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商业银行作为大型金融企业集团,其内部资本市场是否有效是一个很有意义的话题。但截至目前,我国关于商业银行内部资本市场的研究仍十分鲜见。本文以跨地区经营的A股上市商业银行为样本,研究发现,我国商业银行的内部资本市场总体上是有效的;银根紧缩时期银行内部资本市场效率会有所下降;与国有股份制商业银行相比,其他股份制商业银行在从事内部资本跨地区配置活动时更加重视分部的盈利能力,其资源配置效率更高;另一方面,国有股份制商业银行在进行资本配置时会更多地将资本转移至经济发展水平相对较低的地区,其他股份制商业银行则并没有表现出明显的地域偏好。这一研究结果表明,我国国有股份制商业银行在统筹区域经济发展方面做出了一定的贡献,但在一定程度上存在资源配置效率的损失。
As a large financial conglomerate, whether commercial banks are effective internal capital markets is a very significant topic. However, up to now, the research on the internal capital market of commercial banks in our country is still rare. In this paper, a cross-regional A-share listed commercial banks as a sample, the study found that China’s commercial banks in general the internal capital market is effective; during the monetary tightening the internal capital market efficiency will decline; compared with the state-owned joint-stock commercial banks , Other joint-stock commercial banks pay more attention to the profitability of their branches when they engage in the cross-regional allocation of internal capitals and allocate resources more efficiently. On the other hand, the state-owned joint-stock commercial banks will shift their capital more when they allocate capital to In areas with relatively low level of economic development, other joint-stock commercial banks did not show obvious geographical preference. The result of this study shows that our state-owned joint-stock commercial banks have made some contribution in coordinating the regional economic development, but to a certain extent, they have lost the efficiency of resource allocation.