Empirical Study On The Impact Of Listed Bank's Capital Structure On Its Operating Performance In China

Financial industry is the important industry which development affect the economic. Under the background of economic globalization, our banks face the great pressure and challenge. Bring the performance of banks we can compete with oversea banks. The base of management is reasonable capital structure that can achieve financial goals. Capital structure affect business performance by the cost and risk of financing. Different capital indirect influence the business performance by governance structure of business.With the development of theory of the business governance, the foreign and domestic scholars have discussing the connection between the capital structure and performance of business from different point. The banking industry started late in our station. Under the station of continuous optimization of bank system, studying on the connection between the capital structure and performance of business is beneficial to find the problem to improve the performance of commercial bank.In this paper, firstly, we list the related theory of capital structure and business performance. Definite the commercial bank ownership structure. We select the 16 listed bank as our samples, and analyze the connection between the capital structure and performance of business. In empirical part, capital structure establish index from the core capital, subsidiary capital and capital adequacy. In business performance, The paper's explanatory variables is EVA and RORWA. In the previous paper, they use ROE or ROA as the explanatory variables. So, this paper use unbalanced panel data to research the influence between capital structure and business performance.In the present situation part of the study, under the supervision of efforts to increase capital adequacy aspects of the banking sector is relatively good, but in terms of ownership structure, the nature of the different banks are still very different. Operating performance, the major bank performance is acceptable in non-performing loan ratio and provision coverage and other aspects, but there are still the size, stage of development and other reasons that other indicators yield significant differences. The empirical part were:the largest shareholder equity ratio and operating performance was negatively correlated; relatively concentrated ownership structure is conducive to enhancing the performance of the bank; equity liquidity to improve the performance of listed banks to improve the effect is not very obvious; Subsidiary the proportion of bank capital has two sides to improve performance; help improve the bank's capital adequacy management performance. Finally, according to the empirical results of the optimization of the capital structure proposals from many aspects, we want to improve the competitiveness of the banks play a catalytic role.