| Efficiency has been the core issue of the competitiveness of commercial banks,in which cost efficiency occupied the basic position,the improve of the cost efficiency means that the same input can get more output or the same output consumed inputs.Since 1996,the market-oriented reform of interest rates in china continues to advance,which has brought new challenges and opportunities to the banking industry,does it have any affect on the cost efficiency of the commercial banks and what kind of it?With this question,the paper committed to analysis what kind of the affect it is and then put forward the measures for the banks to continue to improve cost efficiency,which has a certain practical significance in the commercial banks to develop healthily,steadily and continuously.On this basis,this article embarks from the three points:(a)how about the process about the interest rate liberalization in china at present?(b)How about the overview about the cost efficiency of commercial Banks?(c)What kind of the affect it is?In order to solve the above problems,this paper has carried on a quantitative measure to the interest rate liberalization at first,then build index system of interest rate liberalization on the basis of classification of interest rates.Which contains 5 level indicators,12 secondary indicators.Respectively set 1,2,3,4,5 five values to represent the degree of liberalization of interest rate,Using the simple average to integrate scores at all levels in the form of empowerment to synthetic the index of interest rate liberalization.From which Concludes that our country has experienced continuous increase of interest rate liberalization stage(1996-2006)and stagnation moisture regain and partial breakthrough stage(since 2007).Secondly,this paper selected 5 state-owned Banks,8 joint-stock Banks and 3 urban commercial banks as a sample to measure the cost efficiency.By collecting the Annual Report from year 2007 to 2015 of every bank to obtain the data of the total cost,interest income,non-interest income,net fixed assets,loanable funds,compensation of employees to calculate the price of fixed assets,the price of loanable funds,the price of labor.Then use SFA and select the Beyond cost function model to measure the banks cost efficiency for 9 years.Find out that the cost efficiency has a overall upward trend and the difference is narrowing year by year,urban commercial banks is the most cost-effective,joint-stock commercial banks followed,the last is state-owned banks.Finally,the paper chose the panel data regression model,in which regard the cost efficiency as the dependent variable,interest rate liberalization as the main explanatory variables,GDP growth rate,reflecting commercial banks' asset quality,profitability corresponding indicators,innovation and resource allocation capability as variables to carry on the regression analysis.The results showed that the interest rate liberalization and cost-efficiency of commercial bank significantly positive correlated,control variables like GDP growth regression is not significant,the bank's NPL ratio,the proportion of non-interest income present a negatively correlated,however the rate of return on assets and loan and cost efficiency ratio was positively correlated.The last part of the article put forward some relevant policy recommendations,noted that in the background of the market-oriented reform of interest rates,the competition among commercial banks is more fully,which is conductive to the regulation of commercial bank assets and business layout and improve the cost efficiency.But the commercial Banks should actively create interest rate risk prevention mechanism,enhance the awareness.From the internal management,commercial Banks should implement the strategy of differentiation,optimize the allocation of resources,reasonable adjust LDR;Improve the quality of credit assets.Strengthen innovation ability at the same time focus on cost efficiency. |
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