Study On The Disposal Of Bad Assets Of State-Owned Banks In China Combinatorial Auction

For the world bank, the harmfulness of non-performing assets have the bank development is self-evident. Domestic banks have a large amount of non-performing assets. In addition to influence the development of non-performing assets to the bank, but also to China’s economic and social development played impede. "The existence of popsicles effect" makes the processing work of non-performing assets needs high processing efficiency and processing speed. In order to alleviate the pressure of the current non-performing assets of domestic banks face, it is necessary for us to take facts as the basis to find the best way of bad assets disposal. This paper focuses on the search for more suitable disposal method:according to the characteristics of bank non-performing assets disposal, to further improve the speed and efficiency, prevent the loss of bank bad assets.This paper first introduces the auction theory and combinatorial auction model, laid a theoretical foundation for the discussion below. And then analyses the causes of the non-performing assets of our country produce:institutional factors, the bank internal factors and their own factors. In the commonly used in domestic banks non-performing assets disposal:the basic legal recourse, bank internal verification, debt equity swap, non-performing assets securitization and general auction modes were compared and discussed the feasibility of using combinatorial auction theory on the disposal of non-performing assets, take the way of combining theoretical and empirical demonstration will use to combinatorial auction in dealing with the bad assets advantage. At the same time, according to the actual situation of the disposal of non-performing assets of our country will combinatorial auction model is extended, the introduction of resource allocation efficiency, xq:xp:bid bidder reputation, xr: dispose non-performing assets of the three variables to establish the combination of bad assets of multi attribute auction model. Test, through simulation examples and draw the conclusion:the use of multi attribute combinatorial auction model than the combinatorial auction model that only concern about prices for obtain a higher utility for the disposal of non-performing assets disposal. This is the biggest innovation. Finally put forward policy suggestions on how to speed up the stock of bad assets disposal and prevent the increment of non-performing assets. Is the meaning of this research:Innovation of non bank non-performing assets disposal way, in order to improve the efficiency of the disposal of bad assets, to prevent the loss of assets.