Research On Financing Efficiency Of China Merchants Bank

Commercial banks are an important subject of national economic development,and financing is very important to the operation of commercial banks.Improving financing efficiency is the fundamental for the healthy operation and long-term development of commercial banks.Therefore,the research on the financing efficiency of China Merchants Bank is of great significance and value for China Merchants Bank to improve its comprehensive competitiveness.Firstly,this thesis combs the relevant research of domestic scholars as well as foreign scholars,which have researched on financing efficiency and financing of listed commercial banks,and defines the concept.Then it analyzes the current financing situation of China Merchants Bank from the aspects of financing scale,financing mode and financing structure,and preliminarily analyzes the financing efficiency and existing problems of China Merchants Bank from the aspects of anti risk ability,capital utilization ability and growth ability.Then,using the DEA model,constructing the DEA input-output index system,selecting the total assets,total deposits,deposits and equity of banks and other financial institutions as the input indexes of DEA,and selecting the return on total assets,Tobin Q value and operating income as the output indexes of DEA to measure the financing efficiency of China Merchants Bank and nine other listed commercial banks in the same industry.It also compares and evaluates the financing efficiency of China Merchants Bank in the static industry,calculates the Malmquist index of ten listed commercial banks by using the Malmquist index model,compares China Merchants Bank with the same industry,and analyzes the dynamic changes of financing efficiency of China Merchants Bank.Then,taking the DEA comprehensive financing efficiency value as the explanatory variable and using Tobit model to research on the financing efficiency’s influencing factors of China Merchants Bank.Finally,relevant suggestions are given from several aspects,such as financing structure,financing cost and profitability,which will better improve the listed commercial banks’ financing efficiency and meet the decision-making needs of information users.The prime findings are obtained as follows: in the aspect of the measurement of financing efficiency level,through static analysis,the big picture of China Merchants Bank’s financing efficiency has a high level in the same industry.Dynamic analysis shows that the rising ability of financing efficiency of China Merchants Bank is weak and the fluctuation range is large,indicating that the financing efficiency of China Merchants Bank needs to be improved.In terms of influencing factors,the results of Tobit model show that the retained earnings ratio,return on net assets and financing efficiency are significantly positively correlated,and the net profit,GDP and financing efficiency are significantly negatively correlated.