城市商业银行股权结构改革的制度经济学解释

产权结构的优化依然是城市商业银行完善公司治理、提高银行经营效率的决定因素。城市商业银行制度演变的逻辑起点,决定了地方政府对城市商业银行的绝对控制权的掌握,进而决定了城市商业银行产权制度安排的非效率特征,也决定了城市商业银行的产权结构改革的趋势。正是城市商业银行的产权结构的制度安排现状,成为产权制度强制性变迁的路径依赖。"金股"机制前提下的多元化股权制度安排,不失为城市商业银行产权变迁的政策切入点。

An Institutional Economics Analysis of the Shareholder Structure Reform of China's City Commercial Banks

Improving the ownership structure of China's city commercial banks remains decisive for improving their corporate governance and performance.The logical starting point of changes in the system of these banks places their absolute control in the hands of local governments,determines the non-efficient institutional arrangements of these banks' ownership structure,and determines the trend of reform of their ownership structure.The institutional arrangements for diversifying stock equity under the "golden shares" mechanism can well provide a policy opportunity to change the ownership of city commercial banks.