Capital Structure Determinants Of Listed Banks In China:Based On The Implementation Of Basel ?

The financial crisis of 2008 brought huge losses to the global economy,this has led directly to the Basel ?,this deal heralds a big increase in capital management for commercial banks.Then,according to the related guidance of Base l?,our country introduced the Chinese version of Basel ?,the latter,s degree of supervision is not weaker than the former,s,hoping that the supervision ability of China,s banking industry will be connected with international regulations.And the reality,our commercial banks are under the impact of Internet finance and interest rate liberalization,it is a critical period for traditional business transformation,add in the impact of new capital controls,so there have many problems to our listed banks in adjustment of capital structure.Therefore,understanding the impact of Basel ?on the capital structure of our listed banks has many advantages to optimize the capital structure of banks and improve their capital management ability.This paper first reviews the theory and literature on capital management and capital structure optimization,based on the content of Basel ?and the particularity of listed banks,analyzing the present situation and problems of the capital structure of listed banks in China.Then the internal and external factors that affect the capital structure of listed banks are summarized,furthermore,analyzing these determinants from the empirical point of view.The empirical sample is 21 listed banks in addition to the banks listed in China in the past two years,the data of the sample is from 2007 to 2016,and the empirical model is the panel data model.From the result you can get that there is a positive correlation between asset size,growth,income tax rate and asset-liability ratio,and the impact of asset size is significant;the asset guarantee value,asset risk,profitability,inflation rate and Basel ?have negative correlation with the asset-liability ratio,and the impact of profitability and Basel is significant.? In addition,it also studied the influence of the determinants on capital structure before and after the implementation of Basel ?,the result is that only profitability and asset size have a significant impact on the asset-liability ratio before the implementation of the agreement;and after the implementation of the agreement,profitability,growth,asset guarantee value and inflation rate have a significant impact on asset-liability ratio.In addition,due to the large gap in the size of China,s banks,and to better understand the effect of Basel on ? banks of different sizes,the banks in the sample were divided into three groups by size and conduct empirical analysis respectively;the result is that Basel ?has a greater impact on small-and medium-sized banks,and all have negative correlation to the asset-liability ratio.Finally,in combination with the results of the empirical analysis and the current situation of listed banks in China,the paper puts forward some suggestions on optimizing the capital structure of listed banks in China;this includes improving asset quality and reducing bad assets;implement multi-channel supplementary capital and enhance the innovation of capital tools;improve the profitability,enhance the internal financing role and strengthen the government supervision to optimize the external environment.