Cooperative Banking Governance: Theoretical Mode And Empirical Test

In recent years, with the reform of commercial banks, bank governance gradually arouses the attention of theorists. It is widely recognized that improving cooperate governance mechanism is the core contents of state-owned banks' reform and is the efficient way to promote banks' competitiveness. Under the background of wide research in corporate governance of commercial banks in domestic and foreign, this article attempts to discuss the nature of cooperative banks (credit unions) governance.The paper starts with the special nature of cooperative banks, analyzes the bank governance mechanism of cooperative banks (credit unions). This paper includes six chapters: Chapter I is the introductory part; Chapter II is related literatures review, including the literatures of bank governance and the findings of cooperative banking institutions; Chapter III studies the theories of corporate governance of cooperative banking institutions; Chapter IV concludes the experience of cooperative banking governance through the analysis on organization, building of "three boards", share settings and voting rights; Chapter V studies the relationships between corporate governance mechanisms and performance in cooperative banking institutions; The final chapter summarizes the results, proposes some policy implications for improving the corporate governance of cooperative banks (credit unions).The main conclusions of this paper are as follows: There are many differences between cooperative banks (credit unions) and joint-stock commercial banks in the structure of property rights, democratic management, voting principle, organizational structure, market competition, external regulatory and operational objectives, so when we study the corporate governance of cooperative banks (credit unions), we must consider the special features of them; When we set up the equity ratio of eligible shareholders and investment shareholders, pay attention to the "value trap"; never try to expand the scales of the board of directors and board of supervisors blindly; make equity incentive to the management.