政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/94764
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113318/144297 (79%)
造访人次 : 50963509      在线人数 : 926
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻
    政大機構典藏 > 商學院 > 金融學系 > 學位論文 >  Item 140.119/94764


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/94764


    题名: 國際化程度與銀行經營績效之關係--台灣銀行業之分析
    作者: 蔡佳憓
    贡献者: 江永裕
    蔡佳憓
    关键词: 銀行國際化
    國際化指標
    因果關係
    縱橫資料
    依循客戶
    Bank internationalization
    DOI
    Granger causality
    panel data
    customers-following
    日期: 2008
    上传时间: 2016-05-09 11:50:06 (UTC+8)
    摘要: 本論述為找出國際化與績效的互動關係。首先，討論銀行國際化誘因，接著建立一國際化指標衡量台灣銀行業國際化程度，再檢驗兩者的關係。
    採取1998年到2007年底台灣銀行業各年銀行資料，共計樣本數達486筆。由於資料為縱橫資料，故一般迴歸方式，加入固定效果與隨機效果以檢視不同的銀行特點是否有影響結果。另外檢驗國際化與績效和其他國際化誘因之間是否有互動的因果關係。
    將國際化指標定義為海外資產比、海外營收比及海外費用比三者的一般加權指標。國際化誘因則採取：規模、績效、依循客戶、營收市占率、國內外利差、模仿跟風、市場開放與否等八項。結果發現，規模、依循客戶、國外利差等因素都顯著正向影響國際化程度，其中規模及依循客戶又與國際化程度有顯著的因果關係，故可推論國內銀行業國際化的誘因確實有擴大規模及依循客戶的考量。
    以實證結果看來，國際化與績效確實會互相影響。另外，考量個別銀行的特性後，台灣銀行業符合固定效果模型。結果顯示，影響銀行績效的因素在不同銀行間沒有很大的差異，然而各銀行所屬的固定特性不同，確實會深刻影響銀行國際化程度的差異，亦即個別銀行的固定特性是影響國際化的重要因素。可見，銀行利用國際化策略而提升銀行績效的做法是有其前提所在，也就是本身條件要好。
    銀行國際化、績效、規模等因素就像是一個迴圈，彼此影響。也可以說銀行要提升績效的方式有很多，國際化、併購、擴大市場都是策略之一，只是目前在國內銀行業市場有限的關係，造成國際化策略的自然形成，銀行國際化是一種過程、是一種手段，並不一定與績效有因果關係，只是現在剛好走到這裡。
    This paper examines the relationships between bank performance and DOI(degree of internationalization). We start with explore the incentives for banks to internationalize themselves. Then we structure an index to measure the degree of internationalization and finally examine the relationships between various variables and performance.
    This study uses unbalanced panel data of the Taiwan bank industry from 1998 to 2007. Besides the often-used regression method, this paper also tests both fixed effect and random effect models with panel data, and examines Granger causality between bank internationalization, performance and incentives of internationalization.
    We find that variables such as scale, customers-following and foreign interest rate spread positively affect bank internationalization; moreover scale and customers-following factor Granger cause bank internationalization. So we can conclude that utilizing-economies-of-scale and following-customers are two incentives justifying the internationalization strategy of Taiwan’s banks.
    參考文獻: 英文文獻
    1. Aliber, Robert Z. (1976), “Toward a theory of International Banking”
    2. Aliber, Robert Z. (1984), “International Banking：A Survey,” Journal of Money, Credit and Banking, vol. 16, No. 4,Part 2：Bank Market Studies. ,pp. 661-678
    3. Ahmed Riahi-Belkaoui(1998), “The effects of the degree of internationalization on firm performance,” International Business Review7,pp315~321
    4. Buckley, Peter J. , John H. Dunning, and Robert B. Pearce (1977), “The Influence of Firm Size, Industry, Nationality, and Degree of Multinationality in the Growth and Profitability of the World’s Largest Firms,” Weltwirtschaftliches Archiv, CXIV, pp. 243-57.
    5. Barry Williams(1997), “Positive theories of multinational banking：eclectic theory versus internationalization theory,” Journal of economic surveys Vol.11, No.1
    6. Berger, A.N., R. DeYoung, H.Genay and G.F.Udell, (2000), Globalization of financial institutions: evidence from cross-border banking performance. Washington: Federal Reserve Board.
    7. Buhner, Rolf (1987), “Assessing International Diversification of West German Corporations,” Strategic Management Journal, 8 (1), pp. 25-37.
    8. Buckley, Peter. J. and Casson, M. (1976), The Future of the Multinational Enterprise, New York: Jolmes & Meier.
    9. Buckley, Peter. J. (1988), “The limits of Explanation: Testing the Internalization Theory of the Multinational Enterprise,” Journal of International Business Studies, 19(2), pp. 181-94.
    10. Collins, J. Markham (1990), “A Market Performance Comparison of U.S. Firms Active in Domestic Developed and Developing Countries,” Journal of International Business Studies, 21 (2), pp. 271-87.
    11. Casson, M. 1990. “Evolution of multinational banks: a theoretical perspective”. In Jones, G.(ed) Banks as multinational. London: Routledge.
    12. Davidson, W. H. (1980), “The Location of Foreign Investment Activity,” Journal of International Business Studies, 11(2), pp.9-23.
    13. Dunning, John H. (1988), “The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions,” Journal of International Business Studies, 19 (1), pp. 1-31.
    14. Daniels, John D. and Jeffrey Bracker (1989), “Profit Performance: Do Foreign Operations Make a Difference,” Management International Review, 29 (1), pp. 46-56
    15. Dunning, J. H. (1993), Multinational Enterprises and the Global Economy, Addison-Wesley: Workingham. The Economist (1992), “Go west, young firms,” May 9, pp.88-89.
    16. Daniel, Sullivan (1994)，“The Threshold of Internationalization：Replication, Extension and Reinterpretation,” Management International Review vol.34, 1994/2, pp.165-186
    17. Daniel, Sullivan (1994), “Measuring the Degree of Internationalization of a Firm,” Journal of International Business Studies, Vol.25, No. 2, pp. 325-42.
    18. Dario Focarelli &Alberto Franco Pozzolo(2005), “Where do banks Expand abroad? An Empirical Analysis,” Journal of Business 2005,vol. 78, no. 6
    19. Evans, J. and F. T. Mavondo (2002), “Psychic Distance and Organizational Performance: An Empirical Examination of International Retailing
    Operations,” Journal of International Business Studies, 33(3), pp.515-32.
    20. Fayerweather, John (1969), “Canadian Foreign Investment Policy,” California Management Review, Berkeley: Spring 1975.Vol.17 (3), pp.74-83
    21. Fladmoe-Lindquist, K. and S. Tallman (1994), “Resource-Based Strategy and Competitive Advantage among Multinationals,” Advances in Strategic Management, P. Shrivastava, A. Huff, and J. Dutton (Eds.), 10A, Greenwich, CT: JAI Press, pp. 45-72.
    22. Goldberg Lawrence G. and Anthony Saunders (1981), “The determinants of foreign banking activity in the United States,” Journal of Banking and Finance 5,pp17~32
    23. Gray, Jean M. and H. Peter Gray (1981), “The Multinational Bank：A Financial MNC? ”, Journal of Banking and Finance 5,pp33~63
    24. Grant, Robert M. (1987), “Multinationality and Performance among British Manufacturing Companies,” Journal of International Business Studies, 18 (3),
    pp. 79-89.
    25. Grant, Robert M., Azar P. Jammine, and Howard Thomas (1988), “Diversity, Diversification, and Profitability among British Manufacturing Companies,
    1972-1984,” Academy of Management Journal, 31 (4), pp. 771-801.
    26. Gomes, Lenn and Kannan Ramaswamy (1999), “An Empirical Examination of the Form of the Relationship Between Multinationality and Performance,”Journal of International Business Studies, 30 (1), pp. 173-88.
    27. Geringer, J. Michael, S. Tallman, and David M. Olsen (2000), “Product and International Diversification among Japanese Multinational Firms,” Strategic
    Management Journal, 21 (1), pp. 51-80.
    28. Horst, Thomas E. (1972), “Firm and Industry Determinants of the Decision to Invest Abroad,” Review of Economics and Statistics, 54 (August), pp. 258-66.
    29. Hennart, J.-F. (1991), “The Transaction Cost Theory of the Multinational Enterprise,” In The Nature of the Transnational Firm, C. Pitelis and R.Sugden (Eds.), London: Routledge, pp.81-116.
    30. Hymer, S. H. (1976), “The International Operations of National Firms: A Study of Direct Foreign Investment, ” Doctoral dissertation, Cambridge, MA: MIT Press.
    31. Johanson, J. and J.-E. Vahlne (1977), “The Internationalization Process of the Firms – Model of Knowledge Development and Increasing Foreign Market Commitments,” Journal of International Business Studies, 8(1), pp.23-32.
    32. Jordi Canals(1997), Universal Banking：International Comparisons and Theoretical Perspectives, Clarendon Press Oxford.
    33. Jode Paulo Esperanca and Mohamed Azzim Gulamhussen(2001), “(Re)Testing the‘follow the customer’hypothesis in multinational bank expansion,” Journal of Multinational Financial Management 11,pp281-193
    34. Kogut, B. (1985), “Designing Global Strategies: Profiting from Operation
    Flexibility,” Sloan Management Review, 27(1), pp.27-38.
    35. Kim, W. Chan, Peter Hwang, and Willem P. Burgers (1993), “Multinationals’ Diversification and the Risk-Return Trade-Off,” Strategic Management Journal, 14 (4), pp. 275-86.
    36. Magee, S. P. (1977), “Information and the Multinational Corporation: An Appropriability Theory of Direct Foreign Investment,” in New International
    Economic Order (Ch.13), Bhagwati (Eds.), Cambridge: MIT Press,
    pp.317-40.
    37. Mathur, I. and K. Hanagan (1983), “Are Multinational Corporations Superior
    Investment Vehicles for Achieving International Diversification?,” Journal International Business Studies, 14(3), pp.135-46.
    38. Michel, Allen and Israel Shaked (1986), “Multinational Corporations vs. Domestic Corporations: Financial Performance and Characteristics,” Journal of
    International Business Studies, 17 (3), pp. 89-100.
    39. Maria Ersson, Jan Tryggvason(2007), “Internationalization of Nordic Banks”
    40. Miguel Sebastian and Carmen Hernansanz, The Spanish Banks’ Strategy in Latin America, Vienna, 2000, ISBN 3-902109-01-7.
    41. Olusoga, S. Ade (1993), “Marker Concentration Versus Marker Diversification and Internationalization: Implications for MNE Performance,” International Marketing Review, 10(2), 40-59.
    42. Piercy, Nigel (1981), “Company Internationalisation: Active and Reactive
    Exporting,” European Journal of Marketing, 15 (3), pp. 26-40.
    43. Ramaswamy, Kannan (1995), “Multinationality, Configuration, and Performance: A Study of MNEs in the U.S. Drug and Pharmaceutical Industry,” Journal of International Management, 1 (2), pp. 231-53.
    44. Robert N McCauley, Judith S Ruud and Phillip D Wooldridge(2002), “Globalising international banking,” BIS Quarterly Review, March 2002
    45. Siddharthan, Natteri and Sanjaya Lall (1982), “Recent Growth of the Largest U.S Multinationals,” Oxford Bulletin of Economics and Statistics, 44(1),pp.1-13.
    46. S. Ade Olusoga(1993),“Market Concentration versus Market Diversification and Internationalization: Implications for MNE Performance,” International Marketing Review, Vol. 10,NO.2
    47. Slager(2005), “Internationalization of Banks: Strategic Patterns and Performance,”(中譯本:銀行大就美?銀行國際化的模式、策略與績效，長智文化，民96年，p80~p105, p123~p147)
    48. Thomas Dalsgaard, Jorgen Elmeskov, Cyn-Young Park, Ongoing Changes in the Business Cycle – Evidence and Causes, Vienna, 2002, ISBN 3-902109-12-2.
    49. Teece, D. J., G. Pisano, and A. Shuen (1997), “Dynamic Capabilities and Strategic Management,” Strategic Management Journal, 18(7), pp. 509-34.
    50. Vernon, Raymond (1966), “International Investment and International Trade in the Product Cycle,” Quarterly Journal of Economics, 80, pp. 190-207.
    51. Vernon, Raymond (1971), Sovereignty at bay: The Multinational Spread of U.S.
    Enterprises, New York: Basic Books.
    52. Wells, Louis T. Jr. (1998), “Multinationals and the Developing Countries,” Journal of International Business Studies, 29 (1), pp. 101-14.
    53. Walid Hejazi &Eric Santor(2005), “Degree of Internationalization and Performance：An Analysis of Canadian Banks,” Working paper 2005-32，Bank of Canada
    54. Walter, I.1988. Global competition in financial services. Cambridge, Massachusetts: Ballinger Publishing Company.
    55. Yoshihara, Hiro (1985), “Multinational Growth of Japanese Manufacturing Enterprises in the Postwar Period”, Proceedings of the Fuji International
    Conference on Business History, Tokyo: University of Tokyo Press.
    中文文獻
    1. 中華經濟研究院，民96年，銀行國際化策略之研究，金融研究發展基金會管理委員會九十五年度委託研究計畫
    2. 史萊格，民96年，銀行大就美?銀行國際化的模式、策略與績效，長智文化，p80~p105, p123~p147
    3. 余慈蕙，民93年，國際化和公司績效之關係—台灣企業實證研究，逢甲大學國際貿易所碩士論文
    4. 林惠文，民90年，國際化與多角化對財務績效之影響--本國銀行業之比較分析，商管科技季刊第二卷第四期p377~P397
    5. 林婷鈴，銀行業國際化併購整合性觀念模式之探討
    6. 高淑萍，民90年，台灣上市公司國際化程度對經營績效暨風險影響之探討，台灣科技大學企業管理研究所碩士論文
    7. 喬有慶，民91年，國際化程度、產品差異化能力與績效之關聯性—台灣企業之實證研究，國立政治大學企業管理研究所博士論文
    8. 張瓊心，民94 年，國際化程度對廠商經營績效影響之分析--以台灣製造廠商為例，東吳大學經濟系碩士論文
    9. 張燕玉，民94年，國際化程度對銀行經營績效之影響--以台灣本地銀行為例，政治大學行政管理學系碩士論文
    10. 楊蓁海，民96年，我國銀行業存放利差減少原因剖析與因應對策，中央銀行季刊第二十九卷第二期
    網站
    1. 中央銀行http://www.cbc.gov.tw/
    本國銀行營運績效季報
    2. 金管會http://www.fscey.gov.tw/
    中華民國基本金融資料，銀行局金融業務統計輯要
    3. 各銀行網站
    4. 經濟新報資料庫(TEJ)
    描述: 碩士
    國立政治大學
    金融研究所
    95352024
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0095352024
    数据类型: thesis
    显示于类别:[金融學系] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    index.html0KbHTML2333检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    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 ©   - 回馈