Variable name

indicator name

description

The shareholding ratio of the largest shareholder

CR

Shareholding ratio of the largest shareholder of a listed commercial bank.

S index

S

The sum of the shareholding ratio of the second to fifth largest shareholders of listed commercial banks.

Z index

Z

The shareholding ratio of the largest shareholder of a listed commercial bank is divided by the shareholding ratio of the second largest shareholder.

Control

V

The discourse power of the actual controller on the important matters in a listed commercial bank.

Ownership

C

The actual controller can obtain the proportion of dividends from the listed commercial banks under his control.

Index of separation degree of ownership and control

VC

VC = (control − ownership)/Control.

Market value to book value ratio of corporate assets

MBR

MBR = (the book value of the total liabilities + the number of non-tradable shares × the net assets per share + the number of tradable shares × the average of the daily closing price of the tradable shares in December of the year)/book value of total assets.

Asset size

SIZE

SIZE = Ln (final assets at the end of the period).

Asset-liability ratio

DET

Ratio of liabilities to assets.