【作者】 刘宁；

【导师】 奚振斐；

【作者基本信息】 西安电子科技大学 ， 金融学， 2009， 硕士

【摘要】 20世纪末期,随着金融创新的不断出现以及全球金融市场一体化进程的逐渐加快,混业经营逐渐成为世界金融业经营体制发展的主流。入世以后,我国的金融业正面临着严峻的挑战。面对金融业混业经营的国际潮流,我国金融业是否要进行混业经营,以何种方式进行混业经营都是值得抓紧研究和深入思考的重大问题。本文首先从金融混业经营概念出发,介绍了金融混业经营的微观组织模式,包括美国的金融控股公司和德国的全能银行组织模式。然后利用成本交易理论和协同效应理论探讨混业经营模式,重点对金融控股公司这一模式进行了效率分析,以及探讨了它是如何变迁路径的。最后利用层次分析法分析了金融控股公司的风险以及对我国金融控股公司风险的内部控制机制和外部监管提出了建议。本文采用了比较分析法、实证分析法、案例分析法等分析方法,并适当运用了一定的数理模型,试图回答以下四个问题:第一,为什么混业经营具有更高的效率,它的理论根据在哪;第二,各国在金融实践中是如何实现混业经营的,采取了什么样的组织形式;第三,我国的金融业应当如何适应国际上的混业趋势;第四,我国应该如何应对金融控股公司这种模式的风险。从这四个问题出发,构建了本文的基本的逻辑架构。更多还原

【Abstract】 In the last decades of 20th century, with the development of finance innovation and the progress of globalization, the mixed operation of finance has become the trend of international financial industry. After China entering the WTO, its financial institutions were faced with severe challenges. Faced with the trend of mixed operation of finance, whether our financial system should take on mixed operation of finance and what pattern should we use are very important questions that deserve deep research.First of all, the paper start’s with the definition of mixed operation of finance. It explains Micro organizational model of mixed operation of finance, including financial holding company of America and universal bank of German. Than I use the Transaction Cost Theory and Synergistic Effect Theory to discuss mixed operation of finance. Focus the efficiency analysis on the financial holding company and discusses it how to change the way of mixed operation of finance. At last, the paper use analytic hierarchy process (AHP) to analyze the risk of financial holding company and proposes suggestions on the internal control mechanism and external supervision mechanism.The paper adopts method of comparative analysis, empirical analysis, case analysis and some math models to answer the following four questions: firstly, why mix operation has higher efficiency? Secondly, how other countries achieve mix operation? And what type of organization do they adopt? Thirdly, how our country’s financial industry fit the international trend of mix operation? Fourthly how we deal with the risk of financial holding company. From the four questions raised above, the paper builds basic logical architecture.更多还原