Total Factor Productivity Measurement Of Commercial Banks In China And The Determinants Research

Commercial banks are the basic components of the financial system,They play an important role in the market economy.Studying and analyzing the operational status of China's banking industry is of great significance to improving the operating efficiency of the banking industry and promoting the healthy development of the banking industry,and is also the basis for the stable and healthy development of China's economic and financial system.Based on this,this article starts with the analysis of the total factor productivity of China's commercial banks,adopts data for the past ten years,constructs a two-stage non-oriented DEA-Malmquist index,analyses the total factor productivity of many commercial banks in China from the overall,institutional structure and individual three levels.The empirical results show that in terms of time series,the total factor productivity of commercial banks in China has been below 1 in the past ten years,but the downward trend has gradually eased since 2014;horizontally,joint-stock banks have the highest level of total factor productivity,and large commercial enterprises.Banks are centered,and city commercial banks are the lowest.Then the panel data model is established in this paper.The total factor productivity measured in the previous measure is the dependent variable,and the corresponding indicators are selected as independent variables from the three dimensions of micro factors,industry factors,and macro factors.These factors are added to the model in turn to test the results.Shows that M2 money supply,social fixed investment,industry concentration,banking listing,profitability,and resource allocation capabilities have a significant positive effect on the productivity of commercial banks,while the entry of foreign banks,the risk exposure of the banking industry,and higher levels of agency The cost has inhibited the increase in total factor productivity of commercial banks.Finally,based on the current macroeconomic environment,policy orientation and the analysis results,this paper proposes that commercial banks can improve TFP by human resource management,creating a healthy competitive environment,transforming their functional orientation,and using the "Internet Plus" concept to develop financial innovations.