The Research On Corporate Governance Of State-owned Commercial Banks Based On Efficiency Perspective

Finance is the core of modern economy; banking occupies the leading position of finance。As the main body of banking, the reform of state-owned commercial bank affects the success or failure of the financial system, the safety of economy, and social stability。While corporate governance is the core of reform of state-owned commercial bank,is the precondition and basis of transforming the management mechanism, improving core competitiveness, enhancing sustainable development ability。But the present efficiency of corporate governance of state-owned commercial bank is very low。Under the new circumstances, studying the corporate governance of state-owned commercial bank is tremendous theoretical and practical significance。The article reviews the main theories of corporate governance, such as principal-agent theory, incomplete contract theory, beyond property theory, stakeholder theory, analyses its particularities, compares different modes abroad, summarizes the corporate governance of state-owned commercial bank in china, and dissects the existing problems. Then, distinguish two orientations of corporate governance, which is efficiency orientation and restriction orientation. Based on above analyses, we should follow efficiency orientation. The author also establishes a basic analysis framework for corporate governance of commercial bank efficiency oriented.In body of the article, researches the corporate governance of commercial bank from four dimensions, which is decision-making efficiency, management efficiency, executive efficiency and supervision efficiency, corresponding give some advices。The first, strengthen the function of strategic decision of the Board of director. Therefore, the role of the Party committee of CPC in bank should be orientated, to create the operating effectively conditions for the main body of the corporate governance. The second, studies the market-oriented mechanisms of banker's generation, incentive and withdrawal, analyses the culture of"rule by the voice of one man alone"and"keyman governance", then establishes a competency model for governors of branch bank. The third, expands the perspective of corporate governance of commercial bank to branches, building processing bank, carrying out flat management and EVA achievement appraisal, to make branches a rich vigorous value creation center。The fourth, cancel Board of supervisor, adjust internal auditing under the leading of the Board of director, and strengthen its functions of supervision, to enhance its efficiency, reduce the cost of supervision.Finally, establishes a evaluation system of corporate governance efficiency for state-owned commercial bank, using Analytic Hierarchy Process (AHP), fuzzy comprehensive evaluation, Data Envelopment Analysis (DEA) to empirically analyze the corporate governance efficiency of four listed state-owned bank.