Study On The Impact Of Asset-light Profit Pattern On The Value Creation Of Commercial Banks

Under the background of economic globalization,the division of labor and cooperation within and outside enterprises tend to deepen.It is imperative to actively explore the sustainable operation mode which focuses on the capital input with added value to generate huge profits.The profit pattern of light assets,characterized by patents and other"light assets," has attracted much attention.With the rise of science and technology innovation and the popularization of network technology,the phenomenon of financial disintermediation emerges,which makes commercial banks encounter serious threat from other"virtual" industries.It also raises the idea of raising the level of profit and creating the value of enterprises in China's commercial banks.Some commercial banks,represented by China Merchants Bank,have taken the lead in introducing the concept of light assets operation.However,whether the concept of light assets operation is generally applicable to the banking service industry of our country,whether the profit model of light assets can become the profit mode to improve the value creation of commercial banks in our country and to improve the profit level of banks for a long time must be solved urgently.This paper will analyze the above problems through the combination of empirical method and case study.Based on the research of light asset profit model and enterprise value creation,this paper selects 16 commercial banks listed in China for 2008-2016 data.This paper uses the stochastic effect pattern method to analyze the impact of light asset pattern model on commercial bank value creation,and then quantifies the bank light asset profit pattern from two angles of banking business system and bank asset scale,according to the bank type.This paper analyzes the influence of light business system and light idiosyncratic assets on bank value creation under the profit pattern of light assets.It is found that the profit pattern of light assets can improve the creativity of bank value to a certain extent,and that the light business system and light characteristic assets have effect on bank price.Value creativity has a significant positive impact,compared with large commercial banks,the profit pattern has a more significant positive impact on small and medium-sized commercial banks.Finally,taking China Merchants Bank as an example,the EVA evaluation method is used to analyze the implementation of China Merchants Light assets profit pattern.This paper summarizes the financial characteristics of the profit model of light assets in commercial banks from the angle of enterprise management and financial strategy.Based on the above research,this paper proposes to optimize the non-interest business structure of the bank,to lighten the organizational process management system,to increase the diversified sources of income,and to bring into play the effects of science and technology.Improving the turnover rate of non-current assets is a powerful countermeasure to enhance the value creation of the profit pattern of light assets.