摘要
以《商业银行资本充足率管理办法》的资本分类为基础,将商业银行资本划分为权益资本、债务资本和混合资本三类,给出确定三类资本的估算模型,使用加权平均资本成本、剩余收益等模型对全流通条件下实行股权分置改革的五家银行三类资本的市场价值、资本成本进行了详细估算。
The capital structure and capital cost are the core of modem financial theory. Under the reformation of non - tradable shares, this paper first classifies the capital into three parts： core equity capital （CEC）, hybrid equity capital （HEC） and debt capital. Secondly, this paper has given the models of estimating the three types of capital respectively, and estimated the market value and cost of the five commercial banks by the methods of WACC （weighted average cost of capital） and the residual income model under the Entire Circulation. The results this paper obtained have reference function for Chinese commercial banks in determining capital cost and managing the capital, etc.
出处
《统计与信息论坛》
CSSCI
2009年第4期53-57,共5页
Journal of Statistics and Information
关键词
股权分置
资本成本
剩余收益模型
全流通
reform of non-tradable shares
capital cost
residual income model
the entire circulation
