Research On The Relationship Between Capital Structure And Business Performance Of Listed Commercial Banks In China

Finance is a barometer of Chinese economy,is the core of modern economy,the financial sector is mainly composed of banking,insurance and securities industry of the three pillar industries,and the banking industry in the important position in the financial system,the banking system of China to the people's Bank of Chinese as the core,commercial bank is the main business of banking the direct influence to the entire financial industry is stable and rapid development.Therefore,this paper selects the listed commercial banks in China as the representative of commercial banks.Capital is the foundation of commercial banks and the guarantee of resisting risks.The reasonable capital structure is very important for the realization of the commercial bank "s financial target and steady operation.From the 1987 "Basel agreement" to the "Basel agreement III" in the evolution of the banking sector can be seen in the regulatory level of capital in the process of the importance of the capital,the regulation of capital is also more and more strict on the.With the rapid development of financial market reform,the market competition is becoming increasingly fierce,challenges in the complex economic environment,the capital structure of commercial banks also has its own characteristics,analysis of China's commercial banks' capital structure,capital structure of commercial banks marketing on business performance,has important significance for the optimization of capital structure China's commercial banks and improve the performance of commercial banks.This paper first introduces the domestic and foreign scholars on the relationship between capital structure and operating performance of the current situation,defines the definition of the capital structure of commercial banks,introduces the theory of capital structure.From the early capital structure theory(including the theory of net income,net operating income theory and traditional theory),the theory of modern capital structure(including MM theory,revised after the initial tax MM theory,bankruptcy theory and balance theory),the new capital structure theory(including information theory,pecking order theory agency cost theory and control theory).Secondly,it introduces the theory of business performance and the method to measure the performance.Combining the two theories,the paper analyzes the present situation of capital structure and operating performance of listed commercial banks in china.Finally,the paper selects 16 listed commercial banks from 2011 to 2015 as the basis of the annual report,through empirical analysis of the relationship between China's listed commercial banks and operating performance.In summary,this paper argues that China's commercial banks from the reform and opening up after 30 years of reform and development has made great achievements,but the capital structure of China's commercial banks still need to further improve the business performance remains to be further improved.In this paper,based on the empirical analysis results,combined with the theoretical research,from the perspective of optimizing the capital structure of China's commercial banks,this paper puts forward some suggestions to improve the performance of China's commercial banks.