第二章国内外关于保险机构效率研究的文献综述.doc

金融机构效率最新研究综述 保险与风险管理研究动态2010年12月 PAGE   PAGE \* MERGEFORMAT 12 金融机构效率最新研究综述 黄 薇? 对外经济贸易大学保险学院，电子邮箱：Mirandehuang@ 摘要：本文对国内外近10年来金融机构效率研究取得的开创性成果和发展趋势进行了综述和评价，目的是总结和审慎回顾金融机构效率的评估经验并试图形成一致的观点。对有效前沿方法自身技术内涵上的改进是总体方向，同时基于经济环境的外生性、金融机构的生产特性以及效率的经济内涵等角度的方法改进也在逐步展开。效率分析的应用则主要集中在各种经济活动和经济环境的变化或状态对金融业效率的影响上，并开始被应用于通报政府的政策和改善管理绩效等问题。在此基础上，本文提出关于未来研究新趋向的一些建议，希望有助于评估政府政策、识别导致无效率的经济环境以及改善管理绩效。 关键词：金融机构；效率；有效前沿方法 A Review on the Efficiency of Financial Institutions Abstract: This paper provides an overview on frontier efficiency analysis to financial institutions, a topic of great interest in the academic literature during the last ten years. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the various efficiency methods do not necessarily yield consistent results and attempts to remedy these situations by specifying more globally flexible functional forms in the parametric approaches and trying to implement stochastic versions of the nonparametric approaches should continue. In terms of applications, research on financial institution efficiency has largely focused on using institution efficiency estimates to inform government policy (e.g., by assessing the effects of deregulation, mergers, and market structure on industry efficiency) and improve managerial performance. Then the paper suggests some new directions for future research. Most of the important suggestions concern finding explanations of efficiency that may help inform government policy, identify the economic conditions that create inefficiency, and improve managerial performance. Keywords: Financial institutions; Efficiency; Frontier efficiency methodogies 1． 引 言 现代经济学的一个重要发展就是用来度量企业和其他组织效率的有效前沿方法（Frontier Efficiency Methodogies）的出现，标明这一发展的理论由Farrell(1957)首创，代表了对传统企业微观经济理论的背离。Farrell的研究暗示效率可以通过比较企业与由产业中支配企业形成的“最佳实践”（best practice）效率边界来估计。遵循这一理论，实证家们用了将近二十年的时间才形成了度量效率的方法，最重要的贡献是Aigner et