| 摘要: |
| 选择2007—2016年我国发起行设立村镇银行的数量和注册资金金额数据，实证分 析了发起行的部分重要特征对设立村镇银行投资决策的影响，以及对其自身绩效影响的中介作 用。实证发现：发起行资产规模越大、同省市已有村镇银行数越多则越可能成立村镇银行，而 净资产收益率越高则发起设立村镇银行的可能性越小；农村商业银行或上市银行一旦决定发 起成立村镇银行，则倾向投资更多；村镇银行累计数量越多和注册资金总额越大，发起行的管 理成本越高，绩效水平越低，但发起行如为上市银行则削弱了上述作用。因此，发起行成立村 镇银行时偏好追求规模经济，而且短期内倾向于放弃绩效目标而响应贯彻国家发展普惠金融及 振兴乡村的战略。 |
| 关键词: 村镇银行；发起行；绩效；投资 |
| DOI： |
| 分类号:F832 |
| 基金项目:江苏省教育厅高校哲社项目（2017SJB1094）和广东省哲学社科项目（GD14XYJ15）。 |
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| The Establishment of Village Banks and the Characteristics & Performance of Initiating Banks—An Empirical Study Based on Heckman Model |
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YANG Zhuqing1,2
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1.Jinan University Statistics Postdoctoral Research Station;2.Jiangmen Rural Commercial Bank
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| Abstract: |
| Choosing the number of village banks and registered capital data from 2007 to 2016，this paper empirically analyses the influential factors and motivations of establishing rural banks. Found that: First, the larger size of the initiating bank’s assets, the more village banks in the same provinces and municipalities would be, it is more likely to set up village banks. The higher of the return on net assets, the less likely to initiate a village bank. Second, once a bank or a listed bank decides to initiate a village bank, it tends to invest more; Third, the more village banks accumulate and the larger the total registered capital, the higher of the management cost, the lower of the performance level. However, the mechanism less effective for the listed bank. Therefore, the initiating bank prefers to pursue economies of scale in the establishment of village banks, while, they tend to give up their performance targets,in the short term and respond to the implementation of the national policies for agriculture, rural areas , farmers and an inclusive financial system so as to revitalize the rural economy |
| Key words: Village Bank; Initiating Bank; Performance; Investment |
