A Study On Impact Of Listed Bank's Capital Strluctlure On Financial Performance

Capital structure refers to the value composition and its proportion of various capital in the company. All along, the capital structure is the core issue of corporate finance decision-making. It is related to the company's financing and financing costs directly, which have an impact on the company's shareholders,creditors and other stakeholders.Commercial bank is a special industry of managing money and credit. For commercial banks, the capital is the basis of its management and the guarantee of the anti-risk. The reasonable capital structure plays a vital role in the realization of the financial objectives and the sustainable management of the commercial banks. Because the current economy of our country is in the economic new normal stage, and the pressure which comes from the foreign capital, therefore, the domestic commercial banks have to face a huge challenge.The key element for banking industry to maintain sustainable economic growth is to adapt to the new normal, to promote new change, to seek new development and determination.Therefore, as a commercial bank, its essence should be focused, reform and innovation should be deepen constantly, the capital structure should be optimized, financial performance should be improved,and the comprehensive competitiveness should be enhanced. Therefore, the present thesis regards the listed bank as the research object, to detect that how the financial performance is influenced by the capital structure of listed banks. And to find ways to improve the financial performance of commercial banks, so as to improve the international competitiveness of commercial banks. In addition, the research on the impact of the capital structure of listed banks on the financial performance is conducive to promoting the development of China's financial system, deepening the reform of the financial system. What's more,it will play a greater role in promoting the economic growth of China.Based on a brief literature review at home and abroad, the research ideas of the paper is put forward. Based on the introduction of the correlation theory of capital structure, and taking advantage of data to analyze the current situation of the capital structure of listed banks. And then introduce the financial performance and the related evaluation methods,analyze the basic situation of the financial performance of the listed banks combining with the data. Using the principal of component analysis method to extract the financial performance index, makes an empirical research of influence on the financial performance by the listed commercial banks' capital structure on the basis of constructing the multiple regression model of the capital structure and financial performance. The result shows that the nature of financial performance is positively related to the asset liability ratio, and has nothing to do with the proportion of the first shareholder. And the first major shareholder is negative to the relationship with the capital adequacy ratio. It's positively related to the capital adequacy ratio and the percentage of ancillary assets to total assets. On this foundation,a proposal is put forward to improve the equity structure,to increase the proportion of affiliated capital, to develop the green finance, and to improve the capital market in line with the actual situation of China's listed banks.