商业银行的资本结构与价值相关性研究

发布时间：2018-04-28 22:06

本文选题：商业银行 + 资本结构　；参考：《财政部财政科学研究所》2014年硕士论文

【摘要】：商业银行作为金融市场的组成部分,是国家现代金融体系不可或缺的主体,对整个国民经济又好又快发展起着至关重要的作用。随着我国金融市场改革的不断推进,以及国内外对银行资本监管要求的提高,我国商业银行正面临着越来越严峻的挑战。商业银行资本结构作为衡量银行资产质量的重要标准,其优化调整关系到银行能否持续稳健运营,是影响银行价值的关键因素。能否从理论上寻找商业银行资本结构与银行价值的关系,提出商业银行资本结构优化的合理路径,是提升我国商业银行自身价值的巨大挑战。首先,本文从理论上分析了我国商业银行资本结构对银行价值的影响,并阐述了我国商业银行资本结构的演变及现状。然后,运用实证分析法,检验了2008年至20]3年我国15家上市商业银行资本结构与银行价值的相关关系,并建立了反映银行资本结构与银行价值相关性的回归模型,实证结果表明： 1、第一大股东持股比例与银行价值呈不显著的负相关关系。 2、第一大股东性质与银行价值呈不显著的正相关关系。 3、附属资本占比与银行价值呈显著的正相关关系。 4、资产规模与银行价值呈显著的正相关关系。 5、资本充足率与银行价值呈不显著的负相关关系。最后,本文根据实证检验结果,结合我国商业银行资本结构中存在的问题,从政府监管、核心资本的补充方式及其内部结构、附属资本占比、资产规模合理扩张四个方面提出优化我国商业银行资本结构的有效措施。从而促进我国商业银行公司治理不断改革,加强商业银行的资本管理能力,改善商业银行资产质量,加速我国商业银行的持续、稳健发展。
[Abstract]:As an integral part of the financial market, commercial banks are the indispensable subject of the modern national financial system and play a vital role in the sound and rapid development of the whole national economy. With the development of the financial market reform and the improvement of the capital supervision requirements at home and abroad, Chinese commercial banks are facing more and more severe challenges. The capital structure of commercial banks, as an important standard to measure the quality of bank assets, is a key factor affecting the value of banks. Whether we can theoretically find the relationship between the capital structure of commercial banks and the value of banks and put forward a reasonable way to optimize the capital structure of commercial banks is a great challenge to enhance the value of commercial banks in our country. Firstly, this paper theoretically analyzes the influence of the capital structure of commercial banks on the value of banks, and expounds the evolution and present situation of the capital structure of commercial banks in China. Then, using the empirical analysis, this paper tests the correlation between the capital structure and the bank value of 15 listed commercial banks in China from 2008 to 20, and establishes a regression model to reflect the correlation between the capital structure and the bank value. The empirical results show that: 1. There is no significant negative correlation between the shareholding ratio of the largest shareholder and the value of the bank. 2, the nature of the first major shareholder and the value of the bank is not significant positive correlation. 3. There is a significant positive correlation between the proportion of subsidiary capital and the value of banks. 4. There is a significant positive correlation between asset size and bank value. 5. There is no significant negative correlation between capital adequacy ratio and bank value. Finally, according to the empirical test results, combined with the existing problems in the capital structure of commercial banks in China, from the government supervision, the supplementary mode of core capital and its internal structure, the proportion of subsidiary capital. This paper puts forward the effective measures to optimize the capital structure of Chinese commercial banks in four aspects of rational expansion of asset scale. Therefore, it can promote the reform of corporate governance of commercial banks, strengthen the capital management ability of commercial banks, improve the quality of assets of commercial banks, and accelerate the sustained and steady development of commercial banks in China.
【学位授予单位】：财政部财政科学研究所
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.33;F830.42

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