本文關(guān)鍵詞：我國上市銀行股權(quán)結(jié)構(gòu)對經(jīng)營績效的影響的實證研究　出處：《山東大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 上市銀行 股權(quán)結(jié)構(gòu) 經(jīng)營績效 因子分析

【摘要】：作為最重要的金融中介,銀行已成為國民經(jīng)濟的重要組成部分,對一國經(jīng)濟的穩(wěn)定和發(fā)展起著至關(guān)重要的作用。自2006年12月11日全面開放金融業(yè)以來,中國銀行業(yè)發(fā)展迅速,傳統(tǒng)股份制銀行蒸蒸日上,城市商業(yè)銀行如雨后春筍般涌現(xiàn),外資銀行也紛紛進駐中國市場。目前為止,外資銀行在我國設(shè)立的境內(nèi)法人機構(gòu)已超過40家。經(jīng)濟全球化的浪潮下,我國商業(yè)銀行面臨著前所未有的競爭壓力,只有努力提高自身的經(jīng)營績效才能在激烈的競爭中占領(lǐng)一席之地。 面對日益激烈的競爭,從2005年開始,我國商業(yè)銀行紛紛進行股份制改造,加快上市步伐。截至目前,我國已有13家全國性商業(yè)銀行和3家區(qū)域性商業(yè)銀行成功上市,上市銀行的健康發(fā)展也成了社會各界關(guān)注的焦點。如何優(yōu)化上市銀行的股權(quán)結(jié)構(gòu),進而提升其經(jīng)營績效,對于已經(jīng)上市和即將上市的銀行,都有著重要的理論和現(xiàn)實意義。 本文旨在研究兩個問題：①股權(quán)集中度在哪個區(qū)間時經(jīng)營績效最好?②國有股、法人股、流通股控制在何種比例時經(jīng)營績效最高?因此,文章選取了14家上市銀行2006-2012七年的資料,制成面板數(shù)據(jù),用因子分析法構(gòu)建了一個包含盈利性、流動性、安全性、成長性的綜合績效評價體系,然后通過固定效應(yīng)模型對股權(quán)結(jié)構(gòu)與綜合經(jīng)營績效之間的關(guān)系進行了回歸驗證。 本文得出的結(jié)論包括：①第一大股東持股比例與銀行綜合績效呈“倒U型”關(guān)系,最佳比例為38%；②前五大股東持股比例與銀行綜合績效正相關(guān)；③我國上市銀行股東間的制衡狀況并不理想；④國有股比例與銀行綜合績效呈“倒U型”關(guān)系,最佳比例為26%；⑤法人股比例與銀行綜合績效正相關(guān)；⑥外資股比例與銀行綜合績效呈“正U型”關(guān)系,當(dāng)外資股比例在10%左右時,綜合經(jīng)營績效最低；⑦流通股比例與銀行綜合績效正相關(guān)；⑧董事會和監(jiān)事會并未發(fā)揮其應(yīng)有的作用；⑨高管人員的薪酬激勵越高,銀行綜合績效越好；⑩目前我國上市銀行仍處在“規(guī)模優(yōu)勢”階段。 最后,結(jié)合理論與實證分析結(jié)果,本文提出了科學(xué)構(gòu)建績效評價體系、優(yōu)化股權(quán)結(jié)構(gòu)、完善公司治理、完善資本市場等有針對性的建議。
[Abstract]:As the most important financial intermediary, banks have become an important part of the national economy. Since December 11th 2006, China's banking industry has developed rapidly and the traditional joint-stock banks have been booming. City commercial banks have sprung up, and foreign banks have entered the Chinese market. Up to now, foreign banks have set up more than 40 domestic legal bodies in China. Under the tide of economic globalization. China's commercial banks are facing unprecedented competitive pressure. Only by striving to improve their own business performance can they occupy a place in the fierce competition. In the face of increasingly fierce competition, since 2005, China's commercial banks have been reforming the joint-stock system to speed up the pace of listing. Up to now. 13 national commercial banks and 3 regional commercial banks have been listed successfully in China, and the healthy development of listed banks has become the focus of attention. How to optimize the equity structure of listed banks. Therefore, it is of great theoretical and practical significance for banks that have listed and are about to go public to improve their business performance. The purpose of this paper is to study two questions: when the concentration of ownership is in what interval, the performance is the best? 2 state-owned shares, corporate shares, tradable shares control in what proportion of the highest operating performance? Therefore, the article selected 14 listed banks from 2006 to 2012 seven years of data, made into panel data, using factor analysis to construct a profitability, liquidity, security. The relationship between equity structure and comprehensive performance is verified by fixed effect model. The conclusion of this paper includes that the proportion of the first largest shareholder of the bank is "inverted U-shaped" with the bank's comprehensive performance, and the best ratio is 38. (2) there is a positive correlation between the shareholding ratio of the top five shareholders and the comprehensive performance of the bank; (3) the balance between shareholders of listed banks in China is not ideal; (4) the relationship between the proportion of state-owned shares and the comprehensive performance of banks is "inverted U", and the best proportion is 26%; (5) the proportion of corporate shares is positively related to the comprehensive performance of banks; (6) the proportion of foreign capital shares and the comprehensive performance of banks are "positive U-shaped". When the proportion of foreign capital stocks is about 10%, the comprehensive operating performance is the lowest; (7) the proportion of circulating shares is positively related to the comprehensive performance of banks; The board of directors and the board of supervisors did not play their due role; (9) the higher the salary incentive, the better the comprehensive performance of the bank; At present, China's listed banks are still in the "scale advantage" stage. Finally, based on the theoretical and empirical results, this paper puts forward some suggestions, such as constructing the performance evaluation system scientifically, optimizing the ownership structure, perfecting the corporate governance, and perfecting the capital market.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F830.42;F832.3

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