Research On The Effect Of Property Right System Reform Of State-owned Commercial Banks

By introducing non-state-owned capital(including foreign capital,private investment,etc.),the reform of property rights system has constructed a multi-investment subject with mutual checks and balances under a series of property rights system arrangements and property rights structure design,and has become the main body of responsibility for the loss of assets.The reform of property right system is the inevitable requirement of the reform and development of China's economic system.Since the reform of property right system,state-owned commercial banks in China have realized diversification of ownership structure by introducing strategic investors and listing publicly,and gradually established and improved modern corporate governance structure.The reform of property right system can improve the operational efficiency of state-owned commercial banks and the whole financial industry in China.It can narrow the gap with the world's advanced banks.In view of this,the reform of property right system is of great practical significance to the improvement of the operation ability of state-owned commercial banks and the overall development of China's financial industry.This paper attempts to construct a comprehensive and objective evaluation system for the effect of property right reform of state-owned commercial banks in China,and make a follow-up evaluation and scientific analysis of the effect of property right system completed from three aspects of corporate governance,operational efficiency and risk-taking.It can greatly enrich and improve the existing property right theory,explore the property right system of commercial banks in line with China's national conditions,and provide a reference for China.State-owned commercial banks further deepen the reform of property rights system to provide theoretical basis.This article is divided into seven chapters.The details are as follows:The first chapter is the introduction.Firstly,starting from the current situation of property right system reform and reorganization and listing of state-owned commercial banks in China,this chapter puts forward the practical significance of the research on the effect of property right system reform of state-owned commercial banks in China.Secondly,it outlines the research methods and framework of this paper,and reviews and summarizes the literature from three aspects: property rights system reform and corporategovernance structure,operating efficiency and risk-taking.Finally,the innovation and shortcomings of this paper are summarized.The second chapter defines the relevant concepts of property right system reform of state-owned banks.Secondly,it elaborates the theoretical basis of property right system reform including principal-agent theory,transaction cost theory and property right theory in detail,which provides theoretical basis for subsequent chapter analysis.At last,it summarizes the reform mode and realization path of the property right system of state-owned commercial banks,which can be divided into absolute holding,relative holding,pluralistic and private holding,to provide reference for the reform of the property right system of state-owned commercial banks in China.The third chapter makes a profound analysis and comparison on the property right system reform of state-owned commercial banks.First of all,using game theory,this paper explains the interest differences between government departments and state-owned commercial banks,between shareholders and board of directors,between managers of state-owned commercial banks and between state-owned property rights and non-state-owned property rights in the process of property right system reform of state-owned commercial banks On.And use different game types to find out the best strategic solution of all parties in the game in the reform of property right system of state-owned commercial banks,so as to provide ideas for the reform of property right system of state-owned commercial banks.Secondly,it summarizes the experience and deficiency of the property right system reform of state-owned commercial banks.The fourth chapter from the perspective of corporate governance expounds the reform effect of property right system of state-owned commercial banks.First of all,the theoretical analysis of corporate governance effect is carried out.Secondly,the corporate governance of state-owned commercial banks is measured and evaluated.Finally,the empirical test on the impact of property right system reform on corporate governance of state-owned commercial banks is carried out and relevant conclusions are drawn.The fifth chapter analyzes the effect of property right system reform of state-owned commercial banks from the perspective of operating efficiency.First of all,this paper makes a general theoretical analysis of the operating performance effect of state-owned commercial banks,analyzes the particularity of corporate governance of state-ownedcommercial banks and the formation mechanism of corporate governance effect.Secondly,it analyzes the financial index system of state-owned commercial banks' operating performance.Finally,based on the dynamic effect model,it empirically tests the impact of property right system on the operating performance of state-owned commercial banks.Chapter six analyzes the effect of property right system reform of state-owned commercial banks from the perspective of risk-taking.On the basis of summarizing the risks faced by the commercial banks,especially the state-owned commercial banks,this paper first expounds and analyzes the general mechanism of risk bearing and its generation,then constructs the optimal risk bearing level model of banks to discuss the optimal risk bearing level of the state-owned commercial banks after the reform of property rights,and finally influences the state-owned commercial banks on the reform of property rights system based on the panel data model The risk undertaking of commercial banks is studied empirically..The seventh chapter is the conclusion and suggestion of this paper.On the basis of summarizing the conclusions of the previous studies,this paper puts forward some suggestions for further improving the property right system reform of state-owned commercial banks.The main research methods adopted in this paper include:1.comparative analysis.This paper focuses on the effect of property right system reform of state-owned commercial banks.By comparing the similarities and differences of different types of commercial banks' property rights system,we can effectively analyze the effects and shortcomings of the property rights system reform of state-owned commercial banks,and then we can evaluate the effects of the property rights system reform of state-owned commercial banks.2.theoretical analysis.Through the analysis and introduction of the basic theory of the property right system reform of state-owned commercial banks,and the elaboration and analysis of the three effects of the property right system reform,this paper tries to enrich and perfect the existing property right theory,and puts forward suggestions for further deepening the property right system reform of state-owned commercial banks in China.For theoretical basis.3,game analysis.Game theory can better reflect the changeable behavior results of participants in multi-party economic activities.In economic activities,the main participants adopt different coping strategies by observing and predicting the behavior of other participants.More suitable for complex real economic activities.In this paper,the game theory is used to analyze the principal-agent and free riding behavior in the property right system reform of state-owned commercial banks and the relationship between state-owned equity and non-state-owned equity.4.Empirical analysis.In this paper,we use dynamic effect model and panel data model to analyze and study the effects of property right system reform of state-owned commercial banks based on data.5.Model construction method.For the research on the corporate governance effect of the property right system reform of state-owned commercial banks,this paper attempts to build the optimal property right arrangement model of state-owned commercial banks,which is most suitable for the property right structure and dynamic change of state-owned commercial banks in China.For the research on the risk-taking effect of the property right system reform of state-owned commercial banks,this paper attempts to build the optimal risk-taking level model of banks based on the perspective of property right reform to study the optimal risk-taking level of state-owned commercial banks.The main innovation of this paper lies inOne is to establish a multi-perspective analysis framework.In view of the effect of property right system reform of state-owned commercial banks,this paper discusses and evaluates the effect of corporate governance,operating efficiency and risk-taking from three different aspects and perspectives,avoiding the one-sidedness brought by a single perspective in the past.The second is to combine qualitative analysis with quantitative analysis.In view of the three different angles of the effect analysis of property right system reform,this paper adopts the combination of theoretical analysis and empirical analysis.In the aspect of theoretical analysis,this paper attempts to build the model of measurement and dynamic operation mechanism and the model of optimal risk-taking level of state-owned commercial banks,and demonstrate the optimal arrangement of property rights of state-owned commercial banks in theory.In the aspect of empirical analysis,this paperuses dynamic effect model and panel data model to analyze and study the effects of property right system reform of state-owned commercial banks.The third is to use vertical and horizontal comparison to study the reform effect of property right system of state-owned commercial banks,so as to make the analysis more comprehensive.This paper selects relevant indicators to compare the changes of operating performance and risk-taking effect of state-owned commercial banks before and after the reform of property right system.Secondly,this paper compares state-owned commercial banks with joint-stock banks and urban commercial banks respectively,and compares the differences and advantages and disadvantages of corporate governance effect of commercial banks with different property right structures horizontally.