商业银行运营效率与董事会治理

本文在对中国16家上市商业银行绩效进行前沿效率分析的基础上，建立以董事会规模、外部董事监事占比、CEO薪酬和管理层人均薪酬为基础的二元选择模型，对中国商业银行运营效率同董事会治理的关系进行了实证研究。结果表明，独立董事在商业银行公司治理中的作用并不明显，CEO薪酬和董事会规模对商业银行业绩并无显著影响，董事会规模过大无...

Operating Efficiency and Board Governance of Commercial Banks

Based on the analysis of the efficiency frontiers of 16 listed Chinese commercial banks’ performance, this paper builds a binary choice model, which is based on board size, proportion of external directors and supervisors, CEO’s compensation and average compensation of the management, and makes an empirical study of the relationship of operational efficiency and board governance of Chinese commercial banks. The results show that independent director’s influence on the governance of commercial bank is not obvious, CEO’s compensation and board size don’t significantly affect the performance of commercial bank, too large a board is not conducive to the improvement of operating efficiency. It is noteworthy that the increase of average compensation of the management will help bank to improve its efficiency. Therefore, commercial banks should design the incentive and restraint mechanism of the management on the basis of average difference and improve the design of incentive compensation system of the CEO and other senior management.