中国银行资本结构动态调整研究——基于5家股份制上市银行的分析
发布时间：2018-10-16 23:01
【摘要】：运用中国5家股份制上市商业银行2003～2007年的季报数据,首次在其资本结构研究中同时考察权益和负债比率的动态调整问题,结论表明中国股份制上市商业银行权益比率与负债比率的决定机制互相依赖;非债务税盾、银行规模、管理层持股对股份制上市银行权益比率与负债比率的影响都非常显著,而破产成本、国有股比例仅显著影响权益比率,成长性与前5大股东持股比例仅显著影响了不可作为资本的负债比率;中国股份制上市商业银行的存款类负债更多地受到宏观经济变量的影响;选择"银行职工人数"作为工具变量,较好地解决了模型中"规模"变量的内生性问题。
[Abstract]:Based on the quarterly data from 2003 to 2007 of five joint-stock listed commercial banks in China, the dynamic adjustment of equity and debt ratio is investigated in the capital structure study for the first time. The conclusion shows that the equity ratio and debt ratio of Chinese joint-stock listed commercial banks depend on each other, and the influence of non-debt tax shield, bank size, management stock ownership on equity ratio and debt ratio of joint-stock listed banks is very significant. The cost of bankruptcy, the proportion of state-owned shares only significantly affect the equity ratio, growth and the proportion of the first five major shareholders only significantly affect the debt ratio that can not be used as capital; The deposit liabilities of China's joint-stock listed commercial banks are more influenced by macroeconomic variables, and the "number of bank employees" is chosen as a tool variable to solve the endogenous problem of "scale" variables in the model.
【作者单位】： 广东金融学院经济贸易系;中国农业银行总行;
【分类号】：F832.2
[Abstract]:Based on the quarterly data from 2003 to 2007 of five joint-stock listed commercial banks in China, the dynamic adjustment of equity and debt ratio is investigated in the capital structure study for the first time. The conclusion shows that the equity ratio and debt ratio of Chinese joint-stock listed commercial banks depend on each other, and the influence of non-debt tax shield, bank size, management stock ownership on equity ratio and debt ratio of joint-stock listed banks is very significant. The cost of bankruptcy, the proportion of state-owned shares only significantly affect the equity ratio, growth and the proportion of the first five major shareholders only significantly affect the debt ratio that can not be used as capital; The deposit liabilities of China's joint-stock listed commercial banks are more influenced by macroeconomic variables, and the "number of bank employees" is chosen as a tool variable to solve the endogenous problem of "scale" variables in the model.
【作者单位】： 广东金融学院经济贸易系;中国农业银行总行;
【分类号】：F832.2
【参考文献】
相关期刊论文 前5条
1 刘伟,黄桂田;中国银行业改革的侧重点:产权结构还是市场结构[J];经济研究;2002年08期
2 张杰;中国国有银行的资本金谜团[J];经济研究;2003年01期
3 易纲,赵先信;中国的银行竞争:机构扩张、工具创新与产权改革[J];经济研究;2001年08期
4 王皓,赵俊;资本结构动态调整模型——沪深股市的实证分析[J];经济科学;2004年03期
5 肖作平;资本结构影响因素和双向效应动态模型——来自中国上市公司面板数据的证据[J];会计研究;2004年02期
【共引文献】
相关期刊论文 前10条
1 彭冰;;商业银行的定义[J];北京大学学报(哲学社会科学版);2007年01期
2 衣方磊;丁黎黎;王成胜;;国有商业银行竞争行为分析及异化研究[J];商业研究;2006年03期
3 潘英丽,胡月晓;金融发展与信息交易的演进[J];山东工商学院学报;2005年01期
4 章安平,吴俊峰;国有商业银行产权制度改革的探讨[J];成都大学学报(自然科学版);2005年01期
5 杨晓光,卢授永;民营资本进入银行业—结构改造还是产权改造[J];财经科学;2003年04期
6 高辉,刘灿;转轨过程中我国银行业市场结构与绩效的实证分析[J];财经科学;2004年05期
7 李华民;国有银行商业化改革的实质性推进与组织绩效改善[J];财经科学;2005年01期
8 刘晓辉,张t，
本文编号：2275895
本文链接：https://www.wllwen.com/guanlilunwen/bankxd/2275895.html
