The Research Of Total Factor Productivity And Influencing Factors Of Rural Commercial Bank In China

With the continuous development of the global economy,China's economy has gradually stepped into the new economic norm,The economic situation is intricate,in addition the interest rate market basically completed and the rapid development of Internet finance,will bring new challenges to the China's commercial banks.As a member of China's banking industry,since the foundation of the rural commercial banks,they have been positioned as the financial institutions to serve the "three rural issues".After more than ten years of rapid development,rural commercial bank has become an important part of the financial institutions in the rural areas of China,playing an indispensable role to solve the "Three Rural issues" and promote the building of new socialist countryside.However,there are many problems in the process of the development of rural commercial banks,such as the rate of non-performing loans has been high,the financial innovation ability is weak,the internal control mechanism is not perfect,the financial environment of rural is poor and so on.These will change the TFP level of commercial bank.The total factor productivity of rural commercial banks will have an impact on the management of rural financial institutions in China,and will also affect the overall situation of China's new socialist countryside construction.Therefore,it is of great significance to objectively evaluate the total factor productivity and its changes of rural commercial banks,and then,we should also analyze the factors which affect total factor productivity of rural commercial banks.There are five parts in this article,The first part is the introduction,which mainly introduces the present situation of the development of rural commercial banks in China,and sorts out the relevant literature about the study of the total factor productivity of banks and its influencing factors.The second part is about our country commercial bank analysis of total factor productivity and the influence factors of the theory,the main contents include the basic theory of TFP factors,the measurement method of total factor productivity of commercial banks and qualitative analysis of its influencing factors.The third part and the fourth part is about the empirical analysis of the factors of TFP and its effects,including the use of global directional function and GML index to measure the total factor productivity of rural commercial bank and its decomposition value;using the panel data model to analyze the macro and micro factors affecting our country commercial bank total factor productivity.The fifth part is based on qualitative and quantitative analysis,draw the conclusions and countermeasures of this paper.The main conclusion of this paper is that the total factor productivity of China's rural commercial banks has been relatively stable during the 2010-2016 years,and there has been a slight decline in recent years,The improvement of total factor productivity is mainly due to the improvement of technical efficiency,and the impact of technological progress on TFP change is not obvious.In terms of influencing factors,the stronger the profitability of agricultural firms,the better the corporate governance,the higher the level of financial innovation,more can have a positive impact on the total factor productivity of commercial bank.Moreover,the development of rural commercial banks is closely related to the local economic development,the level of income of local farmers and the stability of monetary policy.Finally,In order to promote the overall factor productivity of China's rural commercial banks and achieve the development of China's rural commercial banks sustained and healthy.The policy suggestion in this paper are to clarify the market orientation,control assets scale,improve the quality of credit assets,improve financial innovation capability,improve corporate governance structure and raise the income level of farmers and so on.