中小商业银行公司治理机制与经营绩效关系的实证分析

理论和实证研究证明,良好的公司治理对金融体系稳健运行有十分重要的作用.商业银行公司治理的研究和实践既是银行业改革的迫切要求,也是银行业改革的核心内容之一.本文用36家商业银行2005年的截面数据,对股权结构、董事会、监事会和高管人员薪酬激励等四个治理机制与银行绩效之间的关系进行了实证研究.结果表明,国有与非国有控股商业银行绩效不存在显著差异,第一大股东对银行绩效的影响并不显著,但外部大股东能显著地提高银行绩效.董事会与监事会规模与银行绩效正相关,但独立性难以得到保证.此外,高管人员薪酬激励不能改善银行绩效.     

论钱庄在近代中国资本市场上的地位和作用

钱庄是传统中国金融机构的典型和代表之一。中国近代新式机器大工业企业诞生后,钱庄在资本市场上扮演了重要作用:洋务运动时期在资本市场上占据统治地位;清末新式华商银行业出现,直至南京政府银行业成为社会经济生活中最重要的金融力量时,钱庄在资本市场上的地位和作用仍然不可低估。为适应中国近代资本市场的需求,钱庄在经营习惯和制度等方面进行了相当多的改变和调适。钱庄在中国近代资本市场上的地位和作用,使人不得不对传统金融机构在中国近代的作用进行重新评价。     

国有商业银行制度的产权理论分析

从分析现代商业银行制度的产权结构入手,指出了国有商业银行存在的产权软约束问题,并提出了国有商业银行产权规范化和制度创新的思路。     

Managing a crisis of confidence in Nigeria's banking and financial industry

An ongoing crisis of confidence in the banking and financial industry in Nigeria's emerging economy calls for using integrated marketing communications (IMC) in optimizing five potentially normative actions as a beachhead in procuring corporate benefits from three variables that predict significantly customers’ favorable impressions of business: satisfaction, trust, relationship commitment. The actions: (a) personalize the stakeholder experience, (b) integrate ethics into the workplace and into corporate communications, (c) participate in training sessions in applied ethics, (d) use brandstanding expansively and integratively, and (e) conduct rigorous outcomes assessment and disseminate its results promptly to stakeholders.     

论我国银行监管制度的缺陷及其完善

目前,我国对银行业的监管不足表现为：对银行业务有效监管的法律规定不全面;银行业的监管系统不合理;法律对银行业监管的要求偏高;法律关于银行监管的制度规定缺乏整体性和体系化。因此,应建立健全完善的信息共享平台;参考国外的一些具体做法;加快对金融法律、法规的制定、修改和完善,建立与国际金融法规接轨的金融法律体系。     

Does managerial ability influence the quality of financial reporting?

The purpose of this paper is to study the influence of managerial ability on the quality of their financial reporting. Using a large bank sample from nine different countries and for the time period 2004–2010, we expect that bank earnings quality and accounting conservatism increase with more able managers that disclose more accurate earnings and who report higher information about banks’ future earnings and cash flows.The results confirm that managerial abilities play a significant role in the quality of financial reporting in banks, and that capable bank managers are less likely to manage earnings opportunistically. This study is timely and relevant given the recent emphasis on earnings quality of banks over the last few years, and the criticisms of managerial abilities after the financial crisis. The evidence from this study can help standard-setters and regulators to better understand the business practices and accounting behavior of banks in the light of managerial abilities.     

Slacks-based inefficiency approach for general networks with bad outputs: An application to the banking sector

In this paper the efficiency assessment of general networks of processes that produce both desirable and undesirable outputs is addressed. This problem arises in many contexts (e.g. transportation, energy generation, etc.). A general networks slacks-based inefficiency (GNSBI) measure can be computed using a simple linear program that takes into account the weak disposability of the bad outputs. The slacks-based inefficiency (SBI) of each process is also calculated. Target values for all inputs, outputs (both desirable and undesirable) and even intermediate products are also provided. The proposed approach is rather general and can accommodate many different network topologies and returns to scale assumptions. Two applications to the banking sector are presented: one to assess banks efficiencies and another to assess bank branches.     

Administrative structure theory and evaluation: An example from the Community Services Administration

Concern about the inability of existing theories of utilization to explain the use (or lack thereof) of evaluation research on policymaking in public agencies leads the authors to postulate an “administrative structure theory.” Utilization is then explained, in large part, by the structure and behavior of administrative agencies. Administrative structure theory rests on four propositions which relate evaluation research to the development and maintenance sub-systems (within the administrative structure). These propositions are illustrated in the context of the recently abolished U.S. Community Services Administration.     

A Projection-Based Nonparametric Test of Conditional Quantile Independence

Abstract

This paper proposes a nonparametric procedure for testing conditional quantile independence using projections. Relative to existing smoothed nonparametric tests, the resulting test statistic: (i) detects the high frequency local alternatives that converge to the null hypothesis in probability at faster rate and, (ii) yields improvements in the finite sample power when a large number of variables are included under the alternative. In addition, it allows the researcher to include qualitative information and, if desired, direct the test against specific subsets of alternatives without imposing any functional form on them. We use the weighted Nadaraya-Watson (WNW) estimator of the conditional quantile function avoiding the boundary problems in estimation and testing and prove weak uniform consistency (with rate) of the WNW estimator for absolutely regular processes. The procedure is applied to a study of risk spillovers among the banks. We show that the methodology generalizes some of the recently proposed measures of systemic risk and we use the quantile framework to assess the intensity of risk spillovers among individual financial institutions.