Study On The Capital And Performance Of Listed Commercial Banks In China

The process of "integration" of the world economy has gradually accelerated,and the degree of opening up to the outside world has been increasingly deepened.Therefore,the financial market has achieved remarkable development in all areas.There are Loose financial regulations and a gradual deregulation of the business environment in the world economy,which have effectively reduced barriers to global capital flows.Also,the development of Internet technologies and information has provided financial globalization with technical support,which has greatly increased the convenience of capital flows.However,the deepening of financial globalization has increased the spread velocity of financial risks among countries,and the depth and breadth of transnational dissemination in corporate risks has gradually expanded.The degree of risk that the international capital market is facing has continued to deepen,and the possibility of financial crisis has increased as well.In 2008,the global financial crisis,which was triggered by the US subprime mortgage crisis,spread around the world.It made financial markets and the international economic order severely damaged,leading to dramatic changes in the world's economic landscape.And the banking industry in China was also greatly affected.Compared with banks in other countries,the starting of China's banking industry was relatively late.And because there were the imperfect corporate system,backward management style,and internal management flaws in China's banking industry,banks in China have accumulated many bad loans and bad debts in the past few decades.The instability of the financial system and its own vulnerability have resulted in the gradual accumulation of financial risks.The study focuses on the impact of the capital of China's listed commercial banks on the performance level.And it is of both theoretical and practical significance to analyze the factors of the operating performance of listed commercial banks in China from the perspective of bank capital quantity to the capital structure,as well as the interaction terms of them.This thesis adopts the annual data of 16 listed commercial banks in China from2008 to 2016.By establishing a dynamic panel regression model and using DIF-GMM methods for empirical analysis,the relationship between bank capital and operating performance is examined.The following conclusions are drawn: the core capital adequacy ratio is positively correlated with the bank's overall performance;the proportion of subsidiary capital to total capital is positively correlated with the bank's overall performance;the proportion of shares held by the top five largest shareholders is positively correlated with the bank's overall performance;The impact of the core capital adequacy ratio on bank performance is limited by the sum of the shareholdings of the top five largest shareholders.After theoretical analysis,the results obtained are consistent with the assumptions.Finally,combining the current development status of China's listed commercial banks,the thesis puts forward some suggestions and opinions on how to improve the bank's operating performance,and discusses which field and direction that academic community should focus on in the future.