An Empirical Study Of The Equity Structure And Performance Of Listed Commercial Banks In China

It has an important significance to study the performance of listed commercial banks, under the double background of the split share structure and the reform on commercial banks. The efficiency of corporate governance and company performance has a direct relationship, the ownership structure as the basis of corporate governance, which will effect the company's synthesized achievement eventually. In the modern economies, the listed commercial banks as a special enterprise, the validity of ownership structure plays an important role in the performer of commercial banks.Then, how will the listed commercial banks perform, facing the different equity structure, for these studies, different scholars give different conclusions. The way of the research of the paper is:we take commercial banks as SDB,SPD,CMBC,HXB,CMB and IBCL, which listed in Shanghai earlier,2003-2009 annual report of the 41 as research data,Explore the relationship of the Equity Structure and the listed commercial banks performanceThe framework is as the follows:The first chapter is to sum up the meaning of the article topic, research purpose and research result of domestic and overseas scholars.As the foundation, the reasonable of the Equity Structure is directly related to the efficiency of the corporate governance, which will influence the overall performance of the bank finally.This paper is in the context of these issues.The second chapter is to review the theory of the equity structure and efficiency. First, the meaning and classification of the Equity Structure is summed up. Then the theoretical foundation of the equity structure and the research of the efficiency are analyzed, including theory of separation of two rights, agency theory and stakeholder theory.The third chapter is to analysis the present state of commercial banks' of our country, with the comparative analysis. The conclusion that equity is relatively concentrated and the national equity still has an absolute advantage has been got by analyzing the characteristics of the equity structure of listed commercial banks. Then on the analysis of representative financial data of 14 listed commercial banks, commercial banks of our country still achieve the growth of bank assets and remain coordination equilibrium with quality despite the world economic crisis.The fourth chapter is the focus and the major contents are empirical study on the equity structure and efficiency of listed commercial banks. And the conclusions are as follows:(1)the relatively concentrated equity does not help to advance the commercial banks'efficiency as theoretical analysis; (2)the checks and balances of equity does not affect efficiency of listed commercial banks significantly; (3)the proportion of national equity to legal equity impacts the commercial banks'efficiency negatively;(4)floating stock is positively-linked with listed commercial banks'efficiency.The fifth chapter summarizes the main conclusions the analysis of the fourth chapter and recommends the following:(1)introduce the external shareholders of the corporate, to play the role of equity in the balance. (2) Improvement of strengthening the law to protect the interests of small shareholders. Strengthen small and medium investors to improve the law; people can make the internal exploitation of minority shareholders has become a lack of efficiency, to achieve the protection of minority shareholders. (3) reduce the proportion of state-owned shares to raise the proportion of outstanding shares. Increase in the proportion of tradable shares, to achieve internal and external oversight of listed banks in China; listed commercial banks have now established a Board of Supervisors and other internal oversight bodies. Circulation of equity can achieve effective external supervision...