CAJ | 학술논문

农村合作银行将合作制与股份制相结合是农村信用社改革的结果。文章采用9家浙江农村合作银行2007-2011年的数据，运用相关性检验、KMO和球形Bartlett检验、主成分分析和回归分析进行实证研究，系统分析了浙江省农村合作银行资本结构的决定因素。结果表明：银行规模、经济周期、不良贷款率、资本担保价值和总资产增长率与资本充足率是负相关并存在显著的影响；净资产增长率、净利润增长率、监管压力、通货膨胀变化、营业收入增长率和核心负债依存率与资本充足率呈正相关并存在显著的影响；资本成本和所得税对资本充足率产生的影响是负相关且不显著的。根据结论提出浙江农村合作银行应实现普通股股东结构和股权占比结构的优化，特别注重引进境外战略投资者等。
농촌합작은행장합작제여고빈제상결합시농촌신용사개혁적결과。문장채용9가절강농촌합작은행2007-2011년적수거，운용상관성검험、KMO화구형Bartlett검험、주성분분석화회귀분석진행실증연구，계통분석료절강성농촌합작은행자본결구적결정인소。결과표명：은행규모、경제주기、불량대관솔、자본담보개치화총자산증장솔여자본충족솔시부상관병존재현저적영향；정자산증장솔、정리윤증장솔、감관압력、통화팽창변화、영업수입증장솔화핵심부채의존솔여자본충족솔정정상관병존재현저적영향；자본성본화소득세대자본충족솔산생적영향시부상관차불현저적。근거결론제출절강농촌합작은행응실현보통고고동결구화고권점비결구적우화，특별주중인진경외전략투자자등。
The rural cooperative banks combine the cooperative system with stock system which is the result of the reform of rural credit cooperatives. This paper made an empirical research by adopting the correlation test, KMO, Bartlett spherical inspection, principal component analysis and regression analysis with the data of the nine rural cooperative banks in Zhejiang during the period 2007-2011. It analyzed systematically the determinants of cooperative banks capital structure. The results of the empirical study implied that there was negative prominent correlation between capital adequacy ratio and the bank size , risk assets ratio, collateral value, total assets growth rate. Meanwhile, there was negative inapparent correlation between capital adequacy ratio and capital cost, income tax; whereas there was positive prominent correlation between capital adequacy ratio and the growth rate of net asset , the net profits ratio, regulatory pressure, inflation, operating income growth rate, core debt ratio of dependence. According to the empirical study results, the paper finally put forward several suggestions for optimizing cooperative banks’ capital structure including optimizing the structure of common stockholders and the share of equity and introducing foreign strategic investors.