【作者】 廖林；

【导师】 蒲云； 刘朝明；

【作者基本信息】 西南交通大学 ， 管理科学与工程， 2009， 博士

【摘要】 在中国金融发展的历程中,金融风险作为各类经济风险的集中表现日益凸现。研究金融风险的成因,从金融主体的角度有来自金融机构、金融市场和金融监管机构的因素;从金融环境的角度既有来自金融产品和服务的消费硬约束,又有来自社会、经济、法制和文化等环境因素的软约束。这种主体和环境之间的关系用“金融生态系统”来刻划其本质属性无疑是一个科学的范畴。研究金融生态系统,不仅有利于了解金融体系的运行及其同社会环境之间的相互依存关系,而且对于预测和管理金融风险,提高金融资产的质量和金融机构运作效率提供坚实的认识论基础。本文对金融生态系统的研究以既有文献作为学术基础,首先采用计量模型方法揭示出金融生态系统的基本性质或属性,然后通过对各个金融要素的分解确定其变量及其组合和关联,提出衡量金融生态系统的指标体系,并通过问卷验证了金融生态表现的一些基本特征。本文对金融生态系统的分析采用了理论实证和经验实证相结合的方法。在理论实证部分,本文首先从概念分析入手,提出金融生态系统的基本性状和评价框架,并由此建立其测量方程。当构建了测量方程和结构方程之后,就可以对每个参数进行指标化处理,从而获得对金融生态系统的评价指标体系。其概念模型是建立在文献分析的基础上,由此提出理论假说和假说的前提条件,并通过建立结构方程对测量模型进行识别与验证,这是本文的经验实证。有了上述工作基础,就可以结合金融工作的实际提出应用对策和相关的政策建议。本文的创新内容主要体现在以下三个方面:(1)本文对金融生态系统的基本性状进行了深入挖掘,提出了开放性、闭路循环性、根植性和可持续性4个基本性状,并给出了金融生态系统的可操作的定性定量解释。(2)本文结合金融生态系统的4个基本性状,构建了区域金融生态的评价指标体系。并对开放性、闭路循环性、根植性和可持续性的影响因素进行了量化,在这4个基本性状指标之下构建了若干二级指标,再层层分解,最后形成了一个具有层次性、关联性、可靠性和兼容性的评价指标体系。(3)为确保区域金融生态系统基本性状的成立,本文对开放性、闭路循环性、根植性和可持续性分别建构了一个因果关系路径图,揭示了它们之间的关联性特征;在此基础上提出并实证检验了金融生态系统的理论假说。更多还原

【Abstract】 In the course of China financial industry development, financial risk is now gradually standing out as one of the key exposure of various economic risks. When examing the causes of financial risk, from the financial body’s perspective, it relates with the financial institutions, financial markets and financial supervision institutions; from the financial environment’s perspective, it has been affected not only by the hard restrains that resulted in consuming financial products and services, but also by the soft restrains that rooted in social, economic, legal and cultural environment. The relationship between the body and the environment depicted as " financial eco-system" is undoubtedly in a scientific category to display its basic character. Studying on the financial eco-system, it not merely attributes to a full understanding of systematic financial operation and its correlation with social surroundings. Furthermore, it builds a solid know-how foundation to forecast and manage financial risk, to improve the quality of financial assets and increase the operational efficiency of financial institutions.This paper, based on the existed academic documents, firstly begins with the elaboration of the basic character of financial eco-system in measurement model method, then determines its variable and its composition and relevancy by disassembling every financial elements, finally proposes an index system aiming to measure the financial eco-system, and then validating some basic character performed by financial eco-system in form of questionnaire. The demonstration method both in theory and experience has been adopted to analyze the financial eco-system. In the theory demonstration part, the study starts with concepts, pointing out the basic character and evaluation framework of financial eco-systm. hence setting up its measurement equation. After having constructed the survey equation and the structural equation, may carry on indexing processing to each parameter, thus obtains to the finance ecosystem evaluating indicator system.Its conceptual model is the establishment in the documents analysis foundation, from this proposed that the theory hypothesis and the hypothesis prerequisite, and carries on the recognition and the confirmation through the establishment structural equation to the survey model, this is this article experience demonstration. After all the basic work accomplished, combined with financial work pratice, it raises a feasible countermeasure and relevant policy suggestions.This paper has three new contributions: (1) The paper explores deeply the basic character of financial eco-system, not only bringing forward four basic concepts that includes openness, circuit cycle, development and duration, but also giving a detailed explanation in operational and quantitative analysis, and applying with the demonstration method, both in theory and experience. (2) The paper builds up a index evaluation system for the regional financial eco-system that combines the four basic character of the financial eco-system, and quantifies the factors that take effect in its openness, circuit cycle, development and duration. Underneath this four basic index, it sets up secondary index, and go on and on, until forming one evaluation index system that is hierachical, relevant, raliable and compatible. (3)To make sure the establishment of basic character in regional financial system, the paper provides a cause-and-effect chart for openness, circuit cycle, development and duration, and illustrates every correlation among them. Based on that, it brings forward and test empirically theoretical hypothesis of financial eco-system.更多还原