公司治理对上市商业银行风险的影响研究

Study of Impact of Corporate Governance on Listed Commercial Banks

上市商业银行的公司治理结构与其风险水平有紧密联系。该文基于公司治理的相关理论,收集了2007—2017年上市的14家商业银行的数据,并通过实证研究分析了影响银行风险水平的因素,发现所有权的集中度与银行风险呈倒“U”形相关,第一大股东是政府或国有法人,银行风险水平可能会提高;董事会的独立性、高管人员薪酬水平与银行风险呈负相关,适当扩大董事会规模有助于防范银行风险。研究结论有助于中国银行业从内部治理角度提高风险管理水平。

There is a close relationship between the corporate governance structure of listed commercial banks and the level of risks.Based on some relevant theories of corporate governance,by collecting the data of 14 commercial banks listed during 2007—2017,through empirical analysis,this paper analyzes the factors affecting the level of risks of banks.The result shows that there exists a relationship of reversed U-shape between the concentration ratio of ownership and banking risks.Where the first majority shareholder is government or state-owned legal person,the level of banking risks may become higher.In addition,there is a negative relation between the independence of board of directors,the level of remuneration for senior executives and banking risks.So,properly enlarging the size of board of directors would be helpful for preventing the banking risks.The conclusion of this study will be helpful for China′s banking industry to improve the level of management of risks from the respect of internal governance.