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论文编号：	6138
作者编号：	2120122644
上传时间：	2014/6/1 11:35:05
中文题目：	引入境外战略投资者 是否提升了商业银行的金融创新能力
英文题目：	Could Foreign Strategic Investors Enhance The Financial Innovation Ability of Commercial Banks in China?
指导老师：	武立东
中文关键字：	商业银行；境外战略投资者；金融创新；风险控制
英文关键字：	Commercial banks;Foreign strategic investors;Financial innovation,;Risk control
中文摘要：	2005年-2006年左右，我国商业银行进入改革的攻坚期，银行面临着资本充足率较低、金融产品单一化、电子银行方兴未艾、风险控制体系尚未健全等挑战。在此时代背景下，银监会等部门出台政策鼓励商业银行引入合格的境外战略投资者，期望“以股权换技术、换管理、换机制”以达到“引质”、“引智”与“引制”的目的。近十年过去了，虽然关于我国商业银行战略引资效果的争议不断，但从境外战略投资者与金融创新能力角度的研究却相对不足，本文试图弥补此方面的不足。 本文综合运用规范分析与实证检验的方法，使用统计计量的分析工具，实证分析引入境外战略投资者能否显著提高我国商业银行的金融创新能力，并尝试探讨境外战略投资者扮演的角色与影响机制。 首先，本文就“境外战略投资者”、“金融创新能力”予以界定，对现有文献予以归纳及评述。在此基础上，一方面探讨引入境外战略投资者对商业银行的影响效应及特殊动因，强调“引质”、“引智”与“引制”的根本原因。一方面，介绍境外战略投资者提高金融创新能力的机制与途径。其次，针对本文核心探讨的问题，从横向比较与纵向比较两方面，提出两条主要假设，并定义变量、构建回归模型。再利用88家商业银行（44家引资银行）的样本数据，通过描述性统计、回归分析、稳健性检验，实证表明：引入境外战略投资者后，我国商业银行的金融产品服务创新能力、金融技术水平创新能力与金融风险控制创新能力显著提高，达到政府预期的战略引资初衷；与未引资银行相比，引资银行的金融产品服务创新能力、金融风险控制能力显著较高，而金融技术水平并无显著差异。最后，针对实证检验结果予以简要分析与总结，并得出相应的启示与建议，讨论下一步研究的思路与方向。 本文的研究结论在学术研究层面，对评价引入境外战略投资者的作用与效果具有一定的指导意义；在现实指导方面，对探索我国商业银行的改革开放提供有价值的参考依据。
英文摘要：	About 2005 to 2006 , China's commercial banks entered a crucial stage of reform, banks face lower capital adequacy ratio , a single financial products , electronic banking in the ascendant , risk control system is not fully developed and so the challenge. Under this background, the China Banking Regulatory Commission and other departments to introduce policies to encourage commercial banks to introduce qualified overseas strategic investors expect " equity for technology , change management , change mechanism " to achieve " lead quality" , " talent recruitment " and " lead system "purposes. Nearly a decade later, although the controversy about the effect of China's commercial banks continue to attract investment strategy , but the study of foreign strategic investors and financial innovation , but the relative lack of perspective , this article tries to make up for deficiencies in this regard . Integrated use of standardized test methods and empirical analysis in this article , use the analytical tools of statistical measurement , the empirical analysis of the introduction of foreign strategic investors can significantly improve the ability of financial innovation, China's commercial banks and foreign strategic investors attempt to explore the role and impact mechanism . Firstly, on the " foreign strategic investor" , " financial innovation " to be defined , to be summarized and comments on the existing literature . On this basis , on the one hand to explore the introduction of foreign strategic investors Effects on commercial banks and special motivation , stressing that " lead quality" , " talent recruitment " and " lead system" root causes. On the one hand , introduce foreign strategic investors to improve the ability of financial innovation mechanisms and pathways . Secondly, this paper discuss the core issues , from the horizontal and vertical comparison comparison between proposed two key assumptions , and define the variables to build regression model. Reuse of 88 commercial banks ( 44 banks to attract investment ) sample data through descriptive statistics , regression analysis, robustness testing, evidence shows : the introduction of foreign strategic investors, financial product and service innovation capability of China's commercial banks , financial technology level of innovation capacity and financial risk control innovation capacity significantly increased , the government is expected to achieve the strategic intention to attract investment ; compared with non attract investment banking, financial products and services innovation, financial risk control ability to attract investment bank was significantly higher, while no financial technical level significant differences. Finally , be brief and summary for the empirical analysis of the test results , and draw the appropriate inspiration and suggestions , ideas and discuss the direction of future research . Conclusions of this study in the academic research level, the evaluation of the role and effect of the introduction of foreign strategic investors have certain significance ; guidance in reality , the exploration of reform and opening up China's commercial banks provide a valuable reference.
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