国有商业银行公司治理与经营绩效研究.doc

PAGE PAGE 25 国有商业银行公司治理与经营绩效研究 摘要：随着我国金融行业不断发展，国有商业银行股份制改革基本落实，现阶段商业银行公司治理结构已初步建成。但在治理结构完善过程中，薪酬激励不足、监事会效率低下等问题逐渐显露，影响银行经营绩效的提高。在我国银行业体系中，国有商业银行居主体地位，在资源配置中处于重要地位，研究国有商业银行公司治理结构是推动银行业发展的重要前提。本文以我国国内5家国有商业银行为研究对象，选取2007——2015年各大银行经营数据为样本数据，以商业银行股权结构、董事会规模、高管薪酬激励和监事会规模四方面为切入点，运用多元线性回归对国有商业银行公司治理结构与银行经营绩效的相关性进行实证研究。结果显示：股权制衡度、控股股东性质、高管薪酬以及高管持股与国有商业银行经营绩效正相关，股权集中度、董事会规模、监事会规模与银行经营绩效负相关。因此，国有商业银行应优化股权结构、完善董事会结构、加强高管薪酬激励、规范监事会职能。 关键词：国有商业银行；经营绩效；治理结构 The Empirical Research of State-Owned Commercial Banks Corporate Governance on Operating Performance Abstract: Along with the development of financial industry and the reform of the State-owned Commercial Banks，Commercial Bank Governance structure of the company has been initially built. However, in the process of perfecting governance structure, lack of incentive pay, low efficiency of the supervisory board and other issues gradually revealed, which hinder the improvement of operational performance. In domestic banking system, state-owned commercial banks rank dominant position, which playing a great role in allocation of resources. Therefore, studying governance structure of State-owned Commercial Bank is an important prerequisite for the development of the banking sector. The article selects multiple linear regression with the data of 5 domestic State-owned Commercial Banks from 2007 to 2015, to analyze the relationship between corporate governance structure and bank business performance in commercial bank ownership structure, board size, executive compensation incentive and supervisory board size, then according to the results of the study, the article will put forward some suggestions on perfecting the bank governance structure. The results show that the equity restriction, the controlling shareholder of nature, executive compensation, and managerial ownership is related to the performance of State-owned Commercial Banks, the concentration of ownership and board size, the board of supervisors scale and the operating