Chinese Commercial Bank Governance Research On The Influence Of The Level Of Capital Buffers

By the U.S. subprime mortgage crisis triggered by the financial crisis led to the global financial market,not only caused a large number of business failures in real economy,at the same time also make many financial institutions have been affected.Is given priority to with commercial Banks of the stability of the financial institutions in the financial crisis facing the severe test.After the crisis,academia and practice on the causes of the financial crisis in succession and development on the research and discussion.Study found that the commercial bank system of cycle effect and capital regulation of pro-cyclical is considered to deepen the financial crisis.As a result,in 2010,the new Basel agreement(Basel III),the Basel committee proposed the"capital buffer" macro-prudential regulation tools,requiring Banks to increase the excess capital adequacy in the boom,for dealing with the impact of the economic downward legs.,the China banking regulatory commission(CBRC)is put forward in time,including provision of capital buffers and a series of regulatory measures,the new capital regulation schemes to cope with the risks of commercial Banks capital volatility,which makes it necessary to deeper understanding of the decision-making mechanism of commercial bank capital buffers and the related influencing factors.For commercial bank’s capital buffer influence factors research mainly around the economic cycle to expand the influence of capital buffers,but there are few literature review bank governance is an important internal factors that affect the level of bank capital buffer.As a key factor affecting bank inside a series of important decision-making and bank governance factors that affect the level of commercial bank’s capital buffer cannot be ignored.Based on inductive combing previous governance of commercial bank,on the basis of related literature,mainly from the perspective of principal-agent problems of bank governance,governance of the Banks on a theoretical analysis of the impact mechanism of capital buffer level,and selection of information disclosure in our country is relatively complete 38 commercial Banks,including state-owned Banks,joint-stock commercial Banks and city commercial bank in three kinds of current major commercial Banks in China from 2008 to 2014 annual report data,to quality of commercial bank ownership structure,board of directors and executives equity incentive three variables as proxy variable of commercial bank governance,governance and capital buffers,respectively from the bank governance and periodic characteristics of capital buffers and bank governance decomposition effect of capital buffers on three aspects to establish the empirical model and empirical analysis.Results show that ownership concentration is higher or commercial bank executives shareholdings,tend to hold lower level of capital buffers;The higher percentage and total number of independent directors of the board of directors of commercial bank’s capital buffer level is higher.Therefore,appropriate to reduce the commercial Banks to keep a proper executives shareholding ownership concentration,as well as the increase in the number of independent directors on the board of directors of than to improve the level of commercial bank’s capital buffer,and improve the management risk control ability,maintain the stability of the financial system in our country has the vital significance.