کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5047918 1476278 2009 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The effects of governance changes on bank efficiency in China: A stochastic distance function approach
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The effects of governance changes on bank efficiency in China: A stochastic distance function approach
چکیده انگلیسی

China has accelerated banking reform since joining the Word Trade Organisation (WTO) in 2001. Employing a stochastic distance function approach, this paper examines bank technical efficiency and differentiates the static, selection and dynamic governance effects on bank efficiency for the 11-year period 1995-2005. The results show that bank efficiency has improved. Joint-stock ownership is associated with better performance in terms of profitability than state ownership (static effect). Strong selection effects are found for both foreign acquisition and going public reform strategies. Foreign acquisition may benefit domestic banks by efficiency gains in the long run, but privatization via initial public offerings (IPOs) appears to have only some short-term effects.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 20, Issue 4, December 2009, Pages 717-731
نویسندگان
, , ,