【作者】 张华；

【导师】 张国庆；

【作者基本信息】 兰州大学 ， 金融（专业学位）， 2021， 硕士

【摘要】 伴随着经济下行压力加大,利率市场化的逐渐深入都表明银行业外部经营环境发生不利变化,同时城商行自身资产的快速扩张也暴露出更大的风险,所以城商行迫切需要提高经营绩效从而应对环境变化带来的不利影响。在改善经营绩效的所有方式中,优化资本结构的效果最为明显。它对经营绩效的影响直接体现在两个方面,一是对于资本成本的决定直接影响城商行的经营成本,二是通过资本的调整使城商行治理机制发生变化,从而改变各种代理成本来间接影响城商行经营绩效。本文的目的是探究城商行资本结构对经营绩效的影响,首先分类梳理了资本结构影响经营绩效的国内外研究现状,并就主要资本结构理论与各类学者的观点进行阐述。利用城商行的经营数据得出城商行当前的经营状况,从理论角度探究了城商行资本结构对经营绩效的影响,之后利用实证进一步检验,最终得出城商行资本结构对其经营绩效影响的相关结论:(1)城商行第一大股东持股比例、外资持股比例均与其经营绩效呈正相关;(2)城商行前五大股东持股比例与城商行经营绩效呈负相关;(3)城商行存款增长率与其经营绩效呈正相关;(4)城商行二级资本增长率与其经营绩效正相关;(5)城商行资产规模与其经营绩效呈负相关;(6)城商行第一大股东为国有与其经营绩效正相关,最后就城商行资本结构存在的问题对城商行的发展提出相应建议。更多还原

【Abstract】 With the increasing downward pressure on the economy,the gradual deepening of interest rate marketization indicates that the external operating environment of the banking industry has undergone unfavorable changes.At the same time,the rapid expansion of city commercial banks’ own assets also exposes greater risks.Therefore,city commercial banks urgently need to improve their operating performance.Respond to the adverse effects of environmental changes.Among all the ways to improve business performance,the effect of optimizing the capital structure is the most obvious.Its impact on operating performance is directly reflected in two aspects.One is that the decision on the cost of capital directly affects the operating costs of city commercial banks,and the other is that the governance mechanism of city commercial banks is changed through capital adjustments,thereby changing various agency costs indirectly.Affect the operating performance of city commercial banks.The purpose of this article is to explore the impact of the capital structure of city commercial banks on operating performance.First,it sorts out the current domestic and foreign research on the impact of capital structure on operating performance,and elaborates on the main capital structure theories and the viewpoints of various scholars.Using the operating data of the city commercial bank to get the current operating status of the city commercial bank,explore the impact of the capital structure of the city commercial bank on the operating performance from a theoretical perspective,and then use empirical further testing,and finally draw the relevant conclusions about the impact of the capital structure of the city commercial bank on its operating performance:(1)The shareholding ratio of the largest shareholder of city commercial banks and the ratio of foreign shareholding are positively correlated with its operating performance;(2)The shareholding ratio of the top five shareholders of city commercial banks is negatively correlated with the operating performance of city commercial banks;(3)City commercial bank deposits The growth rate is positively correlated with its operating performance;(4)The second-tier capital growth rate of city commercial banks is positively correlated with their operating performance;(5)The asset size of city commercial banks is negatively correlated with its operating performance;(6)The largest shareholder of city commercial banks is state-owned and its The operating performance is positively correlated,and finally,the corresponding suggestions on the development of the city commercial bank are made on the problems of the capital structure of the city commercial bank.更多还原