Financial Disintermediation Impact Study Of Commercial Bank Profitability

With the development of economic globalization, the global economy shows the characteristics of integration, and the rapid development of the securitization, combined with the innovation of financial innovation and information technology, commercial Banks are facing to in all aspects since the huge challenge. Nowadays, because of the economic development needs, the role of capital markets is increasingly significant, and gradually occupied the main position. Around the world, many developed countries in the financial system of indirect financing to direct financing of the finance disintermediation trend, and this trend has been gradually revealed in parts of the developing countries. This phenomenon was first appeared in America in the 1960 s, has been described as "financial disintermediation". Countries subsequently appear different degree of financial disintermediation, since the 1980 s in China, the increasingly rich, financial instruments in the ninety s, after the stock to become an important part of the portfolio, and then there is a clear indication of financial disintermediation. The first is the traditional financial medium commercial Banks, domestic existing research mainly depends on the cause of the financial disintermediation, possible impact, and foreign financial disintermediation, financial disintermediation by influencing the asset business and liability business of commercial Banks, thus affect the profitability of commercial Banks, but the existing data for financial disintermediation quantitative study of the impact of commercial bank profitability is relatively small. Based on this, this paper using in macro policy and the economy under the background of downward pressure, it is necessary to study the effect of financial disintermediation of commercial bank profitability, this paper adopts the method of combining normative analysis and empirical analysis, combined with domestic and foreign research materials and shows the change of Chinese commercial Banks, by 2004 to 2014, 10 years China’s 16 listed commercial Banks through analyzing the related data as sample, study financial disintermediation effect of commercial bank profitability.The research content of this article is divided into the following five parts:Chapter 1 is the introduction; this part describes the research background and significance, the domestic and foreign literature review, research content framework, innovative and insufficient, research methods and research ideas, to the full text summary.Chapter 2 is related to the basic theory, this part mainly illustrates the performance of financial disintermediation extremely measurement, selection of commercial bank profitability indicators, further financial disintermediation effect mechanism of commercial bank profitability analysis, set for a later chapter better model provides the theoretical foundation and providing policy Suggestions.Chapter 3 is a financial disintermediation trend analysis of the impact of commercial bank profitability; this part is mainly on financial disintermediation asset business and liability business of commercial Banks and trend analysis to discuss the influence of intermediary business, for the subsequent chapters to elaborate the empirical analysis.Chapter 4 is the empirical analysis part, the chapter on the basis of the content in the previous chapter puts forward the basic assumption, and variable selection model is established in this paper, from the causes of the financial disintermediation and the influence with the performance of commercial bank profitability, then by setting up the basic assumptions, data, collecting samples, for financial disintermediation influence on commercial bank profitability, redefine research indicators, through the study, the phenomenon of theoretically possible to establish a model to provide theoretical basis for the empirical analysis, add related research content. Based on 16 listed commercial Banks from 2004 to 2014, the interval of sample data to carry on the processing, to empirically through Eviews software, finally come to the conclusion and reasons.Chapter 5 is based on the research conclusion of this article put forward the commercial bank response to the financial disintermediation policy Suggestions on improving profitability. This chapter has carried on the summary to the full text, and from the trend of commercial Banks business transformation, the intermediary business innovation, and combining the financial community Banks to open up new profit growth point, layout and small micro enterprise service centre five aspects put forward policy Suggestions.