我国上市商业银行资本结构对绩效影响的研究

发布时间：2018-05-27 03:25

本文选题：商业银行 + 资本结构　；参考：《哈尔滨商业大学》2017年硕士论文

【摘要】：次贷危机以来全球经济进入快速多变期,英国脱欧等一系列不确定性因素相继爆发;国内利率市场化进程不断推进,互联网金融对商业银行日常业务产生极大的冲击,因此我国上市商业银行绩效要到达更高的水平。商业银行是高负债经营,资本与其他工商企业差异巨大,分为核心资本以及附属资本。商业银行的绩效是盈利能力、安全能力、流动能力的综合表现。银行的资本结构,决定了股权结构和整体经营成本,对银行的绩效起决定性作用。因此分析我国商业银行的资本结构,研究资本结构对绩效的影响,对处于转型期的我国上市商业银行具有极为重要的意义。首先介绍了与资本结构相关的一些基本理论,并对已有文献的研究方法和结论进行了简要评述。分析了我国商业银行资本结构和绩效的现状和存在的问题,并分析资本结构对绩效的影响途径,说明了研究的急迫和重要性。选取了我国16家上市商业银行2010-2015年的相关数据,用第一大持股股东性质、比例,前五大股东持股比例、附属资本比例、资本充足率表示资本结构;用总资产收益率、不良贷款率、流动性比例表示绩效,建立多元线性回归模型,用Stata软件进行分析,研究资本结构对绩效的影响。研究结论表明相对集中型的股权结构会促进银行绩效的提高,第一大股东的性质并没有对其绩效产生显著影响;附属资本占总资本的比例与银行绩效显著正相关;资本充足率与银行绩效显著正相关;资本充足率与绩效显著正相关;资产规模扩大并不会对绩效有积极的影响。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,结合现状与实证分析所得到的结果,提出政策建议。在核心资本方面,建立适度集中型股权结构;国家对系统重要性银行一定要保持相对控股,并引进战略投资者,逐步增加公开储备的总量与占比;在附属资本方面,提高附属资本占比,调整附属资本结构,减少银行之间互相持有附属资本,开发创新型资本工具。
[Abstract]:Since the subprime mortgage crisis, the global economy has entered a period of rapid changes, and a series of uncertain factors, such as Brexit from the European Union, have erupted one after another. Therefore, the performance of listed commercial banks in China should reach a higher level. Commercial banks are highly indebted, and their capital differs greatly from other industrial and commercial enterprises and is divided into core capital and subsidiary capital. The performance of commercial banks is the comprehensive performance of profitability, safety and liquidity. The capital structure of the bank determines the ownership structure and the overall operating cost, and plays a decisive role in the bank's performance. Therefore, it is of great significance to analyze the capital structure of Chinese commercial banks and to study the impact of capital structure on the performance of listed commercial banks in China during the transition period. Firstly, some basic theories related to capital structure are introduced, and the existing research methods and conclusions are briefly reviewed. This paper analyzes the present situation and existing problems of the capital structure and performance of commercial banks in China, and analyzes the influence ways of the capital structure on the performance, and explains the urgency and importance of the research. This paper selects the relevant data of 16 listed commercial banks in China from 2010 to 2015 to express the capital structure with the nature and proportion of the first largest shareholding shareholders, the first five largest shareholders' shareholding ratios, the proportion of subsidiary capital, the capital adequacy ratio, and the total return rate of assets. Non-performing loan ratio and liquidity ratio represent performance. The multivariate linear regression model is established and analyzed by Stata software to study the influence of capital structure on performance. The results show that relatively concentrated equity structure can promote bank performance, and the nature of the largest shareholder has no significant effect on bank performance, and the proportion of subsidiary capital to total capital is positively correlated with bank performance. Capital adequacy ratio is significantly positively correlated with bank performance; capital adequacy ratio is significantly correlated with performance; and the expansion of asset size will not have a positive impact on performance. According to the empirical results, in order to optimize the capital structure of commercial banks and improve bank performance, combined with the current situation and empirical analysis of the results, put forward policy recommendations. With regard to core capital, the establishment of a moderately concentrated equity structure; the state must maintain a relative controlling position for systemically important banks, and introduce strategic investors to gradually increase the total and share of public reserves; and, in the case of subsidiary capital, Increase the proportion of subsidiary capital, adjust the structure of subsidiary capital, reduce banks' mutual holding of subsidiary capital, and develop innovative capital instruments.
【学位授予单位】：哈尔滨商业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33;F830.42

【参考文献】