中国商业银行市场势力、效率及其福利效应
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财经研究 2011 年 第 37 卷第 03 期, 页码：125 - 136
摘要
参考文献
摘要
文章对中国商业银行1998-2007年的市场势力与效率之间的关系及其福利效应进行了初步研究。结果表明,运用随机前沿成本函数所估计的贷款边际成本大于存款边际成本,四大国有银行的市场势力勒纳指数明显大于股份制商业银行,国有银行行政性市场势力不容忽视。在此基础上,文章估计了基于市场势力的社会福利效应,因银行成本无效率带来的福利损失远大于因市场势力而引致的社会福利损失。检验安逸生活假设表明,贷款市场拒绝安逸生活假设,而存款市场接受安逸生活假设。贷款市场势力对银行业发展具有一定的负面作用,而银行生产率的提高促进了银行业的持续发展。
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[3]李爱喜.货币政策对银行市场势力的影响——一个内生化货币政策的理论模型[J].河南金融管理干部学院学报,2008,(5):40-50.
[4]罗?.国有商业银行市场势力分析[J].金融研究,2003,(10):74-83.
[5]邹朋飞.效率结构、市场势力与我国银行绩效的动态变化[J].湘潭大学学报(哲学社会科学版),2008,(6):70-74.
[6]Aigner A,Novell C A K,Schmidt S.Formulation and estimation of stochastic productionfunction models[J].Journal of Econometrics,1977,86:21-37.
[7]Berger A N,Demirguc-Kunt A,Levine R,Haubrich J.Bank concentration and competi-tion:An evolution in the making[J].Journal of Money,Credit and Banking,2004,36(3):433-451.
[8]Berger A N,Hannan T H.The efficiency cost of market power in the banking industry:A test of the“quiet life”and related hypotheses[J].Review of Economics and Statis-tics,1998,8(3):454-465.
[9]Fernandez de Guevara J,Maudos J.Measuring welfare loss of market power:An appli-cation to European banks[J].Applied Economics Letters,2004,11(13):833-836.
[10]Fernandez de Guevara J,Maudos J,Perez F.Market power in European banking sectors[J].Journal of Financial Services Research,2005,27(2):109-137.
[11]Maudos J,Fernandez de Guevara J.The cost of market power in banking:Social wel-fare loss vs.cost inefficiency[J].Journal of Banking&Finance,2007,31:2103-2125.
[12]Delis M,Tsionas E.The joint estimation of bank-level market power and efficiency[J].Journal of Banking&Finance,2009,33:1842-1850.
[13]Maudos J,Fernandez de Guevara J.Factors explaining the interest margin in the bank-ing sectors of the European Union[J].Journal of Banking and Finance,2004,28(9):2259-2281.
[14]Neven D,Roller L H.An aggregate structural model of competition in the Europeanbanking industry[J].International Journal of Industrial Organization,1999,17:1059-1074.
[15]Paolo Coccorese.Market power in local banking monopolies[J].Journal of Banking&Finance,2009,33:1196-1210.
[16]SolsíLiliana,Maudos Joaquín.The social costs of bank market power:Evidence fromMexico[J].Journal of Comparative Economics,2008,36:467-488.
引用本文
赵旭. 中国商业银行市场势力、效率及其福利效应[J]. 财经研究, 2011, 37(3): 125–136.
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