新型城镇化与金融创新
曹凤岐 (3)
New Type of Urbanization and Financial Innovation
CAO Feng-qi (3)
商业银行社会责任与现金股利政策
周钰颖 林 川 (7)
The Social Responsibility of Commercial Banks and the Cash Dividend Policy
ZHOU Yu-ying LIN Chuan (7)
商业银行社会责任与财务绩效
孙红梅 王 雪 (13)
The Social Responsibility of Commercial Banks and Financial Performance
SUN Hong-mei WANG Xue (13)
商业银行支行行长1+N胜任力模型研究
黄勋敬 赵曙明（19）
A Study of the 1+N Competency Model of Commercial Bank’s Sub-Branch Governor
HUANG Xun-jing ZHAO Shu-ming (19)
城市商业银行行长胜任力模型研究
王义华 苏文娟 (28)
A Study of the Competency Model of City Commercial Bank’s Governor
WANG Yi-hua SU Wen-juan (28)
中国银行业非利息收入影响因素比较分析
朱卫东 陈 龙 (34)
A Comparative Analysis of the Factors to Impact the Non-Interest Income of Chinese Banks
ZHU Wei-dong CHEN Long (34)
利率变动、影子银行与中小企业融资
龙建成 樊晓静 张 雄 (40)
Changes in Interest Rate, Shadow Banking and SME Financing
LONG Jian-cheng FAN Xiao-jing ZHANG Xiong (40)
业绩波动、两权分离度与银行信贷资源配置
陈国辉 范火盈 (46)
Earnings Fluctuation, Two-Right-Separation Level and the Allocation of Bank Credit Resource
CHEN Guo-hui FAN Huo-ying (46)
银行衍生品的信贷扩张效应研究
斯 文 (54)
A Study of the Credit Expansion Effects of Bank Derivatives
SI Wen (54)
银行业竞争与货币政策调控效果——一个自然实验框架下的分析
杜建华 (62)
Banking Competition and the Regulation Effects of Monetary Policy—— An Analysis in the Framework of Natural Experiment
DU Jian-hua (62)
商业银行分支机构企业网银业务发展研究
苟红军 陈 迅 桂 柱 (70)
A Study of the Development of the Corporate Internet Banking Business of Commercial Bank’s Branches
GOU Hong-jun CHEN Xun GUI Zhu (70)
“城镇化建设与地方政府债务风险防范”研讨会发言摘要 (76)
The Summary of the Speeches at the Seminar “The Urbanization Construction and the Prevention of the Debt Risks of Local Government” (76)
新型城镇化与金融创新
曹凤岐
［摘 要］ 城镇化需要大量资金投入。解决城镇化的资金需求最重要的是建立完善的财政金融支持和保障体系，这就要增加地方财政收入，允许地方政府多渠道筹资，发展县域经济，增加县域经济实力，增加县级财政收入，充分利用政策性金融、资本市场和社会资本为城镇化服务，开展资产证券化。同时，设立基础设施产业投资基金，发展城市信托、房地产信托，吸引民间资本进入城市基础设施、商品房和保障房的建设。此外，还必须发挥商业银行和其他中小金融机构的作用，依靠银行中长期贷款、短期贷款、小额信贷和其他金融服务，解决中小微企业融资难问题及农业生产、创业、就业问题。
［关键词］ 新型城镇化；财政政策；政策性金融；商业银行；信托
［Abstract］ The urbanization requires a lot of money. The most important way to solve the problem of the money for urbanization is to build perfect financial support and guarantee systems. It needs to increase local fiscal revenue, allow local government to finance in multiple channels, develop county economy, raise the strength of county economy, increase county fiscal revenue, make full use of policy finance, capital markets and social capitals in urbanization, develop asset securitization，set up investment funds for infrastructure industry, develop city trust and real estate trust, promote private capitals into the construction of urban infrastructure, commercial housing and affordable housing. It is necessary to make use of the function of commercial bank and other financial institutions, rely on short-, medium- and long-term loans, microfinance and other financial services to solve SME’s difficulties in financing and the problems of agricultural production, entrepreneurship, employment.
［Key words］ new type of urbanization; fiscal policy; policy finance; commercial bank; trust
商业银行社会责任与现金股利政策
周钰颖 林 川
［摘 要］ 本文基于“成本收益说”与“股东责任说”，利用2007~2011年间中国上市商业银行样本数据，实证检验了商业银行社会责任履行与现金股利政策间的关系。研究发现，商业银行社会责任履行与现金股利政策的关系可以用“股东责任说”解释，商业银行的每股社会责任贡献率越高，现金股利分配倾向与分配力度也就越高，同时商业银行的社会责任经济贡献率越高，现金股利分配倾向与分配力度也越高。也就是说，商业银行在履行社会责任的同时，会更加注重对股东责任的实现，会以现金股利的形式回报股东，满足股东的需要。
［关键词］ 商业银行；社会责任；现金股利政策；成本收益说；股东责任说
［Abstract］ Based on the“cost-profit” hypothesis, “responsibility to shareholder” hypothesis and the data of the Chinese listed commercial banks during 2007~2011, this paper empirically tests the relationship between the social responsibility fulfillment of commercial banks and the cash dividend policy. It’s found that the the relationship can be explained by “responsibility to shareholders”. The more the social contribution of per share is, the greater the tendency and quantity of cash dividend distribution; meanwhile, the more the economic contribution of the social responsibility of commercial banks is, the greater the tendency and quantity of cash dividend distribution. It means that commercial banks pay more attention to the fulfillment of the responsibility to shareholders, return shareholders, and meet the shareholders’ needs in the form of cash dividend at the same time they fulfill social responsibility.
［Key words］ commercial bank; social responsibility; cash dividend policy; cost-profit hypothesis; responsibility to shareholder hypothesis
商业银行社会责任与财务绩效
孙红梅 王 雪
［摘 要］ 本文以2006~2012年第三季度中国16家上市银行数据为样本，通过误差修正模型、面板单位根检验、面板协整检验，基于利益相关者视角实证研究商业银行社会责任与财务绩效之间的关系。研究表明：各利益相关者如股东、债权人、员工、政府、管理层及社会大众与商业银行的财务绩效之间存在长期或短期的影响关系，其中员工关系是短期相关关系，其他关系是长期相关关系。商业银行必须切实履行社会责任，重视利益相关者的利益，无论是具有长期相关关系的债权人、股东、管理层、政府及社会大众，还是具有短期相关关系的企业员工，都是商业银行财务绩效提升的根本保证。
［关键词］ 商业银行；财务绩效；利益相关者关系；社会责任
［Abstract］ The third quarter’s data of China’s 16 listed banks during 2006~2012 are used as samples in this paper. By the error correction model, the unit root test and cointegration test of panel data, the paper empirically researches the relationship between the social responsibility of commercial banks and the financial performance from the perspective of stakeholder. The results show that there is a long-term or short-term relationship between financial performance and various stakeholders, such as shareholders, creditors, employees, government, management and the public. The performance-employee relationship is a short-term one and others are long-term ones. Commercial banks should fulfill their own social responsibilities. Both the long-term relationship stakeholders, creditors, management, government and the public, and the short-term relationship stakeholders, employees, are the fundamental guarantee of commercial banks to improve financial performance.
［Key words］ commercial bank; financial performance; stakeholder relationship; social responsibility
商业银行支行行长1+N胜任力模型研究
黄勋敬 赵曙明
［摘 要］ 本研究根据商业银行分层次管理现状，研究商业银行支行行长岗位的特殊素质要求。通过行为事件访谈法、焦点访谈法、问卷调查以及多元统计分析方法对商业银行支行行长的胜任力模型（软实力模型）进行系统研究。研究结果表明，商业银行支行行长的素质要求包括1＋N两部分：“1”即商业银行行长通用（共性）素质要求，包括诚信自律、客户导向、风险管理、事业激情和团队管理；“N”即作为一级支行行长特殊素质要求，包括市场洞察、高效执行、经营意识和关系建立。运用支行行长“1+N”领导力模型有助于提升银行支行行长的整体素质。
［关键词］ 商业银行行长；胜任力模型；软实力模型；领导力模型
［Abstract］ Based on a series studies of the competency model of commercial bank governor, this paper researches the special quality requirements for commercial bank’s sub-branch governor according to the situation of the hierarchical management of commercial banks. By behavior event interview, focus interview, questionnaire survey and multivariate statistical analysis method, the paper systematically researches the competency model (soft power model) of commercial bank’s sub-branch governor. The results show that the quality requirements for commercial bank’s sub-branch governor include two parts, i.e. 1+N. The “1” represents general(common) quality requirements for commercial bank governors, which include credibility self-discipline, customer orientation, risk management, career passion and team management.The “N” represents special quality requirements for the first level sub-branch governor, which include market insight, efficient execution, management consciousness and relationship building. The use of the 1+N model will help the improvement in the overall quality of commercial bank’s sub-branch governors.
［Key words］ commercial bank governor; competency model; soft power model; leadership model
城市商业银行行长胜任力模型研究
王义华 苏文娟
［摘 要］ 本文从外部监管者的视角对城市商业银行行长胜任力模型进行研究。研究结果表明，城市商业银行行长胜任力模型包括三个维度，分别是：职业素质和操守胜任力、风险管理和内控胜任力、业务经营和管理胜任力。该模型的特点是：看重个人素质和职业操守；强调风险管理和内部控制；注重业务经营和管理能力。监管当局应当对银行推举的管理人员包括董事会成员的能力、品行和资历进行审查，在日常监管过程中要重视银行管理层的素质；应探索建立对城市商业银行行长履职期间的事中动态考核评价和监管体系，着重对行长的履职行为进行考核评价。
［关键词］ 城市商业银行；行长；胜任力模型；监管者
［Abstract］ This paper researches the competency model of city commercial bank governor from the perspective of external regulator. The results of the paper show that the competency model of city commercial bank governor includes criteria in three dimensions, i.e. professional ability & ethics competency, risk management & internal control competency, business operation & management competency. The model has the characteristics to lay emphasis on personal ability & professional ethics, risk management & internal control, business operation & management ability. Regulatory authorities should examine the abilities, character and qualification of the management, including members of the board of directors, recommended by the bank. The daily regulation should pay attention to the abilities of bank management. Regulatory authorities should explore to establish dynamic evaluation and supervision systems for the bank governor in holding-post period and emphasize the evaluation of the bank governor’s holding-post behaviors.
［Key words］ city commercial bank;bank governor; competency model; regulator
中国银行业非利息收入影响因素比较分析
朱卫东 陈 龙
［摘 要］ 本文采用16家商业银行1997~2011年的数据，实证分析商业银行非利息收入的影响因素，对比国有（控股）银行和股份制银行非利息收入影响因素的差异。研究结果表明：国有银行非利息收入占比高于股份制银行，国有银行中银行总资产、存款占比、净利息收益率、贷款损失准备金和净利息收入之比与非利息收入占比负相关，管理费用与非利息收入占比正相关。股份制银行中银行总资产、存款占比、净利息收益率与非利息收入占比负相关，贷款损失准备金与净利息收入、管理费用与非利息收入占比正相关。中国商业银行的非利息收入占比较低，还有较大的提升空间。
［关键词］ 商业银行；国有控股银行；股份制银行；非利息收入
［Abstract］ Based on the data of 16 commercial banks during 1997~2011, this paper empirically analyses the factors to impact the non-interest income of commercial banks, compare the differences in the factors of the state-holding banks and the joint-stock banks. The results of the paper show that the non-interest income ratio of the state-holding banks is higher than that of the joint-stock banks, and the total assets, deposit ratio, return of net interest rate, ratio of loan loss provision to net interest income of the state-holding banks are negatively related to the non-interest income ratio, the management fees are positively related to the non-interest income ratio. The non-interest income ratio of the Chinese banks is relatively low, and it has much room to be improved.
［Key words］ commercial bank; state-holding bank; joint-stock bank; non-interest income
利率变动、影子银行与中小企业融资
龙建成 樊晓静 张 雄
［摘 要］ 本文通过实证研究表明，利率上升会对影子银行的规模产生影响，而且影响的持续期较长；中小企业的发展对影子银行规模的冲击较小且持续期较短；影子银行的发展对中小企业以及利率的影响显著但持续期较短。回归分析也发现，影子银行与中小企业融资之间存在着正相关性，并且影子银行还通过影响短期贷款利率间接促进中小企业的发展。在我国中小企业直接融资渠道缺失的情况下，影子银行弥补了当前金融市场发展的不足，所以应适时鼓励和引导影子银行的发展；协调影子银行、短期贷款利率和中小企业融资之间的关系；加强对影子银行和中小企业的监管。
［关键词］ 影子银行；中小企业；中小企业融资；短期贷款利率
［Abstract］ The empirical study of this paper shows that the rise in interest rate will affect shadow banking size for long time, the development of small & medium-sized enterprises (SMEs) impacts shadow banking size slightly and the duration is short, and the development of shadow banking affects SMEs and interest rates significantly but the duration is short. The regression analysis also shows that there is a positive correlation between shadow banking and SME financing, and the shadow banking indirectly promote the development of SMEs by affecting short-term lending interest rate. Considering that SMEs lack direct financing channels in China, so the shadow banking has made up for the inadequacy of the development of the current financial markets, and it is necessary to encourage and guide the development of the shadow banking in time, coordinate the relationship between shadow banking, short-term lending interest rate and SME financing, strengthen the supervision of shadow banking and SMEs.
［Key words］ shadow banks; SME; SME financing; short-term lending interest rate
业绩波动、两权分离度与银行信贷资源配置
陈国辉 范火盈
［摘 要］ 本文以2007~2011年的A股上市公司为数据样本，采用面板数据回归模型，实证检验业绩波动、两权分离度和银行信贷资源配置之间的关系。研究结果表明，相对于国有企业，非国有企业在获得银行信贷资源方面与其业绩波动和两权分离度之间均存在显著负相关关系，而国有企业的银行信贷资源配置与这两种因素的相关性却不明显。这说明商业银行在面对非国有企业时，其信贷资源的配置效率更高，更加市场化；而面对国有企业时，其信贷资源的配置效率则有待进一步提高。为了改善商业银行信贷资源配置效率，必须提高中国金融体系的市场化程度。
［关键词］ 银行信贷；业绩波动；两权分离；公司治理
［Abstract］ Based on data of the A-share listed companies during 2007~2011 and panel data regression model, this paper empirically examines the relationship between earnings fluctuation, two-right-separation level and allocation of bank credit resource. The results of the paper show that, compared with the state-owned enterprise, non-state-owned enterprise’s obtaining bank credits is significantly and negatively related to its earnings fluctuation and two-right-separation level, but the state-owned enterprise doesn’t has such significant relationship. It is indicates the credits that commercial banks grant the non-state-owned enterprises is more efficient and more market-oriented in allocation, and the credits granted to the state-owned enterprises need to improve allocation efficiency. To improve the allocation efficiency of the credit resource of commercial banks, it is necessary to increase the marketization degree of China’s financial systems.
［Key words］ bank credit; earnings fluctuation; two-right-separation; corporate governance
银行衍生品的信贷扩张效应研究
斯 文
［摘 要］ 本文基于中国16家上市商业银行2006~2011年的数据进行实证研究，发现商业银行使用衍生品对其信贷扩张产生了显著的正效应，银行持有衍生品占总资产比重提高1%会正向拉动信贷增长率约0.13%。回归分析结果显示，该效应的发挥取决于银行特征变量尤其是资产规模变量，但是独立于信贷供需变量和货币政策变量。因此，商业银行应重新审视现有的衍生品业务发展战略，金融监管部门有必要将银行衍生品业务纳入货币政策视野，加强相应的金融监管，建立具有充分透明度的市场框架，控制系统性风险。
［关键词］ 商业银行；衍生品；信贷扩张；资产规模；货币政策
［Abstract］ The empirical study of this paper is based on the data of China’s 16 listed commercial banks during 2006~2011. It is found that bank’s holding derivatives has a significant positive effect on its credit expansion, and 1% increase in the ratio of derivatives to total assets will result in 0.13% increase in credits. The results of regression analysis show that the effect depends on the bank characteristics variables, especially asset size, but it is independent of credit supply & demand variables and monetary policy variables. Therefore, commercial banks should re-examine the existing development strategies of derivatives business, and financial supervision and regulation departments should include bank derivatives business in monetary policy, strengthen financial regulation, establish a market framework with full transparency, and control systemic risks.
［Key words］ commercial bank; derivative; credit expansion; asset size; monetary policy
银行业竞争与货币政策调控效果——一个自然实验框架下的分析
杜建华
［摘 要］ 本文基于银行业竞争差异的视角实证检验了中国货币政策紧缩对企业债务融资的区域调控效果。研究发现：在货币紧缩之后，银行业竞争程度较低区域的上市公司的银行借款对货币政策的变动更敏感，而且这种效应在非国有上市公司样本中更显著，但是在国有上市公司样本中则不明显；进一步研究还发现，货币紧缩导致银行业竞争程度较低区域的非国有上市公司的银行借款相对于国有上市公司下降的幅度更大，而在银行业竞争程度较高的区域则不存在这种效应。研究结论表明，银行业竞争程度的提高有助于非国有上市公司抑制货币紧缩的不利影响。
［关键词］ 银行业竞争；货币政策；银行借款；产权性质；自然实验
［Abstract］ From the perspective of banking competition difference, this paper empirically examines the regional regulation effects of China’s tightening monetary policy on debt financing of enterprises. It is found that, after the monetary tightening, the listed companies that barrow money from banks in regions where the level of banking competition is lower are more sensitive to the monetary policy. This effect is more obvious in the samples of the non-state-owned listed companies, but it is not so in the samples of the state-owned listed companies. The further analysis shows that, in lower-competition regions, the monetary tightening leads to a greater decrease in money borrowed by the non-state-owned companies from banks than that by the state-owned companies, but it doesn’t has such an effect in higher-competition regions. The above results show that the increase in banking competition will help the non-state-owned listed companies reduce the negative impacts of monetary tightening.
［Key words］ banking competition; monetary policy; borrowing money from bank; nature of property rights; natural experiment
商业银行分支机构企业网银业务发展研究
苟红军 陈 迅 桂 柱
［摘 要］ 本文从业务发展的视角，以某商业银行分行为例，分析商业银行分支机构企业网上银行业务的现状和存在的问题，并据此从理念、机制、营销和服务四个方面，提出商业银行分支机构企业网上银行业务的发展路径：一是理念先行、逐层推进，率先抓好各级领导者的培训和思想教育；二是机制引导、系统推进，以完善企业网上银行考核体系为抓手，调动全员营销积极性；三是分层营销、重点推进，带动客户规模和质量的双提升；四是服务客户、全面推进，完善企业网上银行业务售后服务体系，推动员工结构从“金字塔型”向 “橄榄型”转变。
［关键词］ 商业银行；分支机构；企业网上银行业务
［Abstract］ From the perspective of business development, this paper take a commercial bank’s branch for sample to analyse the status and problems of the corporate internet banking business of commercial bank’s branches, and based on the analysis, to put forward the path to develop the business from the four aspects of concept, mechanism, marketing and service. The first is to form the concept, pay special attention to the training and ideological education of leaders at all levels in advance, and promote the business step by step; the second is to motivate all staffs to do marketing by mechanism guide, systematic promotion and improving the evaluation system of the corporate internet banking; the third is to improve the quality and quantity of customers by assorted marketing and selected promotion; the fourth is to service customers by the improvement of after-service system for business and the comprehensive promotion, and promote staff structure to change from pyramid-shape to olive-shape.
［Key words］ commercial bank; branch; corporate internet banking business