A Study On Optimization Of The Village Banks' Equity Structure

On the hand,as a new rural financial institutionon the historical stage,village bank is the institutional innovation of rural financial institutions in C hina,which is a supplement to the rural financial institutions.On the other hand,to some extent,village bank remit the contradiction between the little supply and the large demand of the rural financial in our country,which have important effect on the development of rural economy.However,there are some problems of village bank in equity ownership structure and corporate governance after ten years development.Many theories show that the enterprise shareholding structure has a significant impact on business performance,thus,the research of village banks' equity structure that explore the optimization direction of the it help to realize the sustainable development of village banks.This dissertation is based on the learning and absorbing of related domestic and foreign village bank theoretical achievements,demonstrating that the concentration and nature of the village banks' ownership structure are the optimization direction from the theoretical level according to theories of institutional economics and corporate governance,and achieving the improvement of financial performance.And then,on the level of mathematical model,we build the value model,between the controlling shareholders and supervisory shareholders,and the moral risk model,between the local capital and external capital,to demonstrate that the concentration and nature of the village banks' ownership structure are the optimization direction.Finally,we use the data of 45 village banks in Guangdong province from 2011 to 2015 to show that in the before.Through theoretical and empirical analysis,this dissertation concludes that firstly,we can promote rural village banks' financial performance by increasing the natural person shareholders and non-state-owned enterprises at present situation.Secondly,there is an inverted “U” shaped relationship between the main originator shareholding ratio and village banks' profit.That is to say that the main originator shareholding ratio will help to the profit in the present situation,but it may be gradually reduce as time goes on to better realizing the sustainable development of village banks.For the above conclusion,I proposed relevant policy suggestions:establish a rational equity withdrawal mechanism,guide local funds into the village bank and improve the governance structure of the bank itself.