The Research On Allocation Efficiency Of Credit Assets In Listed Banks Of China

Financial resources are the core of Economic resources.The quality of economic development is affected by the allocation efficiency of financial resource.Bank is main body of financial resources,and the listed bank is main body of bank.While credit assets are the main means of bank resources allocation.Therefore,allocation efficiency of credit assets will directly affect the allocation efficiency of financial resources and thus affect the economic development.Allocation efficiency of credit asset,not only essential to adjustment and transformation of economic structure,but also to their own profitability and security.so,it is necessary to study the allocation efficiency of credit asset in listed banks of China.This paper,applying super-efficiency DEA model,measures the allocation efficiency of credits from perspective of lenders,industries and areas in 5 state-owned listed banks and 8 joint-stock listed banks between 2012 and 2015;and analyzes the influential factors on the stands of finance,management,supervision,and credit quality control.Measurement results of super-efficiency DEA present that:it in China is relatively efficient for credit allocation in general;while state-owned banks and joint-stock banks have few differences of efficiency in regional allocation of financial resources,they two possess dominance in sorts of business and that of area respectively;efficiency variance in state-owned banks is moderately lower than that in joint-stock banks.Regression results of panel model show that:matters such as profitability,scales,risks and credit quality of listed banks exert significant impact on the allocation efficiency;influence from different indices in the matters mentioned differs from each other.The empirical analysis of this paper shows that the four aspects of profitability,scale,risk supervision and quality control have significant influence on the allocation efficiency of credit asset of listed banks.Therefore,we can improve the allocation efficiency of credit asset of listed banks from four aspects:First,listed banks need to take the initiative to tap new sources of credit revenue,optimize the portfolio,thereby enhancing the profitability of listed banks;Second,take the appropriate restrictions on the size of listed banks especially the most important banks of the system to increase the supervision of commercial banks;Third,strengthen the awareness of risk prevention,improve self-restraint and credit management mechanism,so as to improve the risk regulatory capacity of listed banks;Fourth,change the bank insurance orphan non-cooperative credit model,through the strengthening of bank-insurance cooperation on the listed banks to control the quality of credit assets.