摘要
本文首次从横向比较的视角,检验了2007-2015年商业银行境外引资基本特征与银行绩效的关系,结果表明,是否境外引资与银行绩效负相关,外资持股比例及持股时间与银行绩效均呈倒U型关系。以此结论为量化分类标准,本文首次将外资股东区分为战略投资者与财务投机者,进一步分组检验了商业银行境外引资后的股权结构特征与银行绩效的关系,结果发现,战略投资者在帮助商业银行完善股权结构优化公司治理方面的作用明显大于财务投机者。本文的研究成果将为商业银行防止外资股东从名义上的战略投资者蜕变为实质上的财务投机者提供理论依据和经验支持。
This paper uses data from 2007 to 2015 to test the correlation between basic characteristics and performance of commercial banks which introduced foreign shareholders from the angle of horizontal comparison.The results prove that overseas investment is negatively correlated with bank performance,and both foreign stock holding proportion and time are inverted u-shaped related with performance.And then we test the correlation between equity structure characteristics and banks' performance after the introduction of overseas investors.The result suggests that strategic investors play a more important role than financial speculators in helping commercial banks improve their ownership structure and optimize the corporate governance.
出处
《会计研究》
CSSCI
北大核心
2016年第10期34-41,共8页
Accounting Research
