Equity Structure Of China’s Listed Banks On The Empirical Study Of The Impact Of EVA

Banking is the core areas of the financial industry, to whole economydevelopment orderly plays an important role in promoting it. When our countryfinancial market beginning to open to foreign banks, domestic banks are facing greatpressure of competition. In the fierce competitive environment how to improve thecompetitiveness of listed banks in our country, optimize the ownership structure,thereby improving the operating performance is particularly important.At the sametime in order to make up for the traditional financial index does not take into accountthe bank owned the opportunity cost of capital and risk factors such as insufficient,can be more comprehensive and perfect of China’s banking business performance, thispaper takes EVA as a listed bank performance evaluation index of listed banks, todiscuss how to improve its own advantage in the fierce competitive environment,improve its operating performance, therefore this article is based on the relation ofChina’s listed banks’ ownership structure and the EVA, to optimize the equitystructure of China’s listed banks, to improve their competitiveness by providing datasupport.This article is divided into five chapters, first discusses the equity structure ofChina’s listed banks and the EVA relation research significance, the domestic andforeign related research present situation carries on the review analysis, introduces theresearch methods and contents.Then, elaborated separately listed banks’ equitystructure and the relationship between EVA and theoretical basis, includingownership structure influence on the operating performance of the related theory andEVA theory. Based on this theory, this paper listed for longer periods of time in the8banks, selected the2010bank ownership structure and related data of listed banks inour country, the study of capital structure, and selected the deep development bank in1998-2010data specific analysis of ownership structure on the impact of EVA. Foraccurate analysis of equity structure of China’s listed banks and the relationshipbetween EVA, this paper selected the1998-201060samples, by forming theunbalanced panel data of China’s listed banks equity structure and the correlation ofEVA were analyzed by multiple regression analysis.The model test results showed that, the proportion of the first shareholder, thetop five shareholders proportion standard deviation, before the ten major shareholdersequity ratio of standard deviation and Z index and EVA have a negative correlation, the top five shareholders proportion and before the ten major shareholders equity ratioand EVA have different degrees of positive correlation between. State shareholderownership and EVA have a negative correlation, legal person share proportion ofshareholders and tradable shareholders ownership and EVA have significantlypositive relation. Control variables at different levels and the relationship with EVA.According to the results of empirical analysis, in order to improve the operatingperformance of listed banks in China as the target, this article from the listed bankitself and external environment two respects put forward policy suggestion.