【作者】 傅凌燕；

【导师】 刘春杰；

【作者基本信息】 浙江大学 ， 金融学， 2007， 硕士

【摘要】 商业银行是经营货币商品的特殊企业，其资本是商业银行经营的基础和风险保证。商业银行的三性目标之一的盈利性又决定了经营绩效对其的重要性。加入WTO融入全球竞争以后，我国商业银行以更快的速度发展和进步。但商业银行通过业务拓展、产品创新、机构发展、改制上市等途径提高经营绩效，又受到资本的约束。上市是所有银行的目标，银行也越来越被视为经营资本的特殊企业来看待。那么资本结构与绩效之间究竟有多大程度的联系呢?本文试对此关系进行分析和实证检验。虽然研究银行效率的文献很多，也已经发展成系统化、规范化和操作化，但从资本结构角度分析银行经营绩效的文献并不多，大多数停留在理论和规范化要求阶段。故本文基于资本监管的新要求，结合效率评价的研究文献，对银行资本结构与经营绩效的关系进行分析。第二部分开始分析影响的机理。从一般企业资本结构理论出发，强调资本结构对经营绩效的本质性影响，通过治理结构的间接性影响；同时突出银行资本有覆盖风险的职能，强调从账面视角和经济视角分别理解两者的关系。第三部分进行账面视角的分析和实证，第四部分是经济视角下两者关系的分析和试算，第五部分得出结论以及政策性建议。从整体上说，我国商业银行的资本结构与经营绩效表现出U型关系，而且大部分落在负相关关系的区域上，这与研究一般企业的结论较相似。表明商业银行在达到一定的资本管理后，减少负债，提高资本充足率，会提高经营绩效。同时商业银行风险资产业务的增多，却引起绩效的小幅度减少，故商业银行要拓展盈利性业务的范围。本文突出商业银行资本的风险覆盖职能，同时考虑到资本的成本问题，分析商业银行资本的特殊结构。并尝试从账面资本和经济资本两个不同视角理解两者间的相关关系，在进行具体的理论分析、试算和实证检验时，前后在逻辑上相互呼应。这也作为本文从内容和结构上的尝试和创新之处。更多还原

【Abstract】 As special enterprise, commercial banks’ capital can resist risk. One of the major goal of the commercial bank is profit. They should raise their capital adequacy ratios, thereby further strengthening their risk-prevention capacity and improve their management performance.After entering WTO, commercial banks develop steadily in the process of reform. All banks have carried out active exploration in such areas as establishing and perfecting capital structure, deepening internal reform, strengthening enterprise management, conducting effective supervision over risk and so on. How is the relationship of commercial banks’ capital structure and management performance?In view of other documents on commercial banks’ capital and bank efficiency, integrating book capital and custodial capital, this article carries out preliminary research. The second section carries out the mechanism of the relationship. The third section carries out research on book capital. The forth section carries out authentic research on economical capital. The fifth section obtains the conclusion. A negative correlation was found between commercial banks’ capital structure and management performance. And increased risk assets were reflected in little lower profits.This article examines the relationship between capital structure and management performance from capital of balanced sheet and economical point of view. Then conducts theory testing, calculation and substantial testing. Content and texture come as a logical consequence, this looks upon as innovation.更多还原