上市银行资本结构对绩效的影响研究

发布时间：2018-07-05 05:22

本文选题：上市商业银行 + 资本结构　；参考：《南京师范大学》2013年硕士论文

【摘要】：改革开放以来,随着我国经济体制改革的深入,中国银行业先后经历了恢复和重建工作(1978～1983)、支付危机和银行业改革(1993)、政策性商业银行和城市商业银行的建立和发展(90年代)以及四大国有商业银行股份制改革(1998-2002)等历史性变革。中国加入世贸组织(2001)之后,金融体系逐渐实现了对外开放,尤其是2006年之后,我国银行业实现了对外全面开放,面临来着更深层次和更广范围上的全球性竞争,我国银行业能否在全球经济一体化的过程中占有一席之地关系到自身的生存和发展。银行绩效是银行竞争力的综合体现,良好的绩效是银行抵御风险、提高竞争力的关键所在。上市商业银行以其较规范的市场化运作、全面的监管体系及较完善的信息披露机制正成为我国银行业的发展方向,上市银行绩效的好坏代表着我国银行业的发展情况,因此对上市银行绩效的研究有一定意义。本文从上市银行资本结构这一视角探讨其对银行绩效的影响,以其为优化我国商业银行资本结构、提高银行绩效做出参考。本文首先对回顾了国内相关文献,并做了简要评述,其次在资本结构理论和公司治理理论的基础上,探讨了资本结构对绩效的影响机理。接下来在商业银行资本结构和银行绩效的定义下详细分析上市商业银行资本结构和银行绩效的变化过程和现状,发现上市商业银行资本结构和绩效中存在的问题。在理论分析基础上,建立上市银行资本结构影响银行绩效的数量经济学模型,并选取14家上市银行2004～2011年期间上市之后的相关数据,采用Eviews6.0软件对模型进行实证分析,实证结果表明：(1)上市银行的杠杆率的提高有利于银行绩效的改善；(2)代表核心资本结构的股权结构对银行绩效影响不大,尤其是股权集中度,在三个绩效回归方程中影响均不显著；(3)附属资本占总资本比例与银行绩效显著正相关；(4)上市银行资本充足率的提高有利于绩效的提高。根据实证结果,以优化商业银行资本结构、提高银行绩效为目的,本文提出几点政策建议：实现国家相对控股、建立适度集中型的股权结构；完善次级债、混合资本工具的发行机制以提高附属资本比例、优化附属资本结构；加强对银行杠杆率和资本充足率的监管；发展和完善我国资本市场。
[Abstract]:Since the reform and opening up, with the deepening of China's economic system reform, China's banking industry has experienced the work of rehabilitation and reconstruction (1978-1983), the payment crisis and banking reform (1993), the establishment and development of policy-oriented commercial banks and urban commercial banks (1990s) and the shareholding reform of the four major state-owned commercial banks. (1998-2002) and other historical changes. After China's entry into the World Trade Organization (2001), the financial system gradually opened to the outside world, especially after 2006, the banking industry of our country realized the full opening to the outside world and faced the deeper and wider global competition. Whether China's banking industry can occupy a place in the process of global economic integration is related to its survival and development. Bank performance is the comprehensive embodiment of bank competitiveness, and good performance is the key to resist risks and improve competitiveness. The listed commercial banks are becoming the development direction of our banking industry with their more standardized market operation, comprehensive supervision system and more perfect information disclosure mechanism. The performance of listed banks represents the development of China's banking industry. Therefore, the research on the performance of listed banks has certain significance. From the perspective of capital structure of listed banks, this paper discusses its impact on bank performance, taking it as a reference to optimize the capital structure of Chinese commercial banks and improve bank performance. Firstly, this paper reviews the relevant literatures in China and makes a brief review. Secondly, based on the theory of capital structure and corporate governance, the paper discusses the mechanism of the influence of capital structure on performance. Then, under the definition of capital structure and bank performance of commercial banks, the change process and present situation of capital structure and bank performance of listed commercial banks are analyzed in detail, and the problems in capital structure and performance of listed commercial banks are found. On the basis of theoretical analysis, the quantitative economic model of capital structure influencing bank performance of listed banks is established, and the relevant data of 14 listed banks from 2004 to 2011 are selected, and the model is empirically analyzed by using Eviews6.0 software. The empirical results show that: (1) the increase of leverage ratio of listed banks is conducive to the improvement of bank performance; (2) the equity structure, which represents the core capital structure, has little effect on bank performance, especially the degree of equity concentration. In the three performance regression equations, the effect is not significant; (3) the ratio of subsidiary capital to total capital is significantly correlated with bank performance; (4) the increase of capital adequacy ratio of listed banks is conducive to the improvement of performance. According to the empirical results, in order to optimize the capital structure of commercial banks and improve bank performance, this paper puts forward several policy suggestions: to realize the relative holding of the state, to establish a moderately concentrated equity structure, to perfect the secondary debt, The issuing mechanism of mixed capital instruments can improve the proportion of subsidiary capital, optimize the structure of subsidiary capital, strengthen the supervision of bank leverage ratio and capital adequacy ratio, and develop and perfect the capital market of our country.
【学位授予单位】：南京师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.33

【参考文献】