Matching Items (3)
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- All Subjects: commercial bank
- Language: Chinese
Description
In this study I investigate the organizational mechanisms (pathways) through which strategic investors can help a firm improve performance. Many commercial banks in China have recently invited foreign banks as strategic investors since China’s entry into the World Trade Organization (WTO), hoping to gain managerial and technological knowhow from the foreign banks. Using Shanghai Pudong Development Bank as a representative example, I conduct an in-depth qualitative analysis about how the joining of Citi Bank as a strategic investor has helped the local Chinese bank improve its financial performance. On the basis of a comprehensive review of the relevant literature, I first develop a theoretical model that describes the organizational mechanisms (pathways) through which foreign strategic investors can influence the local bank’s performance. Specifically, by participation in corporate governance, the foreign strategic investor can have a positive influence over the local bank’s strategy development, operational targets, incentive systems, and organizational culture, which consequently lead to improvements in the local banks operations and financial performance. I then use a case study method to substantiate the logic and the pathways of the model with the detailed information collected from the Shanghai Pudong Development Bank and Citi Bank strategic alliance. The results are consistent with the model’s descriptive validity.
ContributorsLiu, Xinyi (Author) / Pei, Ker-Wei (Thesis advisor) / Chen, Hong (Committee member) / Shen, Wei (Committee member) / Arizona State University (Publisher)
Created2015
Description
Chinese commercial banks have experienced a period of fast and stable development since 2007. The adoption of a comprehensive enterprise risk management (ERM) system based on the Basel Accords was a significant event for the banking supervisory authority and the commercial banks during this period. This study investigates the impact of ERM adoption on the financial performance of the commercial banks as well as the underlying mechanisms using longitudinal data of 96 commercial banks from 2007 to 2016. Results from quantitative analyses suggest the following findings. First, ERM adoption had a positive impact on commercial banks’ financial performance after controlling for the negative impacts of factors such as macro economic conditions and fiscal and monetary policies. Second, although this positive impact was partially attributed to increased risk appetite after the adoption of ERM, results show that ERM adoption also increased risk-adjusted financial performance. Lastly, ERM adoption improved commercial banks’ competence in risk management, as indicated by their sensitivity of financial returns to risk exposures. The above findings also received support from interviews and surveys of senior executives of commercial banks and officials of the banking supervisory authorities.
This study contributes to the understanding of how the adoption of ERM influences the financial performance of Chinese commercial banks, and has important practical implications. Based on the empirical findings, I recommend all commercial banks in China to adopt and implement ERM so that they can better cope with the challenges presented by macroeconomic uncertainty, marketization, and internationalization. In the process, it is critical for them to understand the mechanisms through which ERM influences their performance. Meanwhile, they shall be aware of the operational costs associated with the initial adoption of ERM, learn from the experiences of those that have already adopted ERM, and have a long-term orientation about performance effect of ERM adoption. Supervisory authorities can also play a key role in guiding commercial banks to be more effective and efficient in the adoption of ERM.
This study contributes to the understanding of how the adoption of ERM influences the financial performance of Chinese commercial banks, and has important practical implications. Based on the empirical findings, I recommend all commercial banks in China to adopt and implement ERM so that they can better cope with the challenges presented by macroeconomic uncertainty, marketization, and internationalization. In the process, it is critical for them to understand the mechanisms through which ERM influences their performance. Meanwhile, they shall be aware of the operational costs associated with the initial adoption of ERM, learn from the experiences of those that have already adopted ERM, and have a long-term orientation about performance effect of ERM adoption. Supervisory authorities can also play a key role in guiding commercial banks to be more effective and efficient in the adoption of ERM.
ContributorsJia, Guoqing (Author) / Shen, Wei (Thesis advisor) / Qian, Jun (Thesis advisor) / Cheng, Shijun (Committee member) / Arizona State University (Publisher)
Created2018
Description
My dissertation primarily investigates the vast literary corpus of “Qiantang meng”
錢塘夢 (A dream by Qiantang River, 1499, QTM hereafter), the earliest preserved
specimen of the Chinese vernacular story of the “courtesan” 煙粉 category, which
appears first in the mid-Hongzhi 弘治period (1488-1505). The story treats a Song
scholar Sima You 司馬槱 (?) who traveled in Qiantang and dreamed of a legendary Su
Xiaoxiao 蘇小小, a well-educated and talented courtesan who supposedly lived during
the Southern Qi 南齊 (479-520). Fundamentally, I am concerned with how and why an
early medieval five-character Chinese poem, questionably attributed to Su Xiaoxiao
herself, developed across the later period of pre-modern Chinese literary history into an
extensive repertoire that retold the romantic stories in a variety of distinctive literary
genres: poems, lyric songs, essays, dramas, ballads, vernacular stories, miscellaneous
notes, biographical sketches, etc. The thematic interest of my research is to evaluate how
travel and dream experiences interactively form a mode whose characteristics could help
develop a clearer understanding of biji 筆記 (miscellaneous notes) as a genre which is
representational and presentational, exhibiting a metadramatic textual pastiche that
collects both fact and fiction. The timeless popularity of QTM storylines reflect and
express the trope of the “travel and dream” experience. This is something of a “living”
complex of elements through which a textual community in later generations can
reconstruct their authorial and cultural identity by encountering, remembering and
reproducing those elements in the form of autobiographical and biographical expression
of a desiring subject. Travel and dream experiences are cross-referenced, internally
dialogical, mutually infiltrating, and even metaphorically interchangeable. They are
intertwined to create a liminal realm of pastiches in which we can better examine how the
literati in the Yuan (1271-1368), Ming (1368-1644) and Qing (1644-1911) dynasties
formed their own views about a past which shapes and is shaped by both collective and
individual memory. Such retellings both construct and challenge our understanding of the
complex networks of lexical and thematic exchange in the colloquial literary landscape
during the late imperial period.
錢塘夢 (A dream by Qiantang River, 1499, QTM hereafter), the earliest preserved
specimen of the Chinese vernacular story of the “courtesan” 煙粉 category, which
appears first in the mid-Hongzhi 弘治period (1488-1505). The story treats a Song
scholar Sima You 司馬槱 (?) who traveled in Qiantang and dreamed of a legendary Su
Xiaoxiao 蘇小小, a well-educated and talented courtesan who supposedly lived during
the Southern Qi 南齊 (479-520). Fundamentally, I am concerned with how and why an
early medieval five-character Chinese poem, questionably attributed to Su Xiaoxiao
herself, developed across the later period of pre-modern Chinese literary history into an
extensive repertoire that retold the romantic stories in a variety of distinctive literary
genres: poems, lyric songs, essays, dramas, ballads, vernacular stories, miscellaneous
notes, biographical sketches, etc. The thematic interest of my research is to evaluate how
travel and dream experiences interactively form a mode whose characteristics could help
develop a clearer understanding of biji 筆記 (miscellaneous notes) as a genre which is
representational and presentational, exhibiting a metadramatic textual pastiche that
collects both fact and fiction. The timeless popularity of QTM storylines reflect and
express the trope of the “travel and dream” experience. This is something of a “living”
complex of elements through which a textual community in later generations can
reconstruct their authorial and cultural identity by encountering, remembering and
reproducing those elements in the form of autobiographical and biographical expression
of a desiring subject. Travel and dream experiences are cross-referenced, internally
dialogical, mutually infiltrating, and even metaphorically interchangeable. They are
intertwined to create a liminal realm of pastiches in which we can better examine how the
literati in the Yuan (1271-1368), Ming (1368-1644) and Qing (1644-1911) dynasties
formed their own views about a past which shapes and is shaped by both collective and
individual memory. Such retellings both construct and challenge our understanding of the
complex networks of lexical and thematic exchange in the colloquial literary landscape
during the late imperial period.
ContributorsWu, Siyuan (Author) / West, Stephen H. (Thesis advisor) / Cutter, Robert Joe (Committee member) / Oh, Young (Committee member) / Ling, Xiaoqiao (Committee member) / Arizona State University (Publisher)
Created2017