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The Relationship Of China's Listed Banks Between The Ownership Structure And The Value Of The Bank

Posted on:2011-10-02Degree:MasterType:Thesis
Country:ChinaCandidate:D LiuFull Text:PDF
GTID:2189360308969138Subject:Finance
Abstract/Summary:PDF Full Text Request
With the continuous development of the theory of corporate governance, ownership structure to become a hot research topic. In recent years, our scholars have made more fruitful results in the ownership structure and the value of the company. However, many of the research about ownership structure and company value rarely involve in the banking sector. In china's current literature about ownership structure of banks on bank value of the impact, the results obtained are not harmonized.Commercial banks as a special enterprise, carrying on money, that plays a crucial role to a country's economic development and financial stability. Ownership structure and corporate governance are closely linked. Different ownership structure will have a different governance structure, thereby affecting the value of the bank. Therefore, the purpose of this research is to explore which ownership structure is conducive to upgrading the value of bank.In this paper, the literature on the existing research methods and conclusions are summarized first. Second, from the basic theory, we describe the principal-agent theory and the theory of internal control with the relationship between the bank ownership structure and the value. Then, we define the content of ownership structure and bank value of china's commercial banks and select the corresponding measure.In this paper, the annual reports of listed banks in fourteen data as the research sample. Through correlation analysis and regression analysis, we obtain a more convincing conclusion from the relatively long-term perspective to study the relationship between the ownership structure and the value of banks.Finally, derived by empirical analysis, the proportion of corporate shares, ownership concentration index negatively correlated with bank value.Largest shareholder has a negative correlation with the bank value in the ownership structure of China's commercial banks.In view of the commercial banks of these characteristics, we propose to optimize the value of ownership structure and improve the banks Suggestions...
Keywords/Search Tags:listed banks, ownership concentration, liquidity, Banks Value
PDF Full Text Request
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