我国上市股份制商业银行的资本构成对其经营绩效的影响研究

发布时间：2018-02-04 04:48

本文关键词： 上市股份制商业银行银行资本构成绩效巴塞尔协议　出处：《安徽大学》2017年硕士论文　论文类型：学位论文

【摘要】：我国银行业准入门槛的降低,引发银行业竞争加剧、银行绩效下降等问题,商业银行资本构成的优化则有益于资本成本的降低、节税效应的增加、降低银行经营风险、提高资本充足率和提高银行经营绩效,而且能够提高银行的公司治理水平,有利于代理成本的降低。因此,为了更好地优化上市股份制商业银行的资本构成,本文从理论分析与实证分析两方面去探究银行资本构成对上市股份制商业银行绩效产生的影响。首先,基于银行业竞争日趋激烈和商业银行股份制改革的大背景下,研究资本构成对商业银行和实体经济的重要意义,接着从一级资本治理效应和二级资本治理效应两个方面对国内外文献综述进行介绍。其次,在界定资本构成内涵和商业银行经营绩效内涵的基础上,介绍了资本构成对绩效影响的理论依据。最后,从机理分析与实证分析两方面得出资本构成对绩效的影响。机理分析得出如下结果。第一,银行资本的不足导致商业银行减持高风险资产,进而降低银行盈利性,导致绩效下降;第二,股权集中度很高时,代理成本的增加降低绩效,相对集中的股权集中度降低了代理成本,促进了绩效的提高;第三,股东持股目的不同导致了不同的治理效应,国有股东的主要持股目的是宏观调控,其治理效应可能会降低绩效,法人股东的持股目的是获得收益,其治理效应提高了绩效,社会公众股的持股目的是投机,其治理效应提高了绩效;第四,内源融资减少银行资金的使用限制并降低了资本成本,从而提高了绩效;第五,二级资本带来节税效应并提高了资本充足率,从而提升了绩效。实证部分选取了 2011年到2015年8家上市股份制商业银行的面板数据进行研究,根据实证结果得出如下结论。第一,上市股份制商业银行的二级资本占总资本的比例与其经营绩效呈显著正相关的关系;第二,上市股份制商业银行的前十大股东持股比例与商业银行经营绩效呈非显著正相关关系;第三,上市股份制商业银行的第一大股东持股比例与其经营绩效呈负相关关系,并且是非显著的;第四,上市股份制商业银行的第一大股东性质与其经营绩效呈非显著正相关关系;第五,上市股份制商业银行的资本充足率与其绩效呈非显著负相关关系。
[Abstract]:The lowering of the entry threshold of China's banking industry leads to the intensification of banking competition and the decline of bank performance. The optimization of capital composition of commercial banks is beneficial to the reduction of capital cost and the increase of tax saving effect. Reduce the risk of bank management, improve the capital adequacy ratio and improve the bank performance, and can improve the level of corporate governance of the bank, which is conducive to the reduction of agency costs. In order to better optimize the capital composition of listed joint-stock commercial banks, this paper explores the impact of bank capital composition on the performance of listed joint-stock commercial banks from two aspects: theoretical analysis and empirical analysis. Based on the increasingly fierce competition in the banking industry and the reform of the joint-stock system of commercial banks, the importance of capital composition to commercial banks and the real economy is studied. Then from the first class capital governance effect and the second level capital governance effect of domestic and foreign literature review is introduced. Secondly, on the basis of defining the connotation of capital composition and commercial bank operating performance connotation. This paper introduces the theoretical basis of the impact of capital composition on performance. Finally, from the mechanism analysis and empirical analysis of the impact of capital composition on performance. The results of mechanism analysis are as follows. First. The shortage of bank capital causes commercial banks to reduce their holdings of high-risk assets, thereby reducing the profitability of banks, resulting in a decline in performance; Second, when the ownership concentration is very high, the increase of agency cost reduces the performance, and the relatively centralized ownership concentration reduces the agency cost and promotes the improvement of performance. Third, different objectives of shareholders lead to different governance effects. The main purpose of state-owned shareholders is macro-control, its governance effect may reduce performance, the purpose of corporate shareholders is to obtain income. The governance effect improves the performance, the purpose of the public stock ownership is speculation, and the governance effect improves the performance. In 4th, endogenous financing reduced the use of bank funds and reduced the cost of capital, thus improving performance; In 5th, Tier 2 capital had a tax-saving effect and increased capital adequacy ratio. The empirical part selects the panel data of 8 listed joint-stock commercial banks from 2011 to 2015, and draws the following conclusions according to the empirical results. The ratio of secondary capital to total capital of listed joint-stock commercial banks is significantly positively related to their operating performance. Secondly, the proportion of the top ten shareholders of the listed joint-stock commercial banks has no significant positive correlation with the performance of the commercial banks. Third, the proportion of the largest shareholders in the listed joint-stock commercial banks is negatively related to their operating performance, and is not significant. In 4th, the nature of the largest shareholder of the listed joint-stock commercial banks was not significantly positively correlated with their operating performance; In 5th, the capital adequacy ratio of listed joint-stock commercial banks was negatively correlated with their performance.
【学位授予单位】：安徽大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33;F830.42

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