【作者】 陈科；

【导师】 宋增基；

【作者基本信息】 重庆大学 ， 金融学， 2009， 硕士

【摘要】 改革开放三十年来我国金融体制改革和商业银行制度改革发生了巨大的变化,随着对国外金融机构逐步开放国内市场大幕的拉启,中国金融业正在积极又审慎的进行着自身的变革,中国城市商业银行就是其中之一。在这种具有特殊背景、特殊地位和特殊定位的情况下,客观上就必然要求其存在、发展和壮大。要提升城市商业银行的整体实力,引入战略投资者——特别是境外战略投资者——是一种非常有效的机制。从技术路径来看:①通过对城市商业银行引入境外战略投资者理论分析,表明境外战略投资者是帮助城市商业银行进行改革的最好的外力,并且引入境外战略投资者是可行的。②通过对境外战略投资者参与城市商业银行内部治理影响其绩效原理的分析,表明境外战略投资者会通过股权结构、董事会、监事会和高级管理层四方面的内部治理因素来影响和改善城市商业银行的内部治理,从而提升城市商业银行的绩效和整体竞争力。③通过对境外战略投资者参与城市商业银行外部治理影响其绩效原理的分析,表明境外战略投资者会通过资本市场、产品市场和债权人市场三方面的外部治理因素来影响和改善城市商业银行的外部治理,从而提升城市商业银行的绩效和整体竞争力。从实证研究来看:用截止2007年末已引入境外战略投资者,并且能获取年度报表的八家城市商业银行为研究对象,运用公司治理理论的分析思路和方法,从两个角度来深入探讨境外战略投资者进入城市商业银行后,由银行公司治理的改变对银行绩效及其整体竞争力的影响:第一,以选取的八家城市商业银行年度报告的数据为基础,遴选出基于FSIs的治理指标与CCBs的绩效、安全性指标进行回归分析,得出引入境外战略投资者后城市商业银行各治理指标与其绩效、安全性的关系;第二,同样以上述八家城市商业银行年度报告的数据为基础,在遴选出基于境外战略投资者的治理指标的基础之上,再遴选出关于城市商业银行的规模与安全性、盈利能力和成长性指标,将城市商业银行引入境外战略投资者前后的这些特征指标进行T检验,得出引入境外战略投资者后城市商业银行的各个特征指标的发展趋势。经过分析后得出:中国城市商业银行引入境外战略投资者后其内部治理因素得到明显改善,从而对其绩效和整体竞争力水平都有一定帮助,但是对于外部治理因素影响还不大。然后提出政府机构、城市商业银行等各方面应该在宏观和微观方面做出改进。更多还原

【Abstract】 The reforming of China’s financial system and commercial banks system have changed dramatically in the three decades of reforming and opening up, with foreign financial institutions opening up and the domestic market gradually pulling up the curtain, China’s financial industry is positive and prudent to carry out its own changes Chinese city commercial banks are also in them. In such a special background, special status and special positioning, the objective on an inevitable requirement for its existence, develop and expand.In order to raising the city commercial banks’overall strength, the introduction of strategic investors - especially foreign strategic investors - is a very effective mechanism.Path from a technical point of view: Firstly, the analysis of advantage theoretical of city commercial banks which have introduced foreign strategic investors shows that foreign strategic investors is the best force to help the city commercial banks reforming and leading into foreign strategic investors, moreover this is feasible. secondly, the analysis of foreign strategic investors participating in city commercial banks in internal governance that affect their performance shows that foreign strategic investors will influence and improve the city commercial bank’s internal governance through the ownership structure, board of directors, board of supervisors and senior management of the four aspects of internal governance factors, so as to enhance the city commercial bank performance and overall competitiveness. Finally, the analysis of foreign strategic investors participating in city commercial banks to the impact of external governance principles indicate that foreign strategic investors influence and improve commercial city external governance of banks through the capital market, product market and the three aspects of the creditor market external governance factors, so as to enhance the performance and overall competitiveness.Judging from the empirical studies: Using the eight city commercial banks which has been led into foreign strategic investors and gotten the annual Report as the research object, with the corporate governance theory and methods, after from two perspective to depth discuss foreign strategic investors entering the city commercial banks, by the banks corporate governance changes on bank performance and overall competitiveness of the impact of: First, selecting the eight city commercial banks in the annual report based on data, the selection based on FSIS’s governance indicators and the performance of CCBs, security indicators in regression analysis, obtained after the introduction of foreign strategic investors, city commercial banks governance indicators and their performance, security relations; Secondly, the same to the above-mentioned eight city commercial banks in the annual report based on data, in the selection of foreign strategic investors based on governance indicators based on, and then selected on the town scale commercial banks and security, profitability and growth indicators, the city commercial bank to introduce foreign strategic investors before and after the indicators of these characteristics T test, drawn after the introduction of foreign strategic investors in all city commercial banks characteristic index trends.Through the analysis it comes: Chinese city commercial banks have markedly improved after the introduction of foreign strategic investors in its internal governance factors, and then performs it is helpful for the performance and overall competitiveness level, but for the external governance factors it is not obviously. And then proposes that the Government agencies, such as city commercial banks should improve it from macro and micro aspects.更多还原