本文關(guān)鍵詞：我國上市銀行股權(quán)結(jié)構(gòu)對銀行價值影響的實證研究　出處：《東華大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 股權(quán)結(jié)構(gòu) 上市銀行 企業(yè)價值 股權(quán)集中度

【摘要】：隨著公司治理理論的不斷發(fā)展,股權(quán)結(jié)構(gòu)已成為研究的熱門話題,近年來,我國學(xué)者在有關(guān)股權(quán)結(jié)構(gòu)與公司價值的實證研究方面取得了較為豐碩的成果。但是,眾多對股權(quán)結(jié)構(gòu)與公司價值的關(guān)系研究中卻很少涉及銀行業(yè),商業(yè)銀行在我國作為最重要的金融中介機(jī)構(gòu),對經(jīng)濟(jì)發(fā)展的作用不言而喻。并且,隨著國有銀行股份制改革在經(jīng)營市場化和競爭全球化浪潮中的深化,各商業(yè)銀行的紛紛選擇上市以及股權(quán)分置改革的完成,使我國商業(yè)銀行自身的發(fā)展進(jìn)入一個加速時期。所以對于我國的上市銀行其股權(quán)結(jié)構(gòu)的合理性,是一個值得討論的問題。 如何優(yōu)化上市銀行的股權(quán)結(jié)構(gòu),進(jìn)而提升其價值,對于已經(jīng)上市的銀行和即將上市的銀行,都有著重要的理論和現(xiàn)實意義。在我國現(xiàn)中有的有關(guān)銀行股權(quán)結(jié)構(gòu)對銀行價值影響的研究文獻(xiàn)中,所得到的結(jié)果也沒有統(tǒng)一,商業(yè)銀行作為經(jīng)營貨幣的特殊企業(yè),對一國經(jīng)濟(jì)發(fā)展和金融穩(wěn)定起著至關(guān)重要的作用,股權(quán)結(jié)構(gòu)與銀行內(nèi)部治理有著緊密的內(nèi)在聯(lián)系,不同的股權(quán)結(jié)構(gòu)會產(chǎn)生不同的治理結(jié)構(gòu),進(jìn)而影響到銀行價值。 本文首先引入了文章的研究對象,對相關(guān)概念進(jìn)行了明確,界定了我國商業(yè)銀行的股權(quán)結(jié)構(gòu)與銀行價值的內(nèi)涵,然后對已有文獻(xiàn)的研究方法和結(jié)論進(jìn)行了總結(jié),其次從基本理論出發(fā),介紹了委托代理理論和內(nèi)部人控制理論關(guān)于股權(quán)結(jié)構(gòu)與銀行價值的相互關(guān)系的分析,并對國內(nèi)外商業(yè)銀行的股權(quán)結(jié)構(gòu)進(jìn)行了比較,隨后從股權(quán)集中度和股權(quán)屬性兩個方面研究了股權(quán)結(jié)構(gòu)變動對銀行價值的影響,選取了相應(yīng)的衡量指標(biāo),對十六家上市銀行的數(shù)據(jù)作為研究樣本,通過相關(guān)分析和回歸分析,從相對長期的角度來研究股權(quán)結(jié)構(gòu)與銀行價值之間的關(guān)系,使研究的結(jié)論更具有說服力。最后,通過實證分析最終得出股權(quán)集中度與營業(yè)績效之間的倒U型關(guān)系,及在當(dāng)前現(xiàn)狀下不同屬性股權(quán)的變動對營業(yè)績效可能帶來的影響,并提出優(yōu)化股權(quán)結(jié)構(gòu)和提高銀行價值的對策建議。
[Abstract]:With the continuous development of corporate governance theory, equity structure has become a hot topic of research. In recent years, Chinese scholars in the empirical research on equity structure and corporate value have made a lot of achievements. Many studies on the relationship between equity structure and corporate value rarely involve banking, commercial banks as the most important financial intermediary in China, the role of economic development is self-evident. With the deepening of shareholding system reform in state-owned banks in the wave of marketization and globalization of competition, the commercial banks have chosen to list on the stock market and the completion of the split share structure reform. The development of commercial banks in our country has entered an accelerated period, so the rationality of the ownership structure of listed banks in our country is worth discussing. How to optimize the equity structure of listed banks, and then enhance their value, for the listed banks and the forthcoming listed banks. Both have important theoretical and practical significance. In our country, there are some researches on the influence of bank equity structure on bank value, and the results are not uniform. As a special enterprise operating money, commercial banks play a vital role in the economic development and financial stability of a country, and the ownership structure has a close internal relationship with the internal governance of banks. Different ownership structure will produce different governance structure, and then affect the value of banks. This paper first introduces the research object of the article, defines the related concepts, defines the ownership structure of commercial banks and the connotation of bank value. Then it summarizes the research methods and conclusions of the existing literature, and then introduces the principal-agent theory and insider control theory on the relationship between equity structure and bank value from the basic theory. And the domestic and foreign commercial banks equity structure comparison, and then from the ownership concentration and ownership attributes two aspects of the impact of equity structure changes on the value of banks, selected the corresponding indicators. Through correlation analysis and regression analysis, the relationship between equity structure and bank value is studied from a relatively long-term perspective on the data of 16 listed banks. The conclusion of the study is more persuasive. Finally, through the empirical analysis, the negative U-shaped relationship between equity concentration and business performance is obtained. Under the present situation, the influence of the change of different attributes on the business performance may be brought, and the countermeasures to optimize the ownership structure and improve the bank value are put forward.
【學(xué)位授予單位】：東華大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.33

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