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转型国家的银行民营化效率转型国家的银行民营化效率1大学毕业设计（论文）外文翻译题目：转型国家的银行民营化效率学院：经济与管理学院专业：金融学班级：姓名：指导教师：201*年6月转型国家的银行民营化效率**大学学士学位论文外文翻译PAGE\*MERGEFORMAT-10-PAGE\*MERGEFORMAT-11-**大学学士学位论文外文翻译PAGE\*MERGEFORMAT-1-PrivatizationMatters:BankEfficiencyinTransitionCountriesAuthor:Bonin,J.P.,Hasan,I.,&Wachtel,P.c1.IntroductionAconstructBankingsectorsinthetransitioneconomiesofCentralandSoutheasternEuropewererestructureddramaticallythe1990s.Beginningwithafinancialorganizationthat,inmostcases,wasdesignedtosupportthecentralplanningapparatus,newgovernmentsmovedtocreatemoderncommercialbankingsectorsimmediately.Thefirstrudimentarystepwastodivestcommercialandretailactivitiesfromtheportfoliosofnationalbanksandtosetupnewjoint-stockbankswithuniversallicensesthatwerefullystate-ownedinitially.Bankprivatizationwasanessentialpartofthefinancialreformagendasinthesecountries.Althoughmuchdescriptiveworkexistsonthesefinancialsectorreformsandbankprivatizations,e.g.,Bonin,Mizsei,Székely,andWachtel(1998),nosystematicempiricalworkwaspossibleuntilsufficienttimehadelapsedtomaketheconstructionofameaningfuldatasetpossible.Thebasicissuetoinvestigateiswhetherornotprivatizationimprovesbankperformance.Althoughthetheoreticalliteratureindicatesthatprivatefirmsshouldoutperformgovernment-ownedfirms,empiricalevidenceisneededtoconfirmthistheoreticalhypothesisforbanksintransitioncountries.Theempiricalliteratureprovidesevidenceoftheinfluenceofownershipontheperformanceofindividualbanksandontheeffectivenessofthebankingsector.Inacross-countrystudy,LaPorta,Lopez-De-Silanes,andShleifer(2002)findthattheperformanceofgovernment-ownedbanksisinferiortothatofprivatebanks.Claessens,Demirgüc-KuntandHuizinga(2001)investigateperformancedifferencesbetweendomesticandforeignbanksineightycountries,bothdevelopedanddeveloping,overaneight-yearperiodfrom1988to1995.Theseauthorsfindthatforeignbankentrywasfollowedbyareductioninboththeprofitabilityandtheoverheadexpensesofdomesticbanksandthatforeignbanksinde
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