Publicação
Performance evaluation of financial holding companies in China: Based on the factor analysis method
| Resumo: | With the deepening of interest rate liberalization and other reforms, the profitability of some traditional commercial banks has declined, which leads to the management problem of how to keep their operating performance continuously improved. In this thesis, China’s financial holding companies are selected as the research objects. Based on the research on business performance evaluation, it explores its evaluation methods, and provides suggestions for improvement. Supported on real data, this thesis makes an empirical study on the performance evaluation of 13 companies using factor analysis and makes case analysis on three typical companies. The data comes from the companies’ annual reports from 2014 to 2018 and 15 business indicators are selected for evaluation. Also, the economic value-added model is introduced to set up the business operation performance evaluation model and carry out the empirical analysis. The empirical results and research hypotheses were verified by cluster analysis and the chi-square test model respectively. The research shows that China's banking financial holding companies have economies of scale and other effects, and diversified operation promotes the improvement of operating performance. It also puts forward that the transformation of traditional banks to integrated operation is an important strategic choice, and six suggestions with management significance are put forward, such as promoting corporate governance at the group and subsidiary levels, building business coordination mechanism, comprehensive risk management system, enhancing the level of digital smart operation and speeding up the training of integrated financial talents. |
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| Autores principais: | Ning Xiao |
| Assunto: | Financial holding companies Business performance evaluation Factor analysis Holding financeira Avaliação de desempenho empresarial Análise fatorial -- Factor analysis |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | tese de doutoramento |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
| Resumo: | With the deepening of interest rate liberalization and other reforms, the profitability of some traditional commercial banks has declined, which leads to the management problem of how to keep their operating performance continuously improved. In this thesis, China’s financial holding companies are selected as the research objects. Based on the research on business performance evaluation, it explores its evaluation methods, and provides suggestions for improvement. Supported on real data, this thesis makes an empirical study on the performance evaluation of 13 companies using factor analysis and makes case analysis on three typical companies. The data comes from the companies’ annual reports from 2014 to 2018 and 15 business indicators are selected for evaluation. Also, the economic value-added model is introduced to set up the business operation performance evaluation model and carry out the empirical analysis. The empirical results and research hypotheses were verified by cluster analysis and the chi-square test model respectively. The research shows that China's banking financial holding companies have economies of scale and other effects, and diversified operation promotes the improvement of operating performance. It also puts forward that the transformation of traditional banks to integrated operation is an important strategic choice, and six suggestions with management significance are put forward, such as promoting corporate governance at the group and subsidiary levels, building business coordination mechanism, comprehensive risk management system, enhancing the level of digital smart operation and speeding up the training of integrated financial talents. |
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