Governance Effect Of China's Joint-stock Commercial Banks' Capital Structure Research

In recent years, with the development of world economics, in the global scope appeared the request to the tidal current of corporation governance reform. The commercial bank took one kind of financial enterprise, needs to establish the effective corporation governance to guarantee it normally, effectively revolve. In 2004, the Bank of China and the Chinese construction bank two state-owned commercial banks joint stock system transformation official start, causes the stock-holding commercial banks that is named "the second echelon" in the field of banks feeling pressure. If the stock-holding commercial banks want to get rid of this kind of awkward region, seek the new outlet to follow the step of market, must establish and consummate the good corporation governance, but establish the premise which the good corporation governance optimizes the capital structure. The capital structure choice had decided in the very great degree the choice of the stock-holding commercial banks corporation governance pattern and the height of corporation governance effect. Therefore, the paper tries to research the governance effect of China's stock-holding commercial banks' capital structure in order to find a way of improving its corporation governance, which can prefer theory and experience for realizing system creation and improving corporation governance effect of stock-holding commercial banks.Commercial bank's capital structure and the common enterprise both have same place and has the difference, the paper first commonly analyzes the governance effect of the equity structure and the debt structure and both governance effect, referring to the theory of capital structure and corporation governance and the character of commercial banks, has established the research frame system of the commercial bank initially "governance effect of capital structure". Afterwards through to British and American and German and Japanese commercial bank's governance effect of capital structure comparison, discovers the governance effect of capital structure of the various countries' commercial banks as politics, economy, history, culture reason has the certain difference, but along with the global economy integration, its governance effect of capital structure pattern is tending to the assimilation. If enhancing our...