Research On The Comprehensive Performance Of Listed Commercial Banks Corporate Governance In Our Country

The banking industry plays a very important role in the economy of a country, its operating comprehensive performance is related to the national macro economic stability and development. Corporate governance is the core of modern enterprise system, the corporate governance of banks is the core of the modern banking system, banks corporate governance structure directly determines the bank comprehensive efficiency, good corporate governance structure is the fundamental for commercial banks to gain a sustained competitiveness, with the bank’s joint stock system reform and the process of marketization, the corporate governance of banks structure optimization is the route one must take to enhance the comprehensive competitiveness of banks.In this paper, the16listed commercial banks data in our country from2005to2010as the research object, normative research and empirical research methods combined using to research the comprehensive performance of listed commercial banks corporate governance in our country. First of all, the article elaborates the bank corporate governance related concepts and theoretical foundation, unifies the domestic and foreign scholars research results in corporate governance, corporate governance of commercial banks is subdivided into the equity ownership structure, board of directors, board of supervisors and executive incentive four aspects, and based on the ultimate control right theory, the traditional equity ownership structure to undertake new combing with the division, and analysis the present situation and existence problem of listed commercial banks corporate governance in our country, and also analysis the ultimate control right of listed commercial bank equity ownership structure, board of directors, board of supervisors and top managers’ incentive influence mechanism to the comprehensive performance, at the same time, union bank different nature, the commercial banks of our country is divided into state-owned commercial banks, national joint-stock commercial banks and city commercial banks; for performance measurement, this article elects10representative indicators from the bank’s profitability, shareholder profitability, safety, liquidity and growth five aspects, and applies principal component analysis method to find a comprehensive performance index.And then puts forward the assumptions, constructs a model, through empirical analysis draws the following conclusions:(1) the commercial banks’ultimate control rights concentration degree and the bank performance had significant inverted U relation;(2) the state of ultimate controller properties and bank performance there was a significant positive correlation;(3) the board of directors size with the comprehensive performance does not exist the nonlinear relationship, the board of directors size is negatively correlated with bank performance, but did not pass the significance test. Scale of the board of supervisors and bank comprehensive performance shows the significant inverted U relation;(4) the number of board meetings are negatively related to bank comprehensive performance, the board of supervisors meeting times are positively related to bank comprehensive performance, but both are not significant.(5) the proportion of independent directors and bank comprehensive performance are positively related, but not significant;(6) the bank executives compensation and comprehensive performance has significant positive correlation; bank executive ownership and bank comprehensive performance is negatively related to the relationship, but not significant;(7) in the state-owned commercial banks, national joint-stock commercial banks and city commercial banks, we found the comprehensive performance of city commercial banks are the best, the comprehensive performance of state-owned commercial bank is the worst.Finally, based on the above theoretical analysis and empirical study results, in order to improve the comprehensive performance of the listed commercial banks corporate governance, putting forward the following suggestions:our country participates in the corporate governance of bank, the ultimate control right ratio is maintained at a reasonable range; giving full play to the board of directors of the decision function, full play to the supervision function of board of supervisors; regulating the entry qualification of independent directors, selecting the number of the independent directors reasonably; improving the meetings" quality of the board of directors and the supervision function of the board of supervisors meeting; to further improve the incentive mechanism; strengthen the support and help to the city commercial bank’development...