股权结构对我国商业银行公司治理的影响
1 Introduction介绍
本研究课题是关于股权结构的学习，影响因素对股权结构的影响因素，股权结构与经营的关系，以及股权结构对我国商业银行治理结构的影响。本文将首先介绍相关的业务术语，然后探讨这个主题更详细。此外，本文首先探讨了股权结构与公司治理结构之间的关系，然后重点研究了中国商业银行。
公司的股权结构是指不同类型的股票的比例和关系。公司的所有者是股东或者股权持有人，，他们拥有的股票叫做股票。股东不负责公司的日常经营或管理，但他们通常有权对经营业务的某些决定进行表决。股东权力与他们所拥有的股份成比例。不同类型的股权结构可以产生不同类型的组织结构和不同类型的公司治理结构，包括企业行为和绩效的最终决定。
1.1 Research project background and explanation of related business terms
This research project is about learning the ownership structures of shares, influencing factors on ownership structure, relationship between ownership structure and operation of business, and how ownership structure of shares influences governance of Chinese commercial banks. This paper will first introduce the relevant business terms and then explore this topic in more detail. In addition, this paper will first explore the relationship between the ownership structure of shares and corporation governance in general before focusing on Chinese commercial banks.
The ownership structure of a company refers to the proportions and the relationships between the different types of shares. The owners of shares in a company are stockholders or equity holders, and the shares they own are called equity. Shareholders are not responsible for daily operation or management of the corporation, but they normally have the right to vote on certain decisions about managing the business. Shareholder power is proportional to the shares they own. Different types of ownership structure can give rise to different types of organizational structure and different types of corporate governance structure, including the final decision making of the behavior and performance of the enterprise.
Is the ownership structure static or changeable? External macroeconomic environment, industry environment and competitive landscape affect a company’s strategic actions. Therefore, any changes that occurred in the external environment will bring changes into the ownership structure in the enterprises accordingly. For example, any political (P) changes, economic (E) changes, socio-cultural (S) changes, technological (T) changes, environmental (E) changes, and legal (L) changes, known together as PESTEL, in the external environment of the company can affect and change a company’s ownership structure of shares. Many studies have verified the importance of ownership structure and development of organizational structure, so corporations should carefully consider and react to changes in the environment.
An organization is dynamic, flexible and resilient. As a result from the external environmental changes, the ownership structure is a dynamicstructure that can be controlled, shaped and defined. The dynamic changes in the ownership structure of shares will eventually lead to changes in the organizational management structure and organizational operation structure.
The ownership structure within an organization is affected by capital, natural resources, technology, marketing, and experience in management, all of which parts are highly influenced by technological changes and globalization. With the emergence and rapid growth of a global network, the proportion of intellectually capital in the ownership structure is growing rapidly. Our society, under the influence of science and technology, is transforming into a society in which the human labor hires capital, away from an old society in which the capital is used to hire and wage human labor. Human capital has a unique identity in the enterprise, because they share and enjoy the fruits, profits and results from the operation of the enterprise. Human capital also shares the residual claim with the owners of capital. With the greatest power and strength in technology and science, the intellectual property capital nowadays has become the most important capital that decides the fate of organizations. This is a big change and big trend of our world. Therefore, the interest sharing model and the organizational structure model in business organizations are dominated and determined more or less by the dominant enterprise resource. In the content of globalization, the importance of human capital or intellectual properties capital has been becoming more and more prominent. This increasing importance of human capital has challenged the traditional concepts of “ownership” and “control” unprecedentedly. This challenge in renovating the traditional concepts of “ownership” and “control” has becoming a new subject of study of business management. Indeed, we argue that the ownership structure of shares is constantly changing, and the inner driving force for change is the development of technology and changes in methodologies of production. A good ownership structure in an enterprise has far-reaching implications for further development for business.
1.1.4 The relation between ownership structure of shares and corporate governance
1.2 Organization, structure, and contents of this essay
2 Literature review
2.1 Literature review of the impact of ownership structure of shares to corporate governance of commercial banks (around the world)
2.2 Literature review of the impact of ownership structure of shares to corporate governance of Chinese commercial bank
3.0 Current situation, challenges and problems of the ownership structure of shares and corporate governance of Chinese commercial bank
4.0 Solutions and suggestions on the ownership structure of shares and the corporate governance of Chinese commercial bank
References 文献
. [1] M. Ariff, L. Cam, Cost and profit efficiency of Chinese banks: A non-parametric analysis, China Economic Review, volume 19, Issue 2, (2008):260–273.
. [2] A.D. Brunner, J. Decressin,D.C. Hardy, B. Kudela, Germany’s three-pillar banking system: cross- country perspectives in europe, International Monetary Fund (2004). ISBN 1-58906-348-1. ISSN 0251- 6365.
. [3] W.G. Bowen, The board book: an insider’s guide for directors and trustees, W.W. Norton and Company, New York and London (2008). ISBN 978-0-393-06645-6.
. [4] A. Cadbury, Report of the committee on the financial aspects of corporate governance, Gee, London (1992).
. [5] D. H. Erkens, M. Hung, P. Matos, Corporate governance in the 2007?2008 financial crisis: Evidence from financial institutions worldwide, Journal of Corporate Finance, Volume 18, Issue 2 (2012):389–411.
. [6] J. P.H. Fan, O. M. Rui, M. Zhao, Public governance and corporate finance: Evidence from corruption cases, Journal of Comparative Economics, Volume 36, Issue 3(2008): 343–364.
. [7] M. Firtha, P. M.Y. Fungb, O. M. Ruic, How ownership and corporate governance influence chief exec- utive pay in China’s listed firms, Journal of Business Research, Volume 60, Issue 7 (2007): 776–785.
. [8] X. Fu, S. Heffernanb, The effects of reform on China?s bank structure and performance, Journal of Banking and Finance, Volume 33, Issue 1 (2009): 39–52.
. [9] R. Halloran, China’s decisive role in the Asian financial crisis, Global Beat Issue Brief No. 24. 27 (1998).
. [10] B.E. Hermalin, S.W. Michael, Boards of directors as an endogenously determined institution: a survey of the economic literature, Federal Reserve Bank of New York Economic Policy Review 9, no. 1 (2003): 7–26.
. [11] A. Garca-Herreroa, S. Gavilab, D. Santabarbarab, What explains the low profitability of Chinese banks, Volume 33, Issue 11 (2009): 2080–2092.
. [12] C. Jordan,Corporate Governance in Asia and the Asian Financial Crisis: Evidence of the Impact and Current Trends, OECD Conference on Corporate Governance in Asia: A Comparative Perspective (1999).
. [13] C.Jiang, S. Yao, Z. Zhang, The Effects of Governance Changes on Bank Efficiency in China: A Stochastic Distance Function Approach, China Economics Review, Volume 20 (4) (2009): 717–731.
. [14] S. Johnson, P. Boone, A. Breach, E. Friedman, Corporate Governance in the Asian Financial Crisis, Journal of Financial Economics 58 (2000): 141–186.
. [15] J.-K. Kanga, A. Shivdasani, Firm performance, corporate governance, and top executive turnover in Japan, Volume 38, Issue 1 (1995):29–58.
. [16] C. Kaserer, E. Wenger, The German system of corporate governance ? a model which should not be imitated, S.W. Black and M. Moersch (eds), Competition and Convergence in Financial Markets: The German and Anglo-American Models, Elsevier Science (1998): 41–78.
. [17] J.R. Macey, M. O’Hara, The corporate governance of banks, Economic Policy Review, Vol. 9, No. 1 (2003).
. [18] C.A. Mallin, Corporate governance developments in the UK, Handbook on International Corporate Governance: Country Analyses, Second Edition, Edward Elgar Publishing (2011). ISBN 978-1-84980- 123-2.
. [19] N. Rajagopalan, Y. Zhang, Corporate governance reforms in China and India: Challenges and oppor- tunities, Business Horizons, Volume 51, Issue 1, (2008):55–64.
. [20] I. Yamazawa, The Asian economic crisis and Japan, The Developing Economies 36 (3) (1998): 332–351.
本文编号：45930
本文链接：https://www.wllwen.com/wenshubaike/lwfw/45930.html
