Research On Chinese Listed Bank's Ownership Structure, Corporate Governance And Management Performance

Corporate governance, ownership structure is the basis of the merits of their set will be played on the effect of corporate governance have an impact, thereby affecting the company's operating performance. Listed banks in the country's economic system, the special business, the effectiveness of its stock structure is not only to its own corporate governance and business performance has an important role, and on a country's economy will also have an important impact. This paper selected in the 14 banks listed in China as the research sample, collected the three years 2007-2009 Annual Report data related regression analysis of ownership structure of listed banks, corporate governance and business performance relationship.The first chapter introduces the research background, the purpose of research ideas, logical structure and framework and the lack of innovation of this article; ChapterⅡintroduced the foreign ownership structure and corporate performance on the research status, the final status of domestic and foreign research conducted a comprehensive appraisal; the third chapter, the author from the theory of agency, etc., to define the ownership structure, corporate governance, the concept of performance, and the system describes the correlation between the three; fourth chapter of Ownership Structure of Listed Banks and the special status of corporate governance analysis; fifth chapter is the basis of research results at home and abroad, the author taking into account the special nature of banks, innovative with the "return on net assets/non-performing loan ratio" to measure bank overall performance, using data on the ownership structure of listed banks and empirical analysis of business performance.Conclusion by analyzing:the proportion of state shares and a negative correlation between bank performance, the proportion of corporate shares and there is a positive correlation between bank performance, the proportion of tradable shares and a negative correlation between bank performance; ratio and the negative correlation between bank performance; whether a bank listed overseas and Business Performance is not obvious. The proportion of top ten shareholding bank performance significantly with inverted "U-type" relationship, the proportion of the largest shareholder and the largest shareholder and bank performance advantages are negatively correlated.Finally, the summary text, improve the ownership structure of listed banks and corporate governance policy recommendations:optimize the ownership concentration; reduction of state shares, changes in national investment shareholders; to improve the main holders of tradable shares; appropriate to maintain corporate shares Stake; caution adequate equity participation of foreign banks a reasonable choice; improve general meeting of shareholders; sound supervisory system; establishment of independent directors nurture the talent market; to enhance transparency and disclosure; strengthening financial supervision.This contribution is:1.Of the ideas to be innovative, almost all previous research on the ownership structure and operating performance of a direct relationship between research, no account of the role of corporate governance, and in fact between ownership structure and corporate performance are not directly relationship, at best, only indirectly. Ownership structure and governance of the decision mechanism of corporate governance, corporate governance and then affect performance.2. Ownership structure and management structure of the relationship between the literature a lot, and few of the listed banks in isolation Ownership Structure and Performance of the literature. This paper chose the bank as the research object of this special industry, through empirical analysis of ownership structure of listed banks and the correlation between business performances.3.In the empirical research, this paper used a breakthrough before the Tobin Q value, return on assets, return on net assets and other financial indicators of the limits, trying to use to reflect bank performance and risk indicators combined with "net assets/non-performing loan ratio "as the study of China's listed banks operating performance measure.This deficiency is: 1.Sample some of the selected few, mainly because of the annual report has not been released in 2010, the end of 2009 China's listed banks, only 14, with some banks are still relatively short time to market, yet the validity of ownership structure time of research, so the stability of empirical results to be further verified.2. The performance evaluation of the situation can only reflect a certain stage, with some limitations.In addition, many factors affect the bank performance, such as policy factors, legal factors, and level of economic development; the paper did not discuss these factors in depth, so the impact on listed banks should take these factors into account further analysis.