基于GHM模型及其延伸的商业银行产权结构分析-政治经济学专业论文.docxVIP

f1 f1 ㈨III ㈨III I I II I II IIII II II[11J Y1 944966 摘 要 1999年9月巴塞尔委员会发布的《加强银行机构的公司治理》使得商业银 行治理问题成为全球关注的焦点。有效的治理结构是获得和维持公众对银行体系 信任和信心的基础，是银行业乃至整个经济体系稳健运行的关键所在。有效的治 理结构主要包括三个部分：明晰的产权结构，合理的组织结构和有效的激励约束 机制。这三者之间互相关联，缺一不可。明晰的产权结构是建立合理的组织结构 和激励机制的基础，是现代企业治理结构的核心。 随着我困银行jIk的不断丌放，银行业特别是商业银行面临的竞争压力也就不 断加大，对商业银行进行理论研究用水指导商业银行产权结构的改革越来越成为 迫切的事情。很多学者都对此作了研究，已有的研究成果很多，但研究仍不深入， 主要体现在：局限在委托一代理理论内，讨论在股东至上模式下如何对银行股东 的代理人进行激励的问题，不能区分银行的所有权和产权；对银行治理边界很模 糊，推崇银行利益相关者共享产权。本文『F是基于GHM模型及其延伸，从商业银 行作为后经理企业，知识要素的稀缺程度已经超越了实物资本的现实认知出发， 扬弃股东至上理论和利益相关者理论，提出了商业银行新的产权治理模式，即信 贷、研发和营销知叭11要素所有者掌握重要剩余控制权，股东享有实物资产的贴现 值。继而在此摹础上提出对于专业员工，普通员工，以及股东激励机制的改进方 法。 关键词：商业银行；GHM理论；剩余控制权；银行产权；知谚{要素 AbstractThe Abstract The govemance of Commercial Bank made a foCUS of global attention by the ”Strengthening the corporate governance of banking institutions”which was issued by the Basel Committee in September of l 999．Effective corporate governance could obtain and maintain the public trust and confidence in the banking system．it iS also the key to make the bank even the whole economic system run steady．Effective corporate govemance structure consists of three parts：the clear property rights structure。reasonable organizational Structure and effective incentive and restraint mechanisms．The three parts are interrelated and indispensable．The clear property rights structure iS the basis of a rational organizational structure and incentives．It iS the core of modern corporate governance structure． With our banks open to the world．banks particular commercial banks intersify its pressure．The study of the bank property rights structure is an urgmt matter．The Shareholder Primacy Theory proposed by manyproperty rights researcher is hardly convincing．The mode of Stakeholders share property iS difficult to obtain a correct understanding．So in my paper,i will combine the extension of GHM model by economists to analyze the configuration structure of property within the bank，try to gain new understanding：credit，research，marketi