公司治理与银行效率：来自中国上市商业银行经验证据-corporate governance and bank efficiency empirical evidence from chinas listed commercial banks.docx

ABSTRACTCommercial bank efficiency is an important embodiment of bank resource configuration. As financial markets developing and the degree of economic competition intensifying, it is very important to research the efficiency of commercial banks which supports the financial system in China. The rise of bank efficiency can not only provide power for economic development directly, but also promote the efficiency of the financial system in China and facilitate the scarce resources to flow orderly, finally realizing reasonable allocation of resources. Bank efficiency is affected by many factors at the same time. As commercial banks get reformed and listed, influence factors in the capital market of the bank efficiency become more complex. Therefore, it is important to explore and analyze corporate governance factors which are of great influence to the listed commercial banks, which is of important strategic significance for listed commercial banks developing under the new normalization, further improving bank efficiency and supporting the sustainable development of the economy.Based on relevant researches on bank efficiency and the actual situation of listed commercial banks in China in recent years, this paper uses the data of 16 Chinese listed commercial banks from 2008 to 2013 as the sample, and uses appropriate econometric model and methods of empirical research to research the cost efficiency and profit efficiency of listed commercial banks in our country. This paper discusses the influence of corporate governance factors on cost efficiency and profit efficiency, and proposes policy recommendations based on the research.The main research results and innovation are as follows:①Based on the review of literature of relevant studies on bank efficiency, this paper theoretically analyzes the relationship between corporate governance and bank efficiency. Hypothesis are put forward from four aspects of ownership structure, board governance, equity and management incen