【作者】 刘艳；

【导师】 纪建悦；

【作者基本信息】 中国海洋大学 ， 金融学， 2009， 硕士

【摘要】 随着经济全球化和一体化的加快,国际金融市场得到迅速的扩张,越来越多的国际金融集团通过不断地并购重组,以增强自己的市场份额和整体实力。并购重组不仅使这些银行扩大了经营规模,并且对防范金融风险也有重要的作用。自2006年底开始,我国逐步开放了金融市场。我国的商业银行不仅面临国内商业银行的竞争,并且还要面对国外实力雄厚的商业银行的挑战。中国的商业银行为了分散风险和提高自身的实力,也开始加快了并购重组的步伐。为了研究我国商业银行并购重组是否能够带来效率的提高,本文选取了四家样本银行,分别采用财务比率分析方法和数据包络分析方法对其进行评价研究。文章首先对商业银行并购重组的相关概念做了界定,同时对银行并购重组的动机和我国商业银行并购重组的现状进行了分析。其次,对银行并购重组的研究方法进行了综述,并针对并购重组的不同目的,提出了选择评价方法的标准。然后,采用财务比率分析法和数据包络分析法对所选的样本银行进行了实证研究,得到结论:样本银行在并购重组完成后,利润效率会有所下降,但是经过一段时间的调整后会得到恢复。技术效率从横向上分析,普遍处于提高或者不变的状态。最后,针对我国商业银行并购重组的现状,提出了分别从银行内部和外部提高商业银行并购重组效率的途径。本文在用DEA方法研究的过程中,不仅从纵向上对样本银行的技术效率进行了测评,而且从横向上对其进行了研究分析。采用定性和定量相结合的分析方法,为以后的研究提供了一定的借鉴意义,也对我国商业银行实施并购重组具有重要的指导意义。更多还原

【Abstract】 With the acceleration of economy globalization and integration, the international financial market expands rapidly. More and more international financial groups are undertaking continuous mergers and restructuring so as to increase their market shares and enhance their overall strength. By merger and restructuring, these banks not only expand their scale of operation but also enhance their capacity to guard against financial risks. Since the gradual financial market openness at the end of 2006, China’s commercial banks have been confronted with furious competitions from not only domestic commercial banks but also foreign ones of enormous potentiality. Chinese commercial banks have sped up their pace of merger and restructuring so as to diversify risks and enhance competing capacity. In order to study whether the merger and restructuring can bring about efficiency, this thesis selects four banks as the sample and evaluates their efficiency by financial ratio analysis and data envelopment analysis (DEA) respectively.This article first defines the merger and restructuring of commercial banks and analyzes their restructuring motivations. The status quo in merger and restructuring of China’s commercial banks is also demonstrated in this part. Secondly, different research methods on merge and restructuring are reviewed and the criteria to select evaluating methods are proposed according to different purposes in merger and restructuring. Then, applying financial ratio analysis and DEA, the empirical research is conducted on the sample banks. The thesis concludes that their profit efficiency will decrease after the immediate fulfillment of merger and restructuring and will be restored after a period of adjustment and that their technical efficiency will be improved or kept still by cross-section analysis. Finally, reasonable and comprehensive measures are proposed to promote the merger and restructuring efficiency of our commercial banks both internally and externally.During the course of DEA analysis, the technical efficiency of sample banks is not only evaluated by longitudinal analysis but also analyzed by cross-section analysis. Applying qualitative and quantitative analytical methods, this thesis provides references for future researches and is of guiding significance for the implementation of merger and restructuring in China’s commercial banks.更多还原