Title of the Dissertation
An investigation into the relationship between the capital structure and the performance of listed commercial banks: evidence from China
A large number of scholars made their efforts to analyze the relationship between the capital structure and performance of listed enterprises and gained various conclusions in different industries. In addition, although the researches about this issue in the banks industry are numerous, the studies about this topic in developing countries are limited (Jansson, 2005). So it is meaningful to investigate the relationship between the capital structure and the performance of China's listed commercial banks. Besides, I am very interested in China's commercial banks and pay close attention to the performance of China's listed commercial banks. Thus, I am willing to study this issue.
Main Research Questions
With the globalization of the economy, bank industry gradually plays more and more important role in the economic development. As China reforms and opens the financial market, China's bank will have to face up to more challenges and competition from the foreign banks.
Thus, how to improve the performance of China's commercial banks has attracted close attention of scholars and China's government. In addition, According to the modern capital structure theory, the capital structure will have evident effect on corporate performance (Tuschke and Sanders, 2003). On one hand, capital structure will determine the financing methods and structure of the enterprises. On the other hand, the capital structure will have influence on the corporate governance, which will affect the corporate performance. Besides, the capital structure can be reflected by the ownership concentration and the nature of shareholders (Dhanaraj and Beamish, 2004). However, as China chooses the public ownership system, many stocks of listed commercial banks, can not trade freely (Jansson, 2005). Thus, this paper will take the stock liquidity into considerations to...