【摘要】 本文在对中国商业银行股权结构现状进行深入分析的基础上,利用14家上市商业银行2007～2009年的面板数据,以衡量股权结构集中度和股东性质的多项指标为解释变量,对上市银行股权结构与综合绩效的关系进行实证分析。结果显示:第一大股东持股比例、前五大股东持股比例之和与综合绩效呈倒U型的二次曲线关系,国有股比例与综合绩效负相关,外资持股比例与综合绩效正相关。基于该结果,本文建议我国商业银行应选择"相对集中、多股制衡"的股权结构,适当降低国有股持股比例,并积极引入不同类型持股主体,以优化商业银行股权结构进而改善经营绩效。更多还原

【Abstract】 On the basis of deep analysis of the status quo of Chinese commercial banks’ ownership structure, with the 2007~2009 panel data of 14 listed commercial banks and indicators that measure ownership structure concentration and shareholders properties as explaining variables, this paper empirically studies the relationship between ownership structure and corporate performance. The results show that there is an inverted U type relationship between banks’performance and the shareholding proportion of the first largest shareholder and the top 5 shareholders. The proportion of state-owned shareholding has a negative effect on the performance and the proportion of foreign shareholding has a positive effect on the performance. Then the paper puts forward that Chinese commercial banks should select a relatively concentrated but balanced ownership structure, properly reduce the proportion of state-owned shareholding and pro-actively introduce different types of shareholders to optimize the ownership structure and further improve the corporate performance.更多还原