Ownership dispersion and bank performance: Evidence from China

被引：25
|
作者：
Bian, Wenlong [1 ]
Deng, Chao [2 ]
机构：
[1] Sungkyunkwan Univ, Grad Sch China, Sungkyunkwan Ro 25-2, Seoul 03063, South Korea
[2] Guangdong Univ Foreign Studies, Sch Finance, Guangzhou 510006, Guangdong, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2017年 / 22卷
关键词：
Ownership dispersion; Bank performance; Large shareholders; BRITISH-COMPANIES;
D O I：
10.1016/j.frl.2016.12.030
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a unique hand-collected dataset of 115 China's commercial banks over the period 2007-2014, this paper investigates the effect of ownership dispersion on bank performance and explores the reason behind the relation. The results indicate that higher ownership dispersion improves return on assets (ROA), return on equity (ROE), and reduces the ratio of nonperforming loans (NPL). Moreover, lower ownership dispersion leads to higher loan concentration, testifying the hypothesis that ownership concentrated banks tend to offer huge loans to large enterprises that usually have connections with large shareholders. (C) 2017 Elsevier Inc. All rights reserved.
引用
收藏
页码：49 / 52
页数：4
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