The Empirical Research Of China's Listed Banks Affecting Operating Performance

Compared with the general corporate, commercial bank's capital structure not only determines the value of the banks and financing costs, but the banks also decide to resist and defuse the size of risk. In the market economy conditions, the performance is one of the most important measure indicators which strength the overall competitive of a company. In the circumstances of qualities of domestic commercial banks have listed or prepare for listing, researching the capital structure of China's listed banks how to impact its operating performance, so as to provide a useful reference for just listed and the forthcoming listing commercial banks and enhance industry the ability to resist risk and international competitiveness of our banks, is the significance of this study.First, the article from the core capital (equity capital) and subsidiary capital (debt capital), the ratio between their own internal relations and the structure of relations between the two levels of commercial banks, capital structure has been defined. Under the conditions of our country the author analyze the capital structure characteristics of the listed banks. And through analysis and evaluation of the general approach to performance measurement, with the banking industry characteristics, the scribe build a multi-target performance measurement system, using principal component analysis and SPSS statistical software, reached a Comprehensive Evaluation index P of the listed bank's performance.Second, according to the capital structure define of the commercial banks, investigating the path that listed bank's capital structure how to impact the operating performance in theory. On the one hand, from two angles that equity stake in nature and concentration ,construing the core capital of the internal structure how to influence the performance of banks; on the other hand, from subsidiary capital of the core capital ratio, its impact on the performance is analyzed.Finally, the author construct a non-equilibrium panel data model, adopting its semi-annual sample data of listed banks since the market in the calendar year, and using a statistical method of Eviews, testing the relationship between theory and speculate on the results, the empirical test showed that: there was not a significant negative correlation between the first major shareholders and performance ratio; there is a Positive correlation between the ratio of top 10 banks shareholding and operating performance ; a negative correlation between the proportion of limited sale conditions shares and operating performance ;a Positive correlation between unlimited sale conditions shares and operating performance; subsidiary capital of the core capital ratio is associated with the bank's performance. At last, Positive test results and put forward relevant proposals.