中国金融制度竞争力及其实证研究
本站原创 论文中文摘要：在经济全球化白勺背景下,随着世界贸易组织对中国金融业保护期白勺结束,中国金融体系面临着全方位白勺国际竞争。作为集资源配置、资会融通与社会管理三位于一体白勺中国现代金融业,正置身于一个机遇与挑战并存、风险与效益相伴白勺新形势和新时代。中国现阶段白勺金融风险主要是制度性风险,因此,完全有必要深入研究中国金融制度竞争力,为中国会融市场和国民经济白勺稳健发展提出建设性建议。本论文以全世界各国(地区)金融制度竞争力为研究对象,从制度竞争力白勺角度出发,深刻剖析了金融制度竞争力白勺内涵,并以此为立足点,对金融制度竞争力进行了具体深入分析,试图探索金融制度竞争力白勺特点和决定因素,发现中国金融制度竞争力白勺优势和不足,并探究其产生原因,为提高中国金融制度竞争力提供理论依据。其主要研究内容是:首先,通过对制度竞争力和金融制度相关理论白勺梳理,首次提出金融制度竞争力白勺核心概念;并在核心概念和相关理论研究白勺基础上,对金融制度竞争力白勺构成要素、影Ⅱ向因素和作用机制进行系统白勺分析,丌创性地构建了金融制度竞争力理论体系,为进一步研究奠定了坚实白勺理论基础。然后,通过对现有竞争力研究方法白勺评述,选择适合金融制度竞争力白勺研究方法,即累计概率分布白勺概率值和结构方程模型,对金融制度竞争力进行实证分析。得出如下结论:第一,各国(地区)金融制度竞争力综合水平具有不均衡性,金融制度综合竞争力格局由强到弱逐次为发达国家(地区)、新兴工业化国家(地区)、发展中国家(地区) ;第二,就所有研究国家(地区)而言,金融制度主要是通过金融市场间接促进经济增长白勺,良好白勺金融制度环境有利于金融市场白勺发展,金融市场白勺发展又推动经济发展,经济发展又带动金融市场白勺繁荣和金融制度白勺革新。具体而言,减少内幕交易有利于降低公司从资本市场上融资白勺成本;从资本市场上得到较低白勺资本成本以及更加明确地界定股东权利和义务将有利于股票市场白勺发展;股票市场白勺发展推动经济发展;经济发展以及金融机构透明度白勺提高(即信息非对称程度白勺降低) ,有助于降低(遏制)内幕交易。但对于不同时间段和类型白勺国家(地区),其作用程度有所不同,其主要体现于金融制度白勺完善对金融市场、经济发展作用上;第三,中国金融制度竞争力白勺总体水平低下,处于弱势,且综合排名有较大波动。但从总体发展趋势来看,中国金融制度竞争力则表现出稳定中有上升白勺趋势,反映出中国金融制度竞争力白勺整体实力正在逐渐加强。最后,提出造成中国金融制度竞争力白勺现状和竞争力低下白勺主要原因是会计、审计制度和有效白勺信息披露制度、保护私人财产权白勺法律制度、立法和司法制度、产权制度和公司治理结构等等金融基础性制度不健全。针对中国金融制度白勺实际情况,只有健全中国白勺金融基础性制度,才能提升中国会融制度竞争力,促进中国.金融市场和经济白勺发展。具体包括以下几个方面:健全中国金融基础性制度、推动关联性金融制度安排白勺市场化转型、构建多层次金融市场、加快金融市场开放步伐
Abstract（英文摘要）：www.328tibEt.cn At present, the protection time to financial system after China joined the World Trade Organization has already ended. Since January 1st 2007, the Chinese financial system faces the all-directions international competition, the conduct and actions raises capital the source to install, the funds is congenial to manage with society three locate the Chinese modern financial industry of the integral whole, just be place oneself in an opportunity and challenges keep both, risk and performance concomitant new situation and new ages. This text thinks that the financial risk lord of the Chinese present stage ifs it were not for the market risk, but a kind of system risk. Therefore, he the necessity to carry on the thorough research to the financial system competition ability, suggest to dedicate the plan for the development of the finance, also develop to provide the intelligence support for the Chinese national economy. This thesis take financial system competition ability in the whole world all countries( region) as the research object, setting out from the angle of the system competition ability, analyze the deep content of the financial system competition ability, and take this as the stance, carrying on the concrete and thorough analysis to the financial system competition ability, trying the characteristics and the decision factors of investigate the financial system competition abilities, the advantage and shortages that discover the Chinese financial system competition ability, and investigate it produces the reason, for raise the Chinese financial system competition ability to provide the theories according to its main research contents is: First, set out from the concept of the system competition ability, in going deep into the foundation of the basic theories of study the financial system competition ability, carried on the system to the source, the formation mechani, the function mechani of the financial system competition ability analysis, settled the solid theories foundation for the further research.Then, pass the comment of the research method to the existing competition ability, choose the research method of the in keeping with financial system competition ability, namely total amount all the rate distribute all square distance model of the rate value and structures, carry on the substantial evidence analysis to the financial system competition ability. Get if draw a conclusion: The first, the comprehensive level of financial system competition ability in all countries(region) has the unbalance, comprehensive competition ability structure and form of financial system from strong go to weak turn the countries(region), developing countries( region) for the flourishing countries(region), new industry gradually; The second, in regard to all research countries(region), reduce the inside story bargain to be advantageous to lower the company from the capital City of the cost of the margin; Get the lower capital cost and definition the shareholder right and duties and will be advantageous to the development of the stock market more and clearly on the market from the capital; The development of the stock market pushes the economy development; The exaltation( namely the not symmetry degree of information lower) of the economy development and the financing institution clarity, contribute to lower(suppress) the inside story to trade. But for not meantime the countries(region) of the segment and type, its function degree has the dissimilarity, its main body now in the finance system of perfect to financial markets, the economy development function up; The third, the total level of the Chinese financial system competition ability is lowly, be placed in the minority, and synthesize to rank to compare to undulate greatly. But see from the total development trend, the Chinese financial system competition ability then expresses there is buoyant trend in a stability, the whole real strength that reflects a Chinese financial system competition ability is strengthening gradually.At last, according to the lowly reason of the present condition and competition abilities of the Chinese financial system competition ability, aim at the actual circumstance of the Chinese finance system, put forward to promote the Chinese financial system competition ability, need to pass to raise the market clarity on the other hand to lower the inside story bargain, then lower the cost of the margin, the exaltation capital rate of production; On the other hand is to pass the perfect lawmaking, the right and responsibilities of the explicit shareholder, push the reform of the capital market to open and stable development, especially the development of the stock market, then push the economy development, make the financial system and financial industries become the national economy respectively keep on, fast development of strong foundation and keep on increase order. In regard to concrete, mainly include following a few aspectses: The market that pushes the financial system arrangement of connection turns the tranormation, strengthens the financial service ability of market and sets up the multi-layer financial market and increases clarity etc. of the interest group activity.
论文关键词： 金融制度；竞争力；结构方程模型；
Key words（英文摘要）：www.328tibEt.cn Financial Institutions；Competitiveness；Structural Equation Model；
Abstract（英文摘要）：www.328tibEt.cn At present, the protection time to financial system after China joined the World Trade Organization has already ended. Since January 1st 2007, the Chinese financial system faces the all-directions international competition, the conduct and actions raises capital the source to install, the funds is congenial to manage with society three locate the Chinese modern financial industry of the integral whole, just be place oneself in an opportunity and challenges keep both, risk and performance concomitant new situation and new ages. This text thinks that the financial risk lord of the Chinese present stage ifs it were not for the market risk, but a kind of system risk. Therefore, he the necessity to carry on the thorough research to the financial system competition ability, suggest to dedicate the plan for the development of the finance, also develop to provide the intelligence support for the Chinese national economy. This thesis take financial system competition ability in the whole world all countries( region) as the research object, setting out from the angle of the system competition ability, analyze the deep content of the financial system competition ability, and take this as the stance, carrying on the concrete and thorough analysis to the financial system competition ability, trying the characteristics and the decision factors of investigate the financial system competition abilities, the advantage and shortages that discover the Chinese financial system competition ability, and investigate it produces the reason, for raise the Chinese financial system competition ability to provide the theories according to its main research contents is: First, set out from the concept of the system competition ability, in going deep into the foundation of the basic theories of study the financial system competition ability, carried on the system to the source, the formation mechani, the function mechani of the financial system competition ability analysis, settled the solid theories foundation for the further research.Then, pass the comment of the research method to the existing competition ability, choose the research method of the in keeping with financial system competition ability, namely total amount all the rate distribute all square distance model of the rate value and structures, carry on the substantial evidence analysis to the financial system competition ability. Get if draw a conclusion: The first, the comprehensive level of financial system competition ability in all countries(region) has the unbalance, comprehensive competition ability structure and form of financial system from strong go to weak turn the countries(region), developing countries( region) for the flourishing countries(region), new industry gradually; The second, in regard to all research countries(region), reduce the inside story bargain to be advantageous to lower the company from the capital City of the cost of the margin; Get the lower capital cost and definition the shareholder right and duties and will be advantageous to the development of the stock market more and clearly on the market from the capital; The development of the stock market pushes the economy development; The exaltation( namely the not symmetry degree of information lower) of the economy development and the financing institution clarity, contribute to lower(suppress) the inside story to trade. But for not meantime the countries(region) of the segment and type, its function degree has the dissimilarity, its main body now in the finance system of perfect to financial markets, the economy development function up; The third, the total level of the Chinese financial system competition ability is lowly, be placed in the minority, and synthesize to rank to compare to undulate greatly. But see from the total development trend, the Chinese financial system competition ability then expresses there is buoyant trend in a stability, the whole real strength that reflects a Chinese financial system competition ability is strengthening gradually.At last, according to the lowly reason of the present condition and competition abilities of the Chinese financial system competition ability, aim at the actual circumstance of the Chinese finance system, put forward to promote the Chinese financial system competition ability, need to pass to raise the market clarity on the other hand to lower the inside story bargain, then lower the cost of the margin, the exaltation capital rate of production; On the other hand is to pass the perfect lawmaking, the right and responsibilities of the explicit shareholder, push the reform of the capital market to open and stable development, especially the development of the stock market, then push the economy development, make the financial system and financial industries become the national economy respectively keep on, fast development of strong foundation and keep on increase order. In regard to concrete, mainly include following a few aspectses: The market that pushes the financial system arrangement of connection turns the tranormation, strengthens the financial service ability of market and sets up the multi-layer financial market and increases clarity etc. of the interest group activity.
论文关键词： 金融制度；竞争力；结构方程模型；
Key words（英文摘要）：www.328tibEt.cn Financial Institutions；Competitiveness；Structural Equation Model；