Research On The Capital Structure Of Chinese Commercial Bank And Its Effect On Business Performance

Since the reform and opening,the development of commercial banks in China has achieved rapid development,but the commercial bank capital structure unreasonable situation still exists,main show is single capital formation,affiliated capital outside of core capital ratio is low,lead to commercial bank total capital shortage,capital adequacy ratio is low.In 2011,the China banking regulatory commission issued new regulatory standards against Basel Ⅲ guidance,build the supervision system of our country and the international regulatory standards system,put forward the higher regulatory requirements,as well as the milestones of the regulatory index.In order to meet the international financial rules,to speed up the pace of reform and construction of the financial industry,China also implemented a new regulatory approach in 2013.The new regulatory approach formulates core tier one capital,tier one capital adequacy ratio and capital adequacy ratio to exceed 8.5%,9.5% and 11.5%,and all levels of capital must have the ability to absorb losses.At present,most domestic commercial banks are not up to this standard,thus needs to improve bank capital structure and to add qualified capital.Studying on the capital structure of China ’s commercial banks and its impact on business performance is helpful to improve the capital structure of China’s commercial banks,strengthen the awareness of capital constraints and enhance the performance of China’s commercial banks.Through the construction of dynamic data model,this dissertation analyzes the characteristics of capital structure of Chinese listed commercial banks and its impact on business performance by using dynamic panel generalized moment method.Based on the present situation and the empirical analysis of the capital structure of listed commercial banks in China,this dissertation puts forward some policy suggestions to optimize the capital structure of China’s commercial banks.This dissertation consists of seven chapters: The first chapter is the introduction,which introduces the research object,the background of the topic and the related basic concepts.The second chapter is about the capital structure and business performance of the theoretical overview.This part introduces the basic theory of capital structure of commercial banks,discusses the definition of capital operation performance of commercial banks,the general methods of performance evaluation,and some problems in the performance evaluation system of listed commercial banks in China.The third chapter is about the capital structure of Chinese commercial banks,which analyzes the capital structure of China’s commercial banks and introduces the current situation and the existing problems of capital structure of Chinese commercial banks.It is believed that with the completion of the joint-stock reform of China’s commercial banks,the status of property rights has been broken,and with the national and municipal commercial banks going public and the introduction of overseas strategic investors,the property rights structure of China’s banks has been diversified.The fourth chapter analyzes the business performance of Chinese listed commercial banks.This part analyzes the performance of China’s commercial banks from the perspective of the profitability and growth of commercial banks in combination with the development of Chinese listed commercial banks.The fifth chapter analyzes the relationship between capital structure and business performance of Chinese commercial banks from the perspective of empirical analysis.The empirical analysis is divided into two parts: One is to test the impact of taxation factors on the capital structure by using the fixed effect model and the random effect model of the panel data.The second is to analyze the influence of the capital structure on the performance of China’s commercial banks which is indicated by comprehensive performance indicators constructed by principal component analysis.The regression model takes into account the continuity between performance.The sixth chapter is the policy proposal to optimize the capital structure of Chinese commercial banks.Based on the comparison of relevant research,this dissertation puts forward some policy suggestions to improve the capital structure of Chinese commercial banks and the business performance.The seventh chapter is the conclusion and prospect.This part puts forward the conclusion and main innovation of this paper,and makes a prospect for the follow-up study.