The Study On Chinese Listed Commercial Banks' Efficiency

Since always, analyzing the problems of efficiency is the focus of the western economics. In western economics, there are always researches on how to achieve the best proportion of input-output and realize the benefit maximization. Applied to the fields of commercial Banks, commercial bank efficiency reflects the comprehensive competitiveness of the bank. Improving and promoting the efficiency level of the bank reflected banks reforming and innovation achievements. Listed banks in our country are most rapidly developing and having relatively perfect management and they are an important constituent in our country banks. Efficiency of the listed bank is very important to improve the level of social resource allocation, stable economic operation and prove the development of our country's financial market. So, to research and analysis the efficiency level and influence factors of listed commercial banks in our country can help to make effective reform measures and promote the development of the entire banking industry in China.In order to study the efficiency and affecting factors of the listed commercial banks in our country, this paper makes an frontier analysis about eleven listed commercial banks in 2004-2009 and their cost efficiency and profit efficiency are studied. The cost efficiency and profit efficiency are compared in the overall level and in different periods and under different ownership structures. At the same time, this paper also from three levels about macro, industry and micro to analysis the affecting factors of listed bank efficiency, on this basis, the author selects impacting indicator about listed bank efficiency to make the regression analysis. Results showed that by the influence of the financial crisis, overall cost efficiency of listed commercial banks in our country is fluctuated obviously and the profit efficiency is comparatively mild impacted. Meanwhile, state-controlled listed bank whether cost efficiency or profit efficiency are both significantly improved, growing faster than joint-stock listed bank, showed that the stock system reform of state-owned commercial Banks have achieved remarkable results. In the study of influence factors of listed bank efficiency, we found that the expansion of the assets in a certain extent is improving the profit efficiency, but will have a positive impact on the cost efficiency. In addition, the deposit-loan ratio of listed commercial banks has a positive relationship with the cost efficiency, but negatively related to profit efficiency about our listed Banks. With the improving of savings and loan rate in commercial Banks, the profit is reduced inversely. When listed banks are improving deposit-loan ratio, they are blind and not fully considering the influence of the assets structure on profitability.