基于GHM模型的商业银行产权结构分析-政治经济学专业论文.docxVIP

Abstract The finance is the core of modern economy and the banking is the core of the finance in China. As an increasingly important subject of interest in a market economy of China, commercial bank is to ensure that entrepreneurial spirit continues to climb, and directly impacts on macroeconomic stability, and relates to the safety of the countrys financial system. The reform of commercial bank has become the major issues related to national development and stability. In order to systematically analyze the ownership structure of the commercial bank, this paper collates and summarizes the development of the theory of the firm. The mainstream theory of the firm is divided into two categories. One category includes those that neglect property rights and take them as given including the neo-classical theory of the firm and the principal-agent theory. The other includes those which recognize the importance of property rights including the transaction cost theory and the stakeholder theory and the modern property rights theory. Commercial bank is a special kind of enterprise, and the theory of the firm using to analysis the structure of property rights of banking is essentially the shareholders bottom-up model based on principal-agent theory and the stakeholders model based on stakeholder theory. But whether the shareholders bottom-up model or the stakeholder model has nothing to do with the companys core competence, it can’t explicate the emerging reality and economic phenomena reasonably. For this, we hope the GHM model and its development could analyses and researches the property rights structure of modern commercial bank, and then we can understand the property rights structure of commercial bank in China clearly, to find out the fundamental causes which exist in modern commercial bank’s property rights structure. So it can provide guidance and reference for the reform on structure of property rights in Chinas commercial bank. According to the important residual ri