English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 114105/145137 (79%)
Visitors : 52154742      Online Users : 662
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 金融學系 > 學位論文 >  Item 140.119/34014
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/34014


    Title: 商業銀行跨業經營利潤與風險的全球實證分析
    Authors: 張雲翔
    Contributors: 沈中華
    張雲翔
    Keywords: 銀行跨業經營
    政府效能
    資產大小
    營收結構
    Date: 2005
    Issue Date: 2009-09-17 19:05:58 (UTC+8)
    Abstract: 本文首先特別針對金融機構跨業經營及轉投資是否有助於銀行績效,進行實證分析。其次探討在不同的政府紀律及管理能力之下,限制度的提高或降低,對於銀行利潤以及風險的影響,將發生何種影響。本文使用46個國家,共計8113家銀行,樣本期間為1995年至1999年進行實證研究。本文發現,政府紀律及管理能力較差的國家,應該盡可能解除其商業銀行在從事證券業、保險業及持有非金融相關事業的限制,以免造成銀行利潤的損失。此外,一國如欲限制其商業銀行從事證券業、保險業及持有非金融相關事業,則此國之政府紀律及管理能力必須具備一定的水準,否則提高限制度將加速其銀行利潤的減少。
    本文也針對跨業限制對大、小銀行績效的影響,進行實證分析。並探討在不同的政府效能下,跨業限制對大、小銀行利潤及風險的影響是否會有所不同?本文在利潤面提出「多餘容量假說」,在風險面提出「大銀行追求獲利穩定假說」及「多餘容量假說」,並針對這些假說進行驗證。在這個章節,本文使用44個國家,取各國銀行資產額前5﹪的銀行為大銀行,後5﹪的銀行為小銀行,共計792家銀行,樣本期間為1995年至1999年進行實證研究。本文發現,降低金融機構從事證券業、保險業及持有非金融相關事業之限制,並不會對小銀行的利潤造成任何影響,但降低金融機構從事保險業、不動產及持有非金融相關事業都會對大銀行的利潤造成顯著的影響。此外,銀行風險似乎與能否跨業經營及轉投資無關,而是與銀行的大小有關,即不論大、小銀行能否跨業經營及轉投資,大銀行的風險似乎均較低,而小銀行的風險均較高。
    最後,本研究也針對銀行營收結構對獲利與風險的影響進行分析,究竟非利息收入比的提高,對銀行的利潤與風險將產生何種影響?並針對「利息收入比」及「非利息收入比」等變數,給予明確的定義。這個章節的研究對象包含49個國家,共計4915家銀行,樣本期間為1994年至2002年進行實證研究。我們發現,非利息收入比重與銀行的獲利呈現顯著的正相關,換言之,增加銀行業非利息收入比重,似乎有助於提高銀行的獲利。而非利息收入比重與銀行的風險則沒有明顯的相關性。若進一步探討非利息收入的四個細項對銀行獲利的影響。我們發現,手續費收入似乎有助於銀行獲利的提升。至於增加非利息收入中的交易收入比重及其他營業收入比重,也有助於降低銀行的風險。
    Reference: 參考文獻
    沈中華 (2001),銀行的異業合併-互補性與文化差異,貨幣市場雙月刊,5(3),頁 15-28。
    沈中華與張雲翔 (2001),歐系綜合銀行與美系分業銀行何者較能增加銀行績效?-由46國資料比較分析,台灣金融財務季刊,第二輯第二期,85-95.
    沈中華 (2002),金控公司的銀行與獨立銀行CAMEL比較:1997-1998,台灣金融財務季刊,第三輯第二期,73-94.
    沈中華與張雲翔 (2002),金融機構跨業經營及轉投資之利潤與風險:全球實證分析,中央研究院經濟研究所經濟論文,第三十卷第三期,277-310.
    沈中華 (2003), 非利息收入過低的誤解, 經濟日報, 11月23日, 17版.
    Aggeler, H. T. and R. Feldman (1998), Record Bank Profitability: How, Who and What Does It Mean?, Federal Reserve Bank of Minneapolis, Fedgazette, April, Vol.10, No. 2.
    Akhigbe, A and A. M. Whyte (2001), The Impact of FDICIA on Bank Returns and Risk: Evidence from the Capital Market, Journal of Banking and Finance 25, 393-417.
    Akhigbe, A and J. E. McNulty (2003),The Profit Efficiency of Small US Commercial Banks, Journal of Banking and Finance 27, 307-325.
    Altunbas, Y., M. H. Liu, P. Molyneux and R. Seth (2000), Efficiency and Risk in Japanese Banking, Journal of Banking and Finance 24, 1605-1628.
    Amel, D., C. Barnes, F. Panetta and C. Salleo (2002), Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence, Finance and Economics Discussion Series 2002-47.
    Angbazo, L. (1997), Commercial Bank Net Interest Margins, Default Risk, Interest-rate Risk, and Off-balance Sheet Banking, Journal of Banking and Finance 21, 55-87.
    Arnould, R. J. (1985), Agency Costs in Banking Firms: An Analysis of Expense Preference Behavior, Journal of Economics and Business 37, 103-112.
    Bank Administration Institute and Boston Consulting Group (1999), Putting It Together : Convergence Strategies for Banking, Insurance, and Investments.
    Barth, J.R., G. Caprio, and R. Levine (1999), Financial Regulation and Performamce: Cross-Country Evidence, The World Bank Working Paper No.2037.
    Barth, J.R., G. Caprio, and R. Levine (2000), Banking Systems Around the Globe: Do Regulation and Ownership Affect Performance and Stability?, The World Bank Working Paper No.2325.
    Berger, A.N. and L.J. Mester (1997), Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?, Journal of Banking and Finance, 21, 895-947.
    Berger, A.N. and T. Hannan (1998), The Efficiency Cost of Market Power in the Banking Industry: A Test of the Quiet Life and Related Hypotheses, Review of Economics and Statistics 80, 454-465.
    Bongini, P., G. Ferri, and T.S. Kang (1999), Financial Intermediary Distress in the Republic of Korea: Small is Beautiful? , the 8th Tor Vergata Conference, Financial Crises, Risk Management and Growth, Rome, 2-4.
    Boyd, J.H. and S.L. Graham (1988), The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge with Other Financial Firms: A Simulation Study, Quarterly Review, Federal Reserve Bank of Minneapolis, Vol. 12, No. 2 3-20.
    Boyd, J.H., S.L. Graham and R.S. Hewitt (1993), Bank Holding Company Mergers with Nonbank Financial Firms: Effects on the Risk of Failure, Journal of Banking and Finance, Vol. 17, 43-63.
    Clark, J.A. (1986), Market Structure, Risk and Profitability: The Quiet-Life Hypothesis Revisited, Quarterly Review Economics and Business 26, 45-56.
    Cornett, M.M., E. Ors, and H. Tehranian (2002), Bank Performance Around the Introduction of a Section 20 Subsidiary, The Journal of Finance, Vol. LVII, No.1, 501-521.
    Demirguc-Kunt, A. and R. Levine (1999), Bank-Based and Market-Based Financial System:Cross-Country Comparisons, The World Bank Working Paper No.2143.
    DeYoung, R. and K. Roland (2001), Product Mix and Earnings Volatility at Commercial Bnks: Evidence From a Degree of Leverage Model, Journal of Financial Intermediation, Vol. 10, 54-84
    DeYoung, R. and T. Rice (2004), Economic Perspectives Vol.28, lss. 4, 34-51
    DeYoung, R. and W.C. Hunter (2001), Deregulation, the Internet, and the Competitive Viability of Large Banks and Community Banks, Federal Reserve Bank of Chicago Working Paper No.01-11.
    Estrella, A. (2001), Mixing and Matching Prospective Financial Sector Mergers and Market Valuation, Journal of Banking and Finance 25, 2367-2392.
    Feldman, R. (1999), Fedgazette, Minneapolis, Vol.11, lss.4, 20-21
    Ferris, S. P., K. A. Kim and P. Kitsabunnarat (2003), The Costs (and Benefits?) of Diversified Business Groups: The Case of Korean Chaebols, Journal of Banking and Finance 27, 251-273.
    Frankel, A.B. and J.D. Montgomery (1991), Financial Structure: An International Perspective, Brookings Papers on Economic Activity, 1:1991, 257-310.
    Gilbert, R. A. (1984), Bank Market Structure and Competition: A Survey, Journal of Money, Credit, and Banking 16, 617-645.
    Golin, J. (2001), The Bank Credit Analysis Handbook, John Wiley and Sons (Asia) Pte Ltd.
    Hannan, T. H. (1999a), Bank Commercial Loan Markets and the Role of Market Structure: Evidence from Surveys of Commercial Lending, Journal of Banking and Finance 15, 133-149.
    Hannan, T. H. (1999b), Foundations of the Structure-Conduct-Performance Paradigm in Banking, Journal of Money, Credit, and Banking 23, 68-84.
    Hassan, M. K. (1992), An Empirical Analysis of Bank Standby Letters of Credit Risk, Reviews of Financial Economics 2, 31-44
    Hassan, M. K. (1993), The Off-balance Sheet Banking Risk of Large U.S. Commercial Banks, The Quarterly Review of Economics and Finance 33, 51-69
    Hassan, M. K. and W. H. Sackley (1994), A Methodological Investigation of Risk Exposure of Bank Off-balance Sheet Loan Commitment Activities, The Quarterly Review of Economics and Finance 34, 283–299
    Hassan, M. K., G. V. Karel and M. O.Peterson (1994). Deposit Insurance, Market Discipline and Off-balance Sheet Banking Risk of Large U.S. Commercial Banks, Journal of Banking and Finance 18, 575–593
    Hirschey, M. (1999), Managerial Equity Ownership and Bank Performance: Entrenchment or Size Effect?, Economics Letter 64, 209-213.
    Ho, T.S.Y. and A. Saunder (1981), The Determinants of Bank Interest Margin: Theory and Empirical Evidence, JFQA, 16, 581-602
    Koch, T. W. and S. S. Macdonald (2003), Bank Management, fifth edition, South-Western, a division of Thomson Learning.
    Koppenhaver, G. D. and R. D. Stover(1994), Standby Letters of Credit and Bank Capital: Evidence of Market Discipline, Journal of Banking and Finance18, 553–573
    Kroszner, R.S. and R.G. Rajan (1994), Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking Before 1933, American Economic Review, Vol. 84, No. 4, 810-832.
    Kwan, S.H. (1997), Securities Activities by Commercial Banking Firms’ Section 20 Subsidiaries: Risk, Return, and Diversification Benefits, Federal Reserve Bank of San Francisco Working Papers No.98-10.
    Kwan, S.H. (1998), Risk and Return of Banks’ Section 20 Securities Affiliates, Federal Reserve Bank of San Francisco Economic Letter, 98-32.
    La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R.W. Vishny (1998), Law and Finance, Journal of Political Economy, Vol. 106, No. 6, 1113-1155.
    Levine, R. (2002), Bank-Based or Market-Based Financial Systems:Which is Better?, NBER Working Papers No.9138.
    Lown, C.S., C.L. Osler, P.E. Strahan, and A. Sufi (2000), The Changing Landscape of the Financial Services Industry: What Lies Ahead?, Federal Reserve Bank of New York Economic Policy Review, Vol.6 No.4 39-54.
    Mester, L. J., L. I. Nakamura and M. Renault (1998), Checking Accounts and Bank Monitoring, Federal Reserve Bank of Philadelphia Working paper No. 98-25.
    Nakamura, L. (1993a), Commercial Bank Informance: Implications for the Structure of Banking, Structural Change in Banking, Business One-Irwin, Homewood, IL.
    Nakamura, L. (1993b), Recent Research in Commercial Banking: Information and Lending, Financial Markets, Institutions and Instruments 2, 73-88.
    Petersen, M. and R. Rajan (1995), The Effect of Credit Market Competition on Lending Relationships, Quarterly Journal of Economics 110, 407-443.
    Puri, M. (1996), Commercial Banks in Investment Banking Conflict of Interest or Certification Role?, Journal of Financial Economics, No.40, 373-401.
    Radecki, I. and J. Lawrence (1999), Banks’ Payments-driven Revenues, Federal Reserve Bank of New York Economic Policy Review, Vol. 5, No. 2, July, 53-69
    Reynolds, S. E., S. Ratanakomut and J. Gander (2000), Bank Financial Structure in Pre-crisis East and Southeast Asia, Journal of Asia Economics 11, 319-331.
    Rhoades, S. A. and R. D. Rutz (1982), Market Power and Firm Risk: A Test of the Quiet-life Hypothesis, Journal of Monetary Economics, 9, 73-85.
    Rogers, K. and J. F. Sinkey Jr.(1999), Review of Financial Economics, Vol.8, lss.1, 25.
    Rose P.S. (1989), Diversification of the Banking Firm, The Financial Review, 24(2), 251-280.
    Rose, P. S. and S. C. Hudgins (2005), Bank Management and Financial Services, sixth edition, Boston:Mc Graw-Hill.
    Rosen, R.J., P.R. Lloyd-Davies, M.L. Kwast, and D.B. Humphrey (1989), A Portfolio Analysis of Bank Investment in Real Estate, Journal of Banking and Finance, 13(3), 355-366.
    Santomero, A. and D. Babbel (2001), Financial Markets, Instruments, and Institutions, second edition, Boston:McGraw-Hill
    Saunders, A. and I. Walters (1994), Universal Banking in the United State: What Could We Gain? What Could We Lose?, New York, NY: Oxford University Press.
    Shen, C. H. (2002), Credit Rationing for Bad Companies in Bad Years: Evidence from Bank Loan Transaction Data, International Journal of Finance and Economics, 7 (8), 261-278.
    Sinkey, J.F. Jr. (1998), Commercial Bank Financial Management in the Financial-Services Industry, fifth edition, New Jersey:Prentice Hall.
    Sinkey, J. F. and D. Carter (1994), The Derivatives Activities of U.S. Commercial Banks, Proceedings of the 30th Annual Conference on Bank Structure and Competition, 165–185.
    Smith, R., C. Staikouras, and G. Wood (2003), Non-interest Income and Total Income Stability, Bank of England Working paper No.198.
    Stiroh, K. (2002), Diversification in Banking, Is Non-interest Income the Answer?, Federal Reserve Bank of New York Staff Reports No.154.
    Teece, D.J. (1980), Economies of Scope and the Scope of the Enterprise, Journal of Economic Behavior and Organization, 1, 223-247.
    White, Eugene (1986), “Before the Glass-Steagall Act: An Analysis of the Investment Banking Activities of National Banks,” Explorations in Economic History, January 23 (1), 33-55.
    Williams, B. (1998), Factors Affecting the Performance of Foreign-owned Banks in Australia: A Cross-sectional Study, Journal of Banking and Finance 22, 197-219.
    Description: 博士
    國立政治大學
    金融研究所
    90352506
    94
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0903525061
    Data Type: thesis
    Appears in Collections:[金融學系] 學位論文

    Files in This Item:

    File Description SizeFormat
    52506101.pdf13KbAdobe PDF2804View/Open
    52506102.pdf64KbAdobe PDF2790View/Open
    52506103.pdf14KbAdobe PDF2898View/Open
    52506104.pdf23KbAdobe PDF2928View/Open
    52506105.pdf71KbAdobe PDF21537View/Open
    52506106.pdf58KbAdobe PDF21385View/Open
    52506107.pdf43KbAdobe PDF23754View/Open
    52506108.pdf36KbAdobe PDF21624View/Open
    52506109.pdf136KbAdobe PDF2985View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback