金融自由化背景下我国上市银行特许权风险的约束效应分析-analysis on the restrictive effect of concession risk of listed banks in china under the background of financial liberalization.docxVIP

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金融自由化背景下我国上市银行特许权风险的约束效应分析-analysis on the restrictive effect of concession risk of listed banks in china under the background of financial liberalization.docx

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金融自由化背景下我国上市银行特许权风险的约束效应分析-analysis on the restrictive effect of concession risk of listed banks in china under the background of financial liberalization

macroeconomicfactors);thesecondstepistotesttheimpactfactorsofbankfranchise value,namely,financialliberalizationfactors.Thesecondphaseexamined relationshipsbetweentherisk-takingandfranchisevalueofbanksinthecontextof financialliberalization.Throughanalysis,Wecanfindthatfranchisevaluehasa discipliningeffectinthefiveones.However,followingwiththecompetitioninour country,thefranchisevalueisdeclining.Then,theefficiencyofbankbecomesthekey factoroffranchisevalue,whichisinfavorofthebankssoundnessintheperiodof financialliberalization.Specificconclusionsareasfollows:banksfranchisevalue declinedslowlyinChinaundertheimpactofthegradualnarrowingofspreads,which leadstoagreaterriskmotivationandmoralhazardofbank,butthebanksactualrisk-taking level is falling，the reason is that Chinas listed banks maintain theever-increasingprofitability,expandingofthecapitalratioandenhancementof capacityoftheriskcontrolandotherfactors.Theentryofforeignbanksraisethe internalefficiencyoflistedbanksinChina,especiallyraisedcapacityofthecost controlandprofitability,profitabilitydrivenbytheinternalefficiencyenhancesbanks franchisevalue.Atthesametimetheeffectofstabilityofforeignentryalsotakesin effect,theentryofforeignbanksledthedomesticbanks,especiallypublicbanksto improvecapabilitiesof riskmanagement,todecreasetheoverallriskofChinas bankingindustry.Securitiesinvestmentandinnovationbusinessofbanksis experiencingarapiddevelopment,whichhasabigimpactonourprofitabilityand stabilityofthebankingindustry,securitiesinvestmentbusinessofbanksreduces franchise value and increases the level of bank risk.Finally,thispaperpresentssomepolicyrecommendationsfromaspectsof franchisevaluemanagementandriskmanagementfortheregulatoryauthoritiesand the banks.Keywords:Franchise Value；Risk-Taking；Risk-restraining Effect ；Financial LiberalizationIV也睡立问UTM划tHuu.恤用非恤甜虫的胞l(.啊缸#.圃if曲目罩响蝇门且机构l史暗立的印件和咀盘.此争崎立自t量问λ响是..，何UU:(朵也4元篝丰田.:lO/O年6月fODt\!:例-211!if的具构均1再告机融町喃缸也e同·μ民血事很何?楠..可且，Ullfp.蛐印章扫描，囊帚扭曲再.u申位*.t帽由的也埠直缸.居量lIl*ltolX幅}hw巾巾，确保怕ar学位论文