Research On The Impact Of Board Structure For Performance Of Chinese Commercial Banks

In the modern company system,the ownership of the company and the business rights of the company are separated,which embodies the particularity and advanced nature of the modern company system.But it also produces some problems,such as the principal-agent problem.The board of directors and the management layer represent the interests of the owner and the operator respectively.The owner's income has derived from the dividend of the business profit,and the main income of the operator comes from the salary.The difference between the two sources of income results in the contradiction between the two maximizing interests.The study of corporate governance over the years has found that the core of the internal governance mechanism of the company is the allocation of power,and a reasonable and effective allocation of power can improve the performance of the company.This paper studies the function of board structure of different commercial banks on bank performance,and then puts forward new suggestions for improving the performance of commercial banks.This paper selects the annual and semi-annual data of 12 main board listed banks for 2007-2017 as the research sample.The number of board of directors,the proportion of independent directors of the board of directors,and the structure of the management authority on behalf of the board of directors are used as explanatory variables.The performance of Tobin's Q ratio represents the bank performance as an explanatory variable,and the multiple regression model is used.The type of panel data is regressed.At the same time,the paper makes a special analysis of 60 data of 12 banks during the financial crisis,in order to find out whether the influence of the board structure on the performance of the company in the special period is different.The results show that the size of the board and the proportion of independent directors have a negative effect on bank performance,but it is not significant.Whether or not in the financial crisis period,when the management power is too large,that is,CEO and the chairman of the board will have a significant negative effect on bank performance.At the same time,the effect of boar d structure on bank performance is different from commercial banks with different property rights.At the end of the paper,the corresponding policy recommendations are put forward according to the corporate governance of Chinese commercial banks.This article has great guiding significance for promoting the level of corporate governance of Chinese commercial banks and improving the performance of commercial banks in China.At the same time,it provides suggestions for Chin ese banks to deal with the financial crisis and from the perspective of corporate governance.In addition,this paper also provides references for banks with different property rights to enhance corporate governance,so as to improve the competitiveness of banks.