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ID:39700596
大小:167.00 KB
页数:36页
时间:2019-07-09
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1、毕业设计(论文)外文翻译题目中国银行股份制改革成果分析专业班级学生指导教师年35BankownershipandefficiencyinChina:Whatwillhappenintheworld’slargestnation?AllenN.BergerWhartonFinancialInstitutionsCenterIftekharHasanRensselaerPolytechnicInstituteMingmingZhouSchoolofManagement,UniversityofAlaskaFairbanksReceived15December2
2、006;accepted22May2007AbstractChinaisreformingitsbankingsystem,partiallyprivatizingandtakingonminorityforeignownershipofthreeofitsdominant‘‘BigFour”state-ownedbanks.ThispaperhelpspredicttheeffectsbyanalyzingtheefficiencyofChinesebanksover1994–2003.FindingssuggestthatBigFourbanksare
3、byfartheleastefficient;foreignbanksaremostefficient;andminorityforeignownershipisassociatedwithsignificantlyimprovedefficiency.WepresentcorroboratingrobustnesschecksandofferseveralcrediblemechanismsthroughwhichminorityforeignownersmayincreaseChinesebankefficiency.Thesefindingssugg
4、estthatminorityforeignownershipoftheBigFourwilllikelyimproveperformancesignificantly.Keywords:China;Banks;Efficiency;Foreignownership351.IntroductionChina’seconomyhasbeengrowingabout10%peryearinrealtermsoverthelastdecade,andisprojectedbysometobecometheworld’slargesteconomyinthecom
5、ingdecades.Thisrapidgrowthmaybelargelylinkedtotheglobalizationoftrade,butChinahasyetto‘‘globalize”itsbankingsector.Chinesebankingisdominatedbyfourverylargestate-ownedbanks–the‘‘BigFour”–withaboutthree-fourthsofindustryassets,andveryfewforeignbanks.Aswell,China’slegalandfinancialsy
6、stemsarenotwelldeveloped–evenbythestandardsofmostdevelopingnations.Researchondevelopingnationsandonthefinancegrowthnexusstronglysuggeststhattheobservedhighgrowthratescannotcontinueindefinitelywithoutsignificantreformofthebankingsystemandthelegal/financialinfrastructure.Thebankingr
7、esearchsuggeststhatstateownershipisassociatedwithlowefficiency,restrictedaccesstocreditforSMEs,andsloweconomicgrowthindevelopingnations.ThisliteraturealsosuggeststhatforeignbankownershipandrelativelyunrestrictedforeignbankentryareassociatedwithhigherefficiencyandSMEcreditavailabil
8、ityindevelopingnations.Thefinance
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