A Study On The Relationship Between Capital Structure And Performance Of Commercial Banks

China's commercial banks in the context of interest rate marketization are faced with the problem of declining capital adequacy ratio due to the slowdown in profitability and the improvement of capital supervision sta ndards.The preferred stock of stock and debt can be used as a supplement to banks when satisfying the conditions Class capital of the important channels.With the release of the "Opinions of the State Council on Pilot Preference in 2013",China once again opened the channel for the preferred stock to enter C hina's capital market.The capital structure of listed commercial banks mainly includes the following three aspects: 1.first-level capital;2.secondary capital;3.capital adequacy.This paper optimizes the capital structure through the issuance of preferred shares by listed commercial banks,and influences the performance of commercial banks by issuing the optimal capital structure before and after the preference shares.Thereby enhancing the competitivene ss of listed commercial banks.This paper starts from the perspective of the issuance of the preferred stock of commercial banks,and draws on some analytical methods of the influence of the capital structure on the performance of the enterprise,qualitatively from the commercial banks to issue a large number of preferred shares in the case,through the optimization of capital structure as a convergence point to explore business performance.The use of the panel model on the listed commercial banks before a nd after the issue of preferred stock before and after the impact of its business performance empirical study,and the use of the panel model on the listed commercial banks before and after the release of preferred stock before and after the impact of its business performance,The results of the release before and after the horizontal and vertical comparative analysis.This paper focuses on the study of the performance of the commercial banks' capital structure on the issuance of preferred shares in C hina.According to the explanatory variables selected by the bank's profitability,liquidity management ability and risk management as the guiding ideology,according to the three aspects of the capital structure : O ne level of capital,two capital,capital adequacy to select the explanatory variables.Using the eviews software for panel model regression analysis.The conclusions of this paper are as follows: 1.In the longitudinal comparison analysis,it is found that there is a significant and positive correlat ion between the first-level capital adequacy ratio and the net capital yield before the IPO is issued.However,after the issuance of preferred stock,an increase in capital adequacy ratio,but on the impact of net capital yield is not significant.The emergence of such a result,indicating that the economic growth in the decline in the situation,the issuance of preferred shares on the profitability is not much to enhance the role.However,the risk management capacity and liquidity management capacity found that the preferred stock after the release of risk management capabilities and liquidity management capacity of the indicators,the coefficient is greater than before the release of the preferred stock to increase the level of capital adequacy ratio,from this Two aspects to enhance the bank's business performance.2.In the horizontal comparison analysis,it is found that the optimized capital structure has a significant influence on the bank's liquidity management ability and risk management ability after the issuance of the preferred stock.Under the particularity of the liability of commercial banks,it shows that after the issuance of preferred shares,the scale of commercial banks and the increase of capital increase will pay more attention to the strengthening of commercial banks' liquidity management ability and risk management ability.Finally,the paper puts forward some policy suggestions based on the present situation of the capital structure of C hina's listed commercial banks and the results of empirical test.