教師資料查詢 | 類別: 期刊論文 | 教師: 張 元 CHANG YUAN (瀏覽個人網頁)

標題:To Join Or Not To Join? Do Banks That Are Part Of A Financial Holding Company Perform Better Than Banks That Are Not?
學年100
學期1
出版(發表)日期2012/01/01
作品名稱To Join Or Not To Join? Do Banks That Are Part Of A Financial Holding Company Perform Better Than Banks That Are Not?
作品名稱(其他語言)
著者Shen, Chung-hua; Chang, Yuan
單位淡江大學財務金融學系
出版者Hoboken, NJ: Wiley-Blackwell Publishing, Inc.
著錄名稱、卷期、頁數Contemporary Economic Policy 30(1), pp.113–128
摘要This study compares the performance of banks that are part of a financial holding company (FHC banks) with that of banks that are not (independent banks) using Taiwan data from 2002:Q1 to 2006:Q2. The comparisons are based on 14 performance ratios resulting from the concept of CAMEL (which is an acronym for Capital adequacy, Asset quality, Management efficiency, Earnings ability, and Liquidity sufficiency). To ensure that becoming part of an FHC is a random process, we used four matching methods to select the controlled banks so that the characteristic variables of banks in the two groups are statistically indifferent. By using the data before matching, it was found that FHC banks significantly defeat independent banks, regardless of their performance ratios. Conversely, when the sample was used after the matching, the results changed dramatically. Although FHC banks still beat the independent banks in terms of capital adequacy, asset quality, and liquidity sufficiency, FHC banks and independent banks are found to have equal profitability and management efficiency. Earlier studies that do not consider the endogeneity problem tend to overestimate the joining effect.
關鍵字
語言英文
ISSN1465-7287;1465-7287
期刊性質國外
收錄於SSCI
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式電子版
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