| 摘要: |
| 摘要：商业银行作为我国金融体系的主体，在优化资源配置、赋能实体经济、推动经济高质量发展中的作用日益凸显。以我国上市商业银行2006－2021年面板数据为研究样本，从股权集中度和股权制衡度两方面入手，探究金融创新在股权结构与经营绩效之间发挥的作用。研究发现：（1）股权集中度与经营绩效间的倒“U”型关系在国有商业银行和股份制商业银行中显著存在，在城市商业银行和农村商业银行中未能显著体现；（2）股权制衡度与经营绩效间的正向关系显著存在于股份制商业银行、城市商业银行和农村商业银行中，在国有商业银行中未能显著体现；（3）金融创新在股权结构与经营绩效间发挥显著调节作用，其能够显著弱化股权高度集中对经营绩效提升的抑制作用，并显著促进股权制衡对经营绩效的正向作用。基于此，提出从优化股权结构方面改善经营绩效，主动应对市场变化以促进金融创新，强化外部监管并优化银行监管等政策建议。 |
| 关键词: 关键词：股权结构；金融创新；经营绩效；商业银行；调节效应 |
| DOI： |
| 分类号:F832.33 |
| 基金项目: |
|
| Equity Structure,Financial Innovation and Operation Performance of China’s Commercial Banks |
|
ZHOU Yang,ZHANG Tong-gong
|
|
(School of Economics and Management,Qingdao University of Science and Technology)
|
| Abstract: |
| Abstract：As the main body of China’s financial system,commercial banks are playing an increasingly prominent role in optimizing the allocation of resources,enabling the real economy,and promoting high-quality economic development.Taking the panel data of China’s listed commercial banks from 2006 to 2021 as the research sample,the role of financial innovation between equity structure and business performance is explored from the two aspects of equity concentration and equity balance.The study shows that：(1)the “inverted U” relationship between equity concentration and business performance exists significantly in state-owned commercial banks and joint-stock commercial banks,It is not significantly reflected in the urban commercial banks and the rural commercial banks；(2)The significant positive relationship between equity balance and business performance only exists significantly in joint-stock commercial banks,urban commercial banks and rural commercial banks,It has not been significantly reflected in the state-owned commercial banks；(3)Financial innovation plays a significant role in regulating the shareholding structure and business performance,It can significantly weaken the inhibitory effect of the high concentration of equity on the improvement of business performance,And significantly promote the positive effect of equity checks and balances on business performance.Based on this,relevant policy suggestions are put forward：first,to improve business performance by optimizing the shareholding structure；second,to actively respond to market changes to promote financial innovation and then improve bank performance；third,to strengthen external supervision,optimize bank supervision and improve the capital market. |
| Key words: Key words：Equity Structure；Financial Innovation；Operation Performance；Commercial Bank；Regulatory Effect |
