Research On The Effects Of China's Commercial Banks Cross-border Corporate Governance

This paper summarizes the literature and theories about the commercial banks cross-border listing.For the study found that focused on the cross-border listing of motivation,aspects of cross-border listing,location mode selection,the impact of corporate governance and so on.So this paper integrates the various studies on commercial bank cross-listed angles,proposed cross-listing of commercial banks thinking framework.That action before the commercial banks because of research,commercial banks listed in the stock exchange listing of the order of select location and mode selection,study the effect of corporate governance after the listing.In this paper,the commercial banks while this particular group of empirical testing company,after the passage of the corporate governance of listed commercial banks are effectively promoting effects,commercial banks corporate governance and corporate performance linkages and cross-listing and corporate governance to enhance the efficiency of domestic contrast tested,as to whether cross-listing can effectively enhance the level of corporate governance provide valid evidence.This paper also examines the proposed cross-listing of commercial banks corporate governance issues three assumptions through empirical analysis.Namely: cross-listed commercial banks can significantly enhance the level of corporate governance;cross-listed companies to improve governance of commercial banks could be reflected in the value of the company;the degree of cross-border governance of listed for commercial banks companies was significantly higher than only increase in the domestic market.For the first hypothesis,this paper selects many documents research methods,as well as domestic and international corporate governance index more authoritative approach,to reflect the country's commercial bank governance indicators,building commercial banks Corporate Governance Index.By paired T-test screening capable of cross-border governance of companies listed commercial banks play a significant impact on the index.And the Corporate Governance Index paired T-test to verify whether cross-listed commercial bank corporate governance plays a significant role.For the second hypothesis is the relationship between cross-listed commercial bank corporate governance and corporate performance,before and after the use of corporate governance and corporate performance indices of seven indicators were robust regression test,because of the large size difference between the commercial banks in China,so we choose a number of the company's total assets as a control variable.To further confirm the effectiveness of cross-border listing,we design a control test.The before and after commercial banks listed overseas and governance as well as the level of performance only in the A-share listed companies listed commercial banks carried out a comparison by comparing its rate of change as well as non-parametric test applicable to non-normal distribution.Through theoretical and empirical cross-listed commercial banks we find an objective necessity and practical feasibility,and effective cross-border listing of the governance of the company to improve China's commercial banks.However,due to less amount of data available,the method is not perfect,after a cross-border gradually increased the number of listed banks can do further tests to prove.