Joint-stock Commercial Banks Capital Structure and Agency Costs

摘要：

This paper using the very rapidly in Chinas development of joint-stock commercial banks as the object of study, based on the agency cost theory of Jensen and Meckling, drawing on existing research results, select the relevant indicators to describe the joint-stock commercial banks Capital Structure, and the theory combination of methods of analysis and empirical research to explore in this particular industry, capital structure, agency costs, and then proposed to optimize the capital structure to reduce the agency costs of rationalization proposals.

关键词： Joint-stock commercial bank ownership structure debt structure equity agency costs debt agency costs

作者: DAI Zhimin GUO Lu

作者单位: School of Economics & Management, Nanchang University, Jiangxi Nanchang, China, 330031 School of Statistics, Jiangxi university of Finance & Economics, Jiangxi Nanchang, China, 330013

会议类型: 国际会议

会议名称: The 4th (2012) International Conference on Financial Risk and Corporate Finance Management(第四届(2012)金融风险与公司金融国际研讨会 FRCFM)

会议地点: 大连

会议语种:英文

页码: 306-311

在线出版日期: 2012-07-07（万方平台首次上网日期，不代表论文的发表时间）