董事会治理能改善银行的财务质量吗——依据商业银行的实证数据

Can Board Governance Improve the Financial Quality of Commercial Banks

根据2000年—2006年间全球376家上市商业银行的样本数据,对银行董事会相关的公司治理机制与银行可能发生财务危机的关系进行了研究。结果显示:(1)董事长与CEO两职合一的银行可能发生银行财务风险的概率较小。(2)董事会独立性对银行财务质量变化有一定影响,但其检验的结果并不特别显著。(3)银行的总资产规模、资产质量和财务杠杆对银行未来一段时期的财务变化趋势有显著影响。

On the basis of 376 annual reports of commercial banks from 2000-2006, this paper conducts a research on board structure and the probabilities of financial distress, and we find that ： 1 ） if the banks that CEO and COB are the same person, they will have lower probabilities of financial distress in the future; and 2） the independent Board has a certain effect on the change of the bank financial quality but its inspection effect is not significant; and 3） the gross assets size, the quality of assets and the financial leverage of commercial banks will have a remarkable effect on the financial situation of banks in the future.