Research On The Influence Of Capital Structure Of Listed Joint-Stock Commercial Banks On Their Operating Performance

The decrease of China's banking industry access threshold,cause problems in banking competition and bank performance decline,commercial bank capital structure optimization is beneficial to reduce the cost of capital,increase the tax saving effect,reduce bank risk,improve capital adequacy ratio,improve the performance of banks,but also can improve the level of corporate governance of banks.The advantage of reducing agency cost.Therefore,in order to optimize the listed joint-stock commercial bank's capital structure,this paper from two aspects of theoretical analysis and empirical analysis to explore the impact of bank capital structure of listed joint-stock commercial bank performance.First of all,based on the background of the banking industry increasingly fierce competition and joint-stock commercial bank reform,capital research constitutes an important significance to commercial banks and the real economy,then from the two aspects of the governance effect of tier one capital and tier two capital governance review to Literature at home and abroad were introduced.Secondly,on the basis of defining the connotation of capital structure and the connotation of commercial banks'operation performance,this paper introduces the theoretical basis of the influence of capital structure on performance.Finally,from the two aspects of mechanism analysis and empirical analysis,the impact of capital structure on performance is obtained.Theoretical analysis leads to the following results.First,the shortage of bank capital to commercial bank holdings of risky assets,thereby reducing the bank profitability,resulting in decreased performance;second,ownership concentration is high,increases the agency cost reduction performance,the relative concentration of ownership concentration reduces agency costs,promote performance improvement;third,shareholders to different causes effect of different governance,governance of state-owned shareholders may reduce performance,improve the corporate governance effect of shareholder performance and governance effect of the public to improve performance;fourth,internal financing by reducing the use of funds for banks to reduce the cost of capital constraints and improve performance;fifth,tier two capital increase performance through tax saving effect and the capital adequacy ratio increased.According to the empirical results,the following conclusions are drawn.First,the listed joint-stock commercial bank's tier two capital to total capital ratio and its operating performance was a significant positive correlation;second,the operating performance of the top ten shareholders of listed joint-stock commercial banks and a non significant positive correlation;third,the listed joint-stock commercial banks in the proportion of the first shareholder its performance is negatively related,and is not significant;fourth listed joint-stock commercial banks is the largest shareholder of the nature of its business performance is not significant positive correlation;fifth,the listed joint-stock commercial bank's capital adequacy ratio and its performance is not significant negative correlation.