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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/36693


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/36693


    题名: The Effects of Non-interest Income Diversification on the Riskiness and Profitability of Commercial Banks
    作者: 王妍云
    贡献者: 張元晨
    王妍云
    关键词: Diversification
    profit
    risk
    日期: 2004
    上传时间: 2009-09-18 19:18:25 (UTC+8)
    摘要: This study examines whether diversification is beneficial to commercial banks using data of U.S., Europe and Asia banks from 1997 to 2003. The empirical results suggest that banks perform better if they diversify between interest and non-interest activities, but this effect is not significant when banks diversify within each of these broad sets of activities. Regional results point out the different effects of commercial banks in U.S., Europe and Asia. My results show that banks earn less risk-adjusted returns from commission, fee and trading income. We conclude that increasing non-interest shares is not as good as expected.
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    Brewer. E, 1989, “Relationship between bank holding company risk and non-bank activity,” Journal of Economics and Business, 4, pp. 337-53.
    Canals. J, 1993, “Competitive strategies in European banking,” Oxford University Press, Oxford.
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    Demsetz, R. S. and P. E. Strahan, 1997, “Diversification, Size, and Risk at Bank Holding Companies,” Journal of Money, Credit, and Banking, 29, pp. 300-313
    DeYoung, R. and K. P. Roland, 2001, “Product Mix and Earnings Volatility at Commercial Banks:Evidence from a Degree of Total Leverage Model,” Journal of Financial Intermediation, 10, pp. 54-84.
    DeYoung, R., 2004, “Noninterest Income and Financial Performance at U.S. Commercial Banks,” The Financial Review, 39, pp.101-127
    Diaz, B. D., M. G. Olalla, and S. S. Azofra, 2004 “Bank acquisitions and performance: evidence from a panel of European credit entities”, Journal of Economics and Business, 56, pp.377-404.
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    Kwan, S H. 1998, “Securities Activities by Commercial Banking Firms’ Section 20 Subsidiaries: Risk, Return, and Diversification Benefits,” Proceedings from a Conference on Bank Structure and Competition, pp. 531–552
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    Stiroh. K.J. and A. Rumble, 2003, ”The Dark Side of Diversification for US Bank Holding Companies,” Unpublished paper, Federal Reserve Bank of New York.
    Stiroh. K. J., 2004a, “Diversification in Banking: Is Noninterest income the Answer?” Journal of Money, Credit, and Banking, 36, pp. 853-882
    Stiroh, K., 2004b, “Do Community Banks Benefit from Diversification?” Journal of Financial Services Research, 25:2/3, pp.135-160.
    Templeton, W. K. and J. T. Severiens, 1992 “The Effect of Nonbank Diversification on Bank Holding Companies.” Quarterly Journal of Business and Economics, 31(4), pp. 3-16
    描述: 碩士
    國立政治大學
    財務管理研究所
    92357021
    93
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0923570211
    数据类型: thesis
    显示于类别:[財務管理學系] 學位論文

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