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| Endogenous Efficiency of Chinese Commercial Banks and Its Decomposition under the China's New Normal Economy |
| ZHU Ning, LIANG Lin, SHEN Zhiyang, DU Wenjie
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School of Economics and Commerce, South China University of Technology;
Export-Import Bank of China;
Shanghai Head Office, People's Bank of China |
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Abstract Under the China's New Normal Economy, it is crucial that Chinese commercial banks should at present actively promote the transformation and development of banking sector with endogenous power. This paper applies the multi-directional efficiency analysis (MEA) to measure the endogenous efficiency of 114 Chinese commercial banks covering the period over 2004 to 2015, and further analyzes the individual efficiency of each input and output variable. The results show that insufficient non-interest income and excessive non-performing loans are the main sources of banking inefficiency. The city commercial banks have lower efficiency than state-owned commercial banks and joint-stock commercial banks, while city commercial banks have the most potential improvement in non-interest income. This paper also compares traditional directional distance function (DDF) with the MEA approach, and it is found that the result in DDF significantly overestimates bank efficiency, whereas that in MEA is more meaningful.
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Received: 30 August 2017
Published: 01 November 2018
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