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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/72071

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/72071

Title:	Does Financial Restructuring Change the Relationship between Corporate Governance and the Static and Dynamic Efficiency of Bank Mergers in Taiwan?
Authors:	李桐豪 Lee, Tung-Hao;Chih, Shu-Hwa
Contributors:	金融系
Keywords:	bank merger;corporate governance;data envelopment analysis;financial restructuring;static and dynamic efficiency
Date:	2014-03
Issue Date:	2014-12-15 18:04:58 (UTC+8)
Abstract:	Taiwan`s Financial Restructuring Fund Statute was enacted in 2001. This study is unique in simultaneously considering Taiwan`s corporate governance, bank mergers, and the financial restructuring scheme. Unlike other literature that investigates only the characteristics of corporate governance that affect the concurrent static efficiency of bank mergers, we further use the dynamic slacks-based measure to examine the persistent and intertemporal effects on the dynamic efficiency of bank mergers. The results of this study show that major shareholders of acquiring banks have greater controlling power to decide whether to merge during the financial restructuring period. A bank merger using the financial restructuring scheme has less static and dynamic efficiency in the short run but gradually increased static and dynamic efficiency in the long run. Such an observation is consistent with the hypothesis that controlling shareholders pursue long-term efficiency in a bank merger.
Relation:	Emerging Markets Finance and Trade, 50, 189-201
Data Type:	article
DOI 連結:	http://dx.doi.org/10.2753/REE1540-496X5002S213
DOI:	10.2753/REE1540-496X5002S213
Appears in Collections:	[金融學系] 期刊論文

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