摘要
本文通过构建以资产收益率为因变量,资本净额、员工人数等主要投入为解释变量,时间趋势变量、第一大股东性质、第一大股东持股比例及战略投资者虚拟指标为控制变量的随机效应面板数据模型,检验了城市商业银行的资本扩张效应。研究结果表明,随着城商行资本扩张,其经营绩效也得到较为明显的提升;同时,不同的资本金补充渠道在很大程度上影响了城商行的股权结构,从而也对城商行的经营绩效产生影响;此外,与资本补充密切相关的第一大股东性质及其持股比例,以及是否引进战略投资者都在一定程度上对城商行的经营绩效产生较为显著的影响。
By constructing a random effect panel data model of setting the return on assets as the dependent variable, net capital, number of employees and other major investment as the explained variable, time trend variables, properties of the first largest share-holder, the share ratio of the first largest shareholder and strategic investors virtual index as the control variables, the paper tests the effect of the capital expansion of city commercial banks. The research results show that with the capital expansion, the performance of the city commercial banks is rising more obviously. Meanwhile, different capital supplement channels greatly affect the equity struc- ture and performance. In addition, the first largest shareholder, the share ratio of the first largest shareholder as well as whether the in- troduction of strategic investors which are closely related to the capital supplement exert a significant impact on the performance of city commercial banks to a certain extent.
出处
《西部金融》
2013年第2期17-22,共6页
West China Finance
关键词
城市商业银行
资本扩张
经营绩效
面板数据
city commercial banks
capital expansion
business performance
panel data
