我国上市银行股权结构对EVA影响的实证研究

发布时间：2017-12-31 11:20

本文关键词：我国上市银行股权结构对EVA影响的实证研究　出处：《南京财经大学》2012年硕士论文　论文类型：学位论文

更多相关文章： 上市银行 股权结构 经营绩效 EVA

【摘要】：银行业是金融行业的核心领域，其对整个国民经济有序发展起着重要的推动作用。随着我国金融市场对外资银行的开放，国内银行均面临着巨大的竞争压力。在激烈的竞争环境下如何提高我国上市银行的竞争力，优化其股权结构，提高其经营绩效就显得尤为重要。考虑到传统财务指标忽略了银行自有资本的机会成本和相关风险等诸多缺陷，未能更加全面和完善的评价我国上市银行的经营绩效，本文以EVA作为上市银行的业绩评价指标，探讨上市银行如何在激烈的竞争环境下提高其经营绩效。本文通过对我国上市银行的股权结构与EVA之间的关系进行研究，具有一定的理论价值和实际价值。本文分为五章，首先论述了对我国上市银行股权结构与EVA关系进行研究的意义，对国内外相关的研究现状进行回顾分析，介绍了本文的研究方法和内容。然后，分别阐述了上市银行股权结构与EVA之间关系的理论基础，主要包括股权结构对经营绩效影响的相关理论基础和EVA的相关理论。在此理论基础之上，本文以上市时间较长的8家银行作为研究样本，选取了2010年各银行股权结构的相关数据，对我国上市银行进行了股权结构的现状分析，，并选择了深发展银行1998-2010年的数据，进一步分析了股权结构对EVA的影响。为了准确的分析我国上市银行股权结构与EVA之间的关系，本文选取了1998-2010年的60个样本，通过构成的非平衡面板数据对我国上市银行股权结构和EVA的相关关系进行了多元回归分析。模型检验结果表明，第一大股东持股比例、前五大股东持股比例的标准差、前十大股东持股比例的标准差、Z指数均与EVA负相关，前五大股东持股比例和前十大股东持股比例与EVA有着不同程度的正相关关系。国家股股东持股比例与EVA负相关，法人股股东持股比例和社会公众股股东持股比例与EVA有着不同程度的正相关关系。相关控制变量也在不同程度上与EVA存在相关关系。根据实证分析的结果，以提高我国上市银行的经营绩效为目标，本文从上市银行的股权集中度和股权构成两个方面提出政策建议。
[Abstract]:The banking industry is the core areas of the financial industry, the orderly development of the entire national economy plays an important role in promoting. As China's financial market opening to foreign banks, domestic banks are facing tremendous pressure of competition. How to improve the competitiveness of China's listed banks in the fierce competitive environment, optimize the ownership structure. It is very important to improve its performance. Considering the traditional financial indicators ignore the bank's opportunity cost of capital and the risks associated with many defects, more comprehensive evaluation and improvement to the operatingperformance of listed banks in China, this paper uses EVA as the indicators of performance evaluation of listed banks, to explore how to improve the operating performance of listed banks in the fierce competitive environment. Based on the research of the relationship between ownership structure and EVA listed bank, has a certain theoretical value and practical Value.
This paper is divided into five chapters, first discusses the research on ownership structure of Chinese listed banks and the EVA relation of significance, related research status at home and abroad were analyzed retrospectively, and introduces the research methods and content of this article. Then, respectively expounds the theoretical basis of the relationship between ownership structure and EVA listed banks, related theories the theoretical basis and EVA mainly includes the influence of ownership structure on business performance. Based on the theory, the 8 banks listed a long time in 2010 was selected as the research sample, the bank ownership structure related data of listed banks in China to the status of the ownership structure analysis and selection of Shenzhen Development Bank the data of 1998-2010, analyzed the influence of ownership structure on EVA. In order to accurately analyze the relationship between ownership structure of listed banks and EVA, this paper selected 1998-2010 In the 60 samples of the year, a multiple regression analysis was carried out on the relationship between stock ownership structure and EVA in China's listed banks through the unbalanced panel data.
Model test results show that the proportion of the first largest shareholder, the proportion of top five shareholders of the standard deviation, the proportion of top ten shareholders of the standard deviation of Z index were negatively correlated with EVA, the proportion of top five shareholders and top ten shareholders and the proportion of EVA has a positive correlation between countries in different degrees. Shareholder equity ratio is negatively correlated with EVA, the proportion of legal person shares and public shares shareholding ratio has a positive correlation with EVA in different degrees. The relevant control variables at different levels and EVA correlated. According to the results of empirical analysis, in order to improve the operatingperformance of listed banks in China as the goal this paper, from the listed banks ownership concentration and structure and put forward some policy suggestions in two aspects.

【学位授予单位】：南京财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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