| Since the reform and open policy was put in practice,China's banking industry has gained a great progress.At the same time,banking industry is facing more and more challenge ,we should deepen the reform in finance field so as to keep the healthy development in banking industry.Along with the reform in finance field,there are more and more capital operations involved with banking industry,and evaluation is the base of capital operations.In addition to this,as the development of capital market,value evaluation system of commercial banks becomes more broader.Therefore,evaluation of commercial bank is an important problem crying out for solution.Firstly, the paper reviews the development process of evaluation theories of enterprises.Based on practical operation and academic research,the paper discusses several main evaluation methods of commercial bank and analyses their applicable areas,advantages and localizations.Secondly,the paper analyses the value-creating process of commercial bank's value both internally and externally,chooses scale,growth,business structure,management and assets qualities as the main factors which influence commercial bank's value,and those factors can be measured by some financial targets.Based on academic research and the method of goodwill and net assets, the paper tries to find out the best targets portfolios,and takes total assets,growth rate of earning,the rate of net interest income and net other income,the rate of cost and income and the nonperforming loan ratio as measurable targets,takes market value of commercial banks as object funtion ,build a value evaluation models of commercial bank. At last,the paper does empirical study with sample data to research the models and estimate the parameters.According to the empirical study of the model built in the paper, market value of commercial banks are correlative with total assets,growth rate of earning,the rate of net interest income and net other income as well as the nonperforming loan ratio. |
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