商业银行公司治理与经营绩效分析-会计学专业论文.docxVIP

IV IV Following the clue of governance structure and operating performance, the paper analyzes the operating efficiency of the Chinese banks from a micro level of the governance structure. With an in-depth analysis of current situation of domestic governance structure, the paper takes on a quantitative analysis based on the 2004-2009 semi-annual data of Chinas five first listed banks: the empirical study focuses on a trend analysis of the banks history performance; the result shows that as Chinas banks gradually improved governance structure, operating performance of listed banks is gradually upgrading. Later the paper examines bank ownership structure, salary structure, financial structure, board size and bank asset size, and the correlation between business performances with a panel data model. Considering the characteristics of transition economies and banking reform process in the government-led characteristics, this paper adds the factors of government intervention and ownership to the regression equation of performance, and sets government control factors as control variables to further examine the performance of banks under government intervention. On studying the emperical relationship between the ownership structure of listed banks and the performance, the paper then concludes that an excessive proportion of the largest shareholders stocks may lead to low efficiency of banks, and thus weakened control of the largest shareholder may improve operating performance of listed banks. Government-controlled factors and property rights factors on the business performance have significant effects on listed banks. Non-state-controlled banks perform better than state-controlled banks. The numbers of independent directors have no significant impact on the performance of Chinese banks, but board size may relate implicitly to the performance. Foreign ownership factors have no significant effect on the performance of Chinese banks. In addition, assets that reveal the coh