A Economic Study On The Ownership Arrangement Of State-owned Commercial Bank

Enterprise system of state-owned banks leads a good many problems.Ownership arrangement is regarded as core and abstract epitome of the enterprise system .The paper virtually studies the enterprise system of satate-owned banks employing the analyses of the ownership arrangement.The paper researches the ownership arrangement based on the normative and positive analyses . Positive analyses include theoretic,or logistic studies and empirical studies .Empirical studies include econometric tests and cases analyses.The paper uses econometric softwares such as SPSS, DEAP, EMS and EWIEWS ,applies data envelopment analysis (DEA) model to evaluate the relevant efficiency of state-owned banks in China. To find out the key factors on the efficiency of banks in China, the paper build a regression model between the efficient value obtained from the "super-efficiency" DEA model and the various environmental factors.The paper also uses cases to analyse moral hazard of agents of state-owned banks,and international comparisons of ownership arrangement of banks.The paper researches the ownership arrangement with the paradigms of transaction cost and incomplete contract,simultaneously.In addition,the paper gives some opinions with the framework of principal-agent theory administratively controlled team,Barzel's public domain and Becker-Stigler's crime and punishment model.Conclusions are as follows. First, This analysis is the first attempt to study the ownership arrangement of state-owned banks systematically. Second ,offers a point of view about state-owned banks, trap of ownership arrangement.Third, the paper suggests that super-firm of government and semi-market contractual organization are the natures of state-owned banks. Fourth, proposes three points of view,failure of ownership sharing arrangement, contract of property right game and limitation of corporation property right. Fifth ,avoids limitation of samples select and regression analyses are more precise. Finally, puts forward strategy of non-administrative principal-agent and "four steps" .