Comparing the management of the state-owned commercial banks with that of the Joint-stock commercial banks, this paper finds out that there is great difference between them, and assume that there is structural difference in the cost functions between the state-owned banks and the Joint-stock banks. By using econometrics, I testify its correctness. My paper argues there are eight factors that may effect bank efficiency in the light of the theoretical analysis, such as: bank scale, market structure, enterprise benefit, technology progress etc, their influence is tested, and it is found out that bank scale has significant influence on bank efficiency, the state-owned banks show diseconomies of scale, and the Joint-stock banks show economies of scale; capital price and labor price have great influences on the Joint-stock banks, but not on the state-owned banks, the technology progress and deposit-loan ratio are just to the contrary . The market structure has more influence on the Joint-stock banks than on the state-owned banks. Based on this, an analysis on the influence mechanism of the factors such as the property-right system, bank scale, technology progress and firm efficiency is provided further and correspondent policy suggestions are put forward in this paper.
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