Equity Structure,Financial Innovation and Operation Performance of China's Commercial Banks
As the main body of China's financial system,commercial banks are pla-ying an increasingly prominent role in optimizing the allocation of resources,enab-ling 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 per-formance is explored from the two aspects of equity concentration and equity bal-ance.The study shows that:(l)the"inverted U"relationship between equity con-centration 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 rela-tionship 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 struc-ture 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 im-prove business performance by optimizing the shareholding structure;second,to ac-tively respond to market changes to promote financial innovation and then improve bank performance;third,to strengthen external supervision,optimize bank supervi-sion and improve the capital market.
万方数据
维普
