Executive Compensation, Ownership Structure, Board Characteristics and Efficiency of Commercial Banks——Based on the Empirical Panel Data Analysis of 16 Listing Commercial Banks
TAN Yan-zhi, XU Ming
Business School, Xiangtan University, Xiangtan, 411105, China
Abstract:
The paper builds Probit Model of operational efficiency and executive compensation, board characteristics and ownership structure respectively by envelopment analysis of data of 16 listing joint stock commercial banks from 2005 to 2010. Results show that the pay raise of commercial bank executives contributes to improve the efficiency of commercial banks. Shareholder structure concentration is negative to commercial bank efficiency. The size of the board lowers the decision making ability of commercial bank.
TAN Yan-zhi, XU Ming.Executive Compensation, Ownership Structure, Board Characteristics and Efficiency of Commercial Banks——Based on the Empirical Panel Data Analysis of 16 Listing Commercial Banks[J] Economic Survey, 2012,V1(5): 112-116