Study On The Efficiency Of Chinese Listed Commercial Banks And Influencing Factors

The commercial bank is the main body of Chinese financial system and play a decisive role in the process of promoting social and economic development. With the outbreak and the subsequent opening of Chinese financial market,the international financial crisis and the European debt crisis put forward the severe test of the complex economic situation to the management of the banking financial institutions. Currently, with the domestic banks listed one after another, banks has intensified competition. It has important practical research significance to improve the and abilities of inputing and outputing, controlling of the cost, resisting risks and external financial service by improving comprehensive management level of the listed banks, enhancing the technical efficiency and cost efficiency of banks, reducing cost inefficiency.In addition, through the study on the influencing factors of cost inefficiency, it can be used to find the direct cause of bank cost inefficiency, develop effective management approach tolisted banks and provide certain theoretical guidance tothe implementation of effective supervision of regulatory policy.This paper selects the sample data of 16 listed commercial banks during the period of 2006-2013 and measuring technical efficiency, cost inefficiency and cost efficiency of the banks, and analyzing the influencing factors of cost inefficiency. In the theoretical part, firstly, it introduces relevant domestic and foreign literatures, and gives a brief review.Then, it expounds the related theory about efficiency, then leading to the concept of bank efficiency, and introducing the classification of bank efficiency theory. Finally, it introduces the research methods about bank efficiency and focuses on the SFA model. In the empirical part, it constructs SFA models which rectively based on C-D production function and Translog cost function to measure the technical efficiency,cost efficiency and cost efficiency of the listed banks.Then comparatively analyzes the efficiency respectively from the horizontal and vertical angles. The conclusions are following:The loan efficiency and interest income efficiency of the overall listed banks are in relatively high level;the non-interest income efficiency are in the medium level; the loan efficiency and non-interest income efficiency of joint-stock banks both have reached the highest level, and large banks are both in the lowest level opposite; the level of the interest income efficiency of city commercial banks are the highest,and on the contrary, the joint-stock banks are lowest. The level of the cost inefficiency of the listed banks overall is normal;The level of the cost inefficiency of the city commercial banks overall is the lowest while the cost inefficiency of the joint-stock banks overall is the highest; In addition, this paper constructs the static and dynamic panel data models on analyzing the influenc factors to the cost inefficiency of listed banks.The results follow that: In the static panel model, the equity to assets ratio,non-performing loan ratio, the cost of income ratio, the liquidity ratio have significantly positive relation to the cost inefficiency;assets profit rate and cost inefficiency are inversely related; In the dynamic panel, the cost inefficiency of last year has a significant positive effect on the current inefficiency; The cost inefficiency has the continuity and dynamic characteristics; The equity to assets ratio, the rate of non-performing loan, the cost to income ratio and liquidity ratio have significant positive impact on the inefficiency; The assets profit rate has significant negative impacts on inefficiency. Finally, according to the above research conclusions, it puts forward the countermeasures to improve the efficiency of listed banks: Deepen the reform of property right system, adjust the management scale, strengthen the financial innovation ability of banks, adequate capital cale, reduce the rate of non-perform loan.