Comparing cost efficiency between financial and non-financial holding banks and Insurers in Taiwan under the framework of copula methods and metafrontier
學年 110
學期 2
出版（發表）日期 2022-05-23
作品名稱 Comparing cost efficiency between financial and non-financial holding banks and Insurers in Taiwan under the framework of copula methods and metafrontier
作品名稱（其他語言）
著者 Huang, Kuo-jui
單位
出版者
著錄名稱、卷期、頁數 Asia-Pacific Financial Markets 29,　p.735-766
摘要 This paper examines the cost efficiency (CE), technology gap ratio (TGR), and overall cost efficiency (OCE) of 43 banks and 27 life insurance companies operating in Taiwan. The use of the copula method to derive the joint probability density function for the cost functions of financial holding banks (FHBs) and financial holding life insurers (FHLIs) allows us to take into account the operational synergies enjoyed by the financial holding companies. Our empirical results are as follows. (1) A significant, positive correlation exists between the cost efficiencies of FHBs and FHLIs, supporting that both types of firms benefit from the synergy effect. (2) The omission of synergy effects leads to underestimated measures of CE and OCE for FHBs, but leaves the measure of TGR intact. (3) The absence of synergies results in underestimating the CE scores for FHLIs, but the TGRs of FHLIs and non-FHLIs are overestimated, exaggerating the OCE scores.
關鍵字 Copula method;Financial holding banks;Financial holding life insurers;Stochastic metafrontier cost function;Synergy effects;CE;TGR;OCE
語言 en_US
ISSN 1573-6946
期刊性質 國外
收錄於 ESCI EconLit Scopus ABS* NotTSSCI
產學合作
通訊作者 Tai-Hsin Huang
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/125478 )