A Research For The Effects On The Financial Eco-environment’s Influence On Regional Differences Of Financial Efficiency

Finance has become the indispensable factors to promote economic development since the reform and open policy. Finance is a kind of resource, so the financial efficiency is about how to allocate financial resources efficiently. The level of financial development is measured by financial efficiency, only to achieve the unification between the quality and quantity of financial resources can we achieve the sustainable development of finance. At present, our regional financial development is unbalanced,especially after 1997, the state-owned Banks has gathered in developed cities, and has also attracted a large number of new financial institutions with frequently financial activities. At the same time, the fact that the financial efficiency of economic backward area with obviously low financial activities and scale, is relatively backward, is not conductive to a balanced development of the economy. Since Zhou in 2004 put forward the concept of financial ecology, many scholars start to focus on ecological financial problems. Researching regional financial efficiency in a viewpoint of financial ecology is a new breakthrough of the theory of financial development based on a binary viewing angle of system and resources. Good financial ecological environment is a precondition for efficient financial operation.Now the fact that our country finance ecological environment is fragile and the difference between regions are obvious, has become the weakness of the financial system and financial reform. How much the difference of financial efficiency between regions now? Is Financial ecological environment of the regional difference is the important cause leading to the financial efficiency of the regional difference? how is all aspects of the financial ecological environment affecting on the financial efficiency of difference?This thesis focuses on the input and output of financial body from a perspective of micro level to probe into the micro formation mechanism of regional differences in the efficiency of financial institutions. With super SBM model used to calculate the financial efficiency of the country’s 31 provinces from 1999 to 2014, and with Theil Index adopted to compare difference in financial and technical efficiency and scale efficiency between 31 provinces, the thesis finds that the differences of China ’ s financial efficiency originate from interprovincial difference. In this paper, financial environment is classified into economic basis, financial development scale, the role of government, as well as the integrity and basic social security environment. Afterdescriptive analysis of these classifications of environment, it found that regional difference also exists in every type of environment that composes financial ecological environment. On the basis of demands-leading theory, financial policies at the regional effect theory, a regional financial center theory and commercial bank credit risk theory, this thesis also discusses the relationship between regional financial ecological environment and regional financial efficiency from the perspective of mechanism, and use the fixed effects model to examine effect of every part of regional financial ecological environment on regional financial efficiency. The empirical study shows that: economic foundation and scale of financial development in financial ecological environment play a positive role in promoting effect of pure financial technical efficiency and scale efficiency. And government plays a negative and inhibiting role in both efficiences while the level of social security has a significantly positive impact on the scale efficiency, and degree of openness has a positive effect on the financial efficiency, impact of integrity environment on financial efficiency is not so significant. Finally, the thesis proposes some policies to foster economic competitiveness with characteristics in different regions, to reduce interregional differences in market, loosen restrictions in cross-regional development financial institutions, and narrow interregional differences in education and social security to relieve unbalance of regional efficiency between the regional financial efficiency.