我国商业银行海外并购研究—效率分析与战略选择.pdfVIP

中文摘要 近十年来，世界银行业掀起了海外并购浪潮。各国银行纷纷通过海外并购大规模地抢 占市场以期在竞争中取得优势。从各国的并购理论和实践可以发现，海外并购在成就一个 国际化大银行的过程中发挥了显著的作用。随着我国开放人民币业务的对外开放，我国商 业银行面对的竞争日趋激烈，与此同时我国商业银行股份制改革日见成效，市场化并购的 条件正日渐成熟，海外并购开始成为我国商业银行应对挑战、走向国际化经营，提高自身 效率的主要途径。 商业银行海外并购主要涉及两方面的内容：一是效率，即商业银行的海外并购行为对 商业银行的效率水平的影响，二是商业银行海外并购战略，即商业银行实施海外并购战略 的具体途径。本文在立足银行海外并购与效率传统理论的基础上，结合我国政治、经济、 社会等方面的特殊国情，首先运用评价模型对我国商业银行海外并购前后效率进行研究， 分析在当前的形势下，我国商业银行进行海外并购的必要性；接着通过借鉴国外银行国际 化并购的经验，提出我国商业银行应该实施渐进式的海外并购战略。最后，从地域扩张、 组织形式、业务拓展和方式选择等四个方面提出完善我国商业银行海外战略的具体措施， 以期达到推进我国银行国际化进程，实现国家金融战略的目标。 关键词： 商业银行 海外并购 效率 DEA 分析 并购战略 I ABSTRACT Over the last decade, the world banking set off a wave of cross-border mergers and acquisitions. Banks in various countries and district seize the market and win the competition through large-scale cross-border mergers and acquisitions. From the theory and practice of merger, we can find that cross-border mergers and acquisitions played a significant role on the success of an international bank. With the opening up of Chinas RMB business to the outside world, Chinese commercial banks begin to face the increasingly fierce competition, while j oint-stock reforms of Chinese commercial banks begin to show results and market conditions for mergers and acquisitions are increasingly mature. Cross-border mergers and acquisitions has become the main approach in which Chinese commercial banks cope with the challenges to start the international operations and improve their own efficiency. Commercial banks cross-border mergers and acquisitions involving two maj or aspects ： First, efficiency, that is, cross-border mergers and acquisitions of commercial banks on the level of efficiency, and the other is commercial banks cross-border acquisition strategy, that is, specif