Chinese Commercial Banks' Capital Structure

This paper examines the capital structure of the state-owned commercial bank and shared commercial bank in China under the background of Chinese economy transition and Institutional change, and applying new-institutional economics, financial economics, game theory, information economics and risk cost theories of capital, the comprehensive use the historic and logic deduction, empirical analysis and normal analysis, quantitative research and qualitative analysis and comparative institutional analysis. From the two aspects of institutional analysis and technique means, the paper makes a system research in 7 chapters. The basic argument in this paper is that the simple and single conditions of the capital structure of commercial bank in China have its deep institutional factors, and the optimization of the capital structure of commercial bank in China must undo the Lock-in Effect of "capital injection- consumption- capital reinjection", establish a capital management mechanism based on market's drive. The main contents are as follows:Chapter one is an introduction to the background of Chinese banking reforming and opening to the outside world, the challenge facing commercial bank in China, topic, practical significance, research approach, contents arrangement and some new ideas in paper.Chapter two is a survey of theoretical and empirical study on the capital structure of the commercial bank, including bank capital function, capital adequacy regulation, liquidity-insuring, bank corporate governance, risk management, deposit insure, etc. this survey shows some shortages about the capital structure of the commercial bank in transition economy, and becomes a basis of followed research.Chapter three is an empirical analysis on the state-owned commercial bank and shared commercial bank. The important conclusion is that deposit acts as a function of bank capital in the state-owned commercial bank under the guarantee of the national implicit prestige, but the capital stipulation effect is more obvious in the shared commercial bank.Chapter four analyzes the institutional mechanism of the capital structure characteristic of the commercial bank in China. Firstly, because of the banking system unbalance arrangement and the administration monopoly, the state-owned commercial bank undertakes the public financial service and pays the excessive reformation cost, and lack inside motive to...