北京市村镇银行支持三农发展问题研究【外文文献翻译】.doc

北京联合大学毕业论文外文原文及译文 题目：北京市村镇银行支持三农发展问题研究 专业： 金融学 指导教师： 王慧 学院： 商务学院 学号：2008030322113 班级： 金融0801 姓名：郑芯 一、外文原文 Efficiency Ratios and Community Bank Performance Fred H. Hays University of Missouri—Kansas City Stephen A. De Lurgio University of Missouri—Kansas City Arthur H. Gilbert, Jr. University of West Florida Abstract This study develops a multivariate discriminate model to differentiate between low efficiency and high efficiency community banks (less than $1 billion in total assets) based upon the efficiency ratio, a commonly used financial performance measure that relates non-interest expenses to total operating income. The model includes proxies for the banking regulatory CAMELS rating variables including: the equity capital to total asset ratio, net charge-offs to loans, salaries to average assets, return on average assets, the liquidity ratio and the one year GAP ratio. The discriminate model is tested using data for 2006, 2007 and 2008. This includes periods of high performance as well as deteriorating industry conditions associated with the current financial crisis. The model’s classification accuracy ranges from approximately 88% to 96% for both original and cross-validation datasets. Keywords Efficiency ratio, community bank, CAMELS; discriminate analysis; financial crisis Introduction The global economic and financial crisis initially affected large financial institutions like Citibank, Bank of America and Wachovia. As the effects spread throughout the U.S. economy, especially during the latter part of 2008, smaller institutions, including about 7,000 community banks (with under $1 billion in assets measured at the individual bank level rather than the bank holding company level) have been affected as well. Community banks are characterized b