【摘要】：銀行在我國金融體系中的主導(dǎo)地位不可置否,且往往在金融資產(chǎn)配置過程中扮演著核心角色。隨著我國銀行股份制改革和金融體制改革進(jìn)程中戰(zhàn)略投資者引進(jìn)、首次公開發(fā)行以及放寬民營資本準(zhǔn)入等一系列政策、事件的發(fā)生和推進(jìn),銀行股權(quán)結(jié)構(gòu)作為銀行內(nèi)部治理結(jié)構(gòu)中最重要的部分之一,對銀行自身發(fā)展的作用以及同績效之間的相關(guān)性越來越受到國內(nèi)學(xué)者的重視。但是需要指出的是,雖然我國銀行業(yè)經(jīng)歷了一系列改革,銀行股權(quán)結(jié)構(gòu)與治理結(jié)構(gòu)完成了一定的“形塑”,但是這種背后是一種由上至下的設(shè)計(jì)理念,經(jīng)營目標(biāo)行政化、治理結(jié)構(gòu)半行政的問題仍然嚴(yán)峻。銀行業(yè)仍普遍存在股權(quán)結(jié)構(gòu)失衡、股權(quán)高集中度、政府干預(yù)等問題。因此,對銀行股權(quán)治理結(jié)構(gòu)和績效的相關(guān)性分析不僅能讓我們更深入地認(rèn)識(shí)我國銀行業(yè)的改革,也對我們理解新一輪提出的混合股份制改革大有裨益。在這樣的背景下,本文擬對我國上市銀行股權(quán)分置改革后的股權(quán)結(jié)構(gòu)與績效之間的相關(guān)性進(jìn)行研究。首先,本文在梳理銀行股權(quán)治理對績效作用機(jī)制的理論基礎(chǔ)上,歸納分析了當(dāng)前國內(nèi)外研究對于銀行股權(quán)結(jié)構(gòu)和績效的相關(guān)性討論。其次,鑒于不同國家的經(jīng)濟(jì)制度、發(fā)展進(jìn)程不同會(huì)影響兩者之間的相關(guān)性,本文從我國商業(yè)銀行股權(quán)分置改革后的現(xiàn)實(shí)情況出發(fā)分析我國上市商業(yè)銀行股權(quán)結(jié)構(gòu)和績效的相關(guān)性。本文從文獻(xiàn)中歸納出股權(quán)屬性、股權(quán)集中度、股權(quán)制衡度三個(gè)衡量股權(quán)結(jié)構(gòu)的維度并結(jié)合了2007-2015年我國上市銀行股權(quán)結(jié)構(gòu)和經(jīng)營績效現(xiàn)狀分析提出其與經(jīng)營績效的相關(guān)性方面的假設(shè)。文章通過變量的描述性統(tǒng)計(jì)、相關(guān)性檢驗(yàn)和多元回歸分析,闡明了我國上市銀行股權(quán)結(jié)構(gòu)與績效的相關(guān)性并驗(yàn)證了相關(guān)假設(shè)。本文的研究結(jié)果表明:對我國上市銀行而言,其股東權(quán)屬性質(zhì)與其績效表現(xiàn)不顯著相關(guān);我國上市銀行的股權(quán)集中度與其績效表現(xiàn)出顯著的負(fù)相關(guān)關(guān)系;銀行股東股權(quán)的相互制衡能夠顯著地提升上市銀行績效。最后,本文基于實(shí)證分析的結(jié)論對如何優(yōu)化我國銀行股權(quán)結(jié)構(gòu),從而進(jìn)一步地提升其股權(quán)治理效果而使得其經(jīng)營更有效率提出了相關(guān)對策和建議。一方面,我們在促進(jìn)股權(quán)多元化并穩(wěn)步推進(jìn)銀行股權(quán)混合制的同時(shí),需要真正實(shí)現(xiàn)銀行在這種股權(quán)結(jié)構(gòu)的安排下的有效治理。另一方面,對于實(shí)現(xiàn)銀行股權(quán)的有效治理,外部治理機(jī)制,如經(jīng)理人市場、資本市場的建設(shè)和安排也有一定的積極作用。
[Abstract]:The leading position of banks in China's financial system is inevitable and often plays a central role in the process of financial asset allocation. With the introduction of strategic investors, initial public offering and relaxation of access to private capital in the process of banking reform and financial system reform, events have taken place and pushed forward. As one of the most important parts of the bank's internal governance structure, the equity structure of the bank has attracted more and more attention from domestic scholars for its role in the development of the bank itself and its correlation with the performance. However, it should be pointed out that although China's banking industry has undergone a series of reforms, the equity structure and governance structure of banks have been "shaped" to a certain extent, but behind this is a top-down design concept with administrative management objectives. The problem of semi-administration of governance structure is still severe. There are still many problems in banking industry, such as unbalance of equity structure, high concentration of equity, government intervention and so on. Therefore, the correlation analysis of bank equity governance structure and performance can not only help us understand the banking reform in China, but also help us to understand the new round of mixed stock system reform. In this context, this paper intends to study the correlation between equity structure and performance of China's listed banks after the split share structure reform. Firstly, on the basis of combing the mechanism of bank equity governance on performance, this paper summarizes and analyzes the correlation between bank equity structure and performance at home and abroad. Secondly, given the economic systems of different countries, different development processes can affect the relevance between the two, This paper analyzes the correlation between equity structure and performance of listed commercial banks in China. This paper induces the ownership attribute, the ownership concentration degree from the literature. The three dimensions of equity balance measure the equity structure of listed banks in China from 2007 to 2015 and put forward the hypothesis of the correlation between equity structure and operating performance of listed banks in China from 2007 to 2015. Through descriptive statistics of variables, correlation test and multiple regression analysis, this paper clarifies the correlation between equity structure and performance of listed banks in China and verifies the relevant assumptions. The results show that: for the listed banks in China, the ownership nature of shareholders is not significantly related to their performance, and the ownership concentration of listed banks in China is negatively related to their performance. The checks and balances of shareholders' equity can significantly improve the performance of listed banks. Finally, based on the conclusion of empirical analysis, this paper puts forward some relevant countermeasures and suggestions on how to optimize the equity structure of Chinese banks, so as to further improve the effect of equity governance and make their management more efficient. On the one hand, we need to realize the effective governance of banks under the arrangement of equity structure while promoting equity diversification and steadily advancing the mixed equity system of banks. On the other hand, external governance mechanisms, such as manager market and capital market, also play a positive role in the effective governance of bank equity.
【學(xué)位授予單位】：云南財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.33

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 仲繼銀;;安邦強(qiáng)入室:民生銀行治理走向何方[J];董事會(huì);2015年Z1期

2 戴艷萍;徐加根;;銀行股權(quán)結(jié)構(gòu)競爭性均衡分析:控制權(quán)收益模型[J];財(cái)經(jīng)科學(xué);2015年02期

3 馬靜;黃福廣;田瑤;;股權(quán)多元化和我國上市銀行的綜合績效[J];南開經(jīng)濟(jì)研究;2014年03期

4 李維安;;我國銀行治理改革與發(fā)展[J];中國金融;2014年06期

5 杜莉;張鑫;;國有商業(yè)銀行產(chǎn)權(quán)制度改革績效評析[J];經(jīng)濟(jì)學(xué)家;2014年02期

6 趙尚梅;史宏梅;杜華東;;地方政府在城市商業(yè)銀行的大股東掏空行為——從地方政府融資平臺(tái)貸款視角的研究[J];管理評論;2013年12期

7 龔光明;曾照存;;公司特有風(fēng)險(xiǎn)、管理者風(fēng)險(xiǎn)特質(zhì)與企業(yè)投資效率——來自中國上市公司的經(jīng)驗(yàn)數(shù)據(jù)[J];經(jīng)濟(jì)與管理研究;2013年11期

8 潘敏;張依茹;;股權(quán)結(jié)構(gòu)會(huì)影響商業(yè)銀行信貸行為的周期性特征嗎——來自中國銀行業(yè)的經(jīng)驗(yàn)證據(jù)[J];金融研究;2013年04期

9 郝項(xiàng)超;;商業(yè)銀行所有權(quán)改革對貸款定價(jià)決策的影響研究[J];金融研究;2013年04期

10 雷令斌;馮楚楚;郭志勇;;股權(quán)性質(zhì)、股權(quán)集中度、股權(quán)制衡度與經(jīng)營績效關(guān)系探討[J];商業(yè)時(shí)代;2012年32期

相關(guān)博士學(xué)位論文 前2條

1 鄭榮年;終極控制權(quán)視角下地方政府控制與銀行行為研究[D];武漢大學(xué);2012年

2 譚興民;中國上市銀行公司治理結(jié)構(gòu)與治理績效關(guān)系研究[D];重慶大學(xué);2012年

相關(guān)碩士學(xué)位論文 前1條

1 馮青雙;關(guān)于我國商業(yè)銀行終極股權(quán)結(jié)構(gòu)的研究[D];吉林大學(xué);2014年

，

本文編號(hào)：2254686