The Study On The Impact Of Capital Structure On Commercial Performance Of Listed Commercial Banks In China

With the deepening of the marketization of China's financial market,China's financial industry is faced with more international challenges.Also with the rapid development of small and medium-sized commercial banks in recent years and the sudden emergence of Internet finance,the domestic financial market meets more and more fierce competition and the financial environment becomes more and more complicated.Commercial banks as the leading role in the financial industry also operate the special commodity-currency,need to improve the risk management capabilities and business performance to keep competiveness in such complicated external environment.And the capital structure optimization plays an important role in improving business performance,while the listed commercial banks have advantages at the asset size and quality.Thus the writer will analyze the influence and its mechanism of the capital structure on business performance based on the sample of 16 commercial banks listed in A-share,and will put forward the rational proposal according to the research,in order to provide some relevant theoretical reference for the non-listed commercial banks.In this paper,the writer took 16 listed commercial banks from 2008 to 2015 as a research sample by looking for data to measure the structure and performance,and using the principal component factor analysis to get comprehensive indicators which reflect the commercial banks operating performance.The writer divided commercial banks into state Holding large-scale commercial banks and small and medium-sized ones and used the regression analysis to compare the empirical results of the two types of commercial banks,finally gave some proposal and suggestions on how listed commercial banks improve business performance from the perspective of optimizing the structure of investment.The capital structures of large commercial banks and small and medium ones has both similar and different impact on operating performance based on the empirical results.The similar ones are impact of the ratio of the subsidiary capital to the core capital and the capital adequacy ratio on the performance of the business,while the different ones are the different impacts of the equity structure of the two types of listed commercial banks on business performance.The nature of state-owned and the proper equity concentration of small and medium-sized commercial banks can positively improve the business performance.However,the equity concentration has negative correlation with the business performance.In terms of the size of assets,the impact of different characteristics of listed commercial banks on business performance also differs from each other.