A Study On The Influencing Factors Of The Dynamic Adjustment Of The Capital Structure Of The Joint-stock Banks In China

With the deepening of the reform of Chinese financial system,the commercial reform of large-scale state-owned commercial banks in recent years,the establishment of new joint-stock banks and the entry of foreign banks one after another,the banking market of our country has become extremely fierce.In order to ensure that commercial banks have strong competitiveness,a good capital structure is essential.At the same time,with the new regulation gradually coming to the ground,it is more necessary to study the capital structure of commercial banks in order to prevent all kinds of financial risks and increase the pressure of supervision.Joint-stock banks as the backbone of China's banking industry,because the proportion of non-performing assets is relatively small,there are not too many policy loans and other burdens,so in the management of the opportunity.The system is more flexible and effective than the state-owned commercial banks,so it is more meaningful to study the capital structure and related problems of such banks.In view of it,the article regards the joint-stock bank as the main research object and the large-scale state-owned commercial bank as the reference object,through the theoretical research and the empirical research,carries out the research and analysis on the dynamic adjustment of the capital structure of the joint-stock bank.It is concluded that the lag of capital structure can significantly affect the current capital structure,the growth of banks,the pressure of bank supervision,and the economic growth rate of joint-stock banks.On the other hand,bank profitability,equity concentration,management holding,asset guarantee ability,bank size,bank risk are negative effects on capital structure,tax effect,liquidity,inflation.The effect of swelling rate was not significant.In addition,according to the dynamic capital structure model,the adjustment speed is 0.416,so we can see that in the current stage,the adjustment cost of the joint-stock banks is relatively large,the adjustment is relatively slow,and at the same time,In view of the influence of many factors on thecapital structure,the adjustment towards the optimal capital structure will be uninterrupted.Therefore,for commercial banks,it is necessary to optimize and adjust flexibly according to their own actual situation,including the efforts of the regulators to cooperate to achieve the bank.