Empirical Study On Equity Financing Efficiency Of Chinese Listed Banks By Dea Model

The efficiency of the banking sector capital is the manifestation of the core competitiveness in the banking sector, and is also the key to sustainable development of the banking sector. Currently, the banking sector in the development process, often only concerns about the speed of development but ignore the quality of the development. With China’s securities market constantly improved, more and more banks begin financing from the stock market. The phenomenon that Securities market re-financing becomes banking misappropriating the means is relatively common. Chinese listed banks equity financing efficiency issues is particularly important.This paper cards the finance theory and reviews the equity financing efficiency. Based on that, it defines the meaning of equity financing of Chinese listed banks and the scope of the study. Secondly, the paper focuses on the particularity Chinese listed banks equity financing. Thirdly, compared other methods of evaluating the efficiency, I choose DEA to analyze efficiency of Chinese listed banks financing.In the empirical part, the paper selects Chinese listed banks to study equity financing efficiency based on DEA. The empirical results indicate that:equity financing efficiency of Chinese listed banks is low; equity financing efficiency of large banks is significantly lower than it of small commercial banks, equity concentration is too concentrated, asset-liability ratio is high and other issues.Under the current situation of the equity financing efficiency of Chinese listed banks, with evaluation results, this paper proposes to create a free and liberal market environment of the banking industry, to optimize the asset structure, to accelerate the banking industry mergers and so on to improve equity financing efficiency of Chinese listed banks.