIN Jun;School of Economics, Hainan University;School of Economics, Shandong University;

【机构】 海南大学经济学院山东大学经济学院

【摘要】 本文基于2007—2021年36家中国商业银行的年度数据,采用熵值法对商业银行竞争力进行量化评估,并运用固定效应模型和双重差分方法分析了《反垄断法》的实施对商业银行竞争力的影响。固定效应模型结果表明,《反垄断法》的实施对商业银行总体竞争力的影响存在不确定性;从银行类型来看,《反垄断法》的实施对国有商业银行和城市商业银行竞争力的影响并不显著,对股份制商业银行竞争力的影响显著为负,对农村商业银行竞争力的影响则显著为正。进一步使用双重差分法分析发现,《反垄断法》的实施对国有商业银行竞争力具有显著的抑制作用。上述结论为《反垄断法》的实施以及中国商业银行的未来发展提供了一些新的启示。

【Abstract】 Based on the annual data of 36 Chinese commercial banks from 2007-2021, this paper quantitatively assesses the competitiveness of commercial banks using the entropy method and analyzes the impact of the implementation of the Anti-monopoly Law on the competitiveness of commercial banks using the fixed-effects model and the differences-in-differences method.The results indicate that there is uncertainty about the impact of the implementation of the Anti-monopoly Law on the overall competitiveness of commercial banks. By distinguishing the type of banks, the impact of the implementation of the Antimonopoly Law on the competitiveness of state-owned banks and urban commercial banks are not significant, the impact on the competitiveness of joint-stock commercial banks is significantly negative, and the impact on the competitiveness of rural commercial banks is significantly positive. Further analysis using the differences-in-differences method found that the implementation of the Anti-monopoly Law has a significant inhibitory effect on the competitiveness of state-owned commercial banks. The above findings provide some new insights into the implementation of the Anti-monopoly Law and the future development of Chinese commercial banks.

【基金】 海南省社会科学重大基金项目“中国特色自由贸易港探索过程中服务贸易开放模式及路径”(HNSK(ZD)19-106);海南省自然科学基金项目“碳中和背景下中国式政府主导型治污模式——理论与实证”(722MS044);海南省研究生创新科研课题“海南离岛免税政策对旅游业发展的影响:基于合成控制法的研究”(QHYS2021-124)
  • 【文献出处】 咨询与决策 ,Journal of Consultation and Decision , 编辑部邮箱 ,2022年04期
  • 【分类号】F832.33;D922.294
  • 【下载频次】7
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