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Title: | 外資進入與金融風暴對於亞洲各國本土銀行業績效表現之影響 The Effects of Foreign Bank Penetration and Financial Crisis |
Authors: | 劉信芝 Liu, Hsin Chih |
Contributors: | 張元晨 劉信芝 Liu, Hsin Chih |
Keywords: | 銀行 亞洲金融風暴 |
Date: | 2006 |
Issue Date: | 2009-09-14 09:01:14 (UTC+8) |
Abstract: | 本文研究外資進入與亞洲融風暴對於本土銀行業的影響,在所選取的樣本中,我們發現國際化會提升銀行的獲利但不見得改善營運的效率性與穩定性。實証結果也不支持亞洲金融風暴對於亞洲銀行業有顯著影響的假說。同時發現市場的集中程度對於銀行業的獲利有些微影響,主要是關於銀行的訂價能力。最後,就所選取的十一個亞洲國家中討論,本文顯示在樣本時間點內,外資進入本土市場設立分行對於本土的效率性與穩定性的影響並不顯著。 This research examines the effect of foreign banks penetration and financial crisis on the banking sectors in Asian countries. We find that internationalization improves the profitability of banks in our sample countries, but not necessarily improve their operational efficiency and financial stability. Our empirical results do not support the hypothesis that Asia Financial Crisis has a significant impact on Asian banking sectors. We also show that, bank concentration has little effect on the profitability of banks, and it was related to the pricing ability of banks. Lastly, our research shows that there is insignificant effect of foreign bank penetration on the efficiency and stability over these eleven Asian countries during our sample period. |
Reference: | A. Demirgüç-Kunt and E. Detragiache, 1998, Financial Liberalization and Financial Fragility, Policy Research Working Paper Series No. 1917, March 1998 A. Demirguc-Kunt and R. Levine, 2000, Bank Concentration: Cross-Country Evidence, World Development Report 2002, the Word Bank A. Galindo, A. Micco, C. Serra, 2003, Better the Devil that You Know: Evidence on Entry Costs Faced by Foreign Banks, Inter-American Development Bank January 2003 D. Focarelli, and A. Pozzolo, 2005, Where Do Banks Expand Abroad? An Empirical Analysis, Journal of Business, 2005, vol. 78, no. 6 G. Clarke, R. Cull, and M. Martinez Peria, 2002, Does Foreign Bank Penetration Reduce Access to Credit In Developing Countries? Evidence from Asking Borrowers, World Bank Policy Research Working Paper No. 2716 H. Montgomery, 2003, the Role of Foreign Banks in Post-Crisis Asia: The Importance of Method of Entry, ADB Institute Research Paper Series No. 51 J. Agung, 1998, Financial Deregulation and the Bank Lending Channel in Developing Countries: The Case of Indonesia, Asian Financial Journal 1998, Vol .12 No. 3 J. Crystal, B. Dages, and L. Goldberg, Has Foreign Bank Entry Led to Sounder Banks in Latin America, Current Issues in Economics and Finance, Vol.8, No.1, Jan 2002 J. Hawkins and D. Mihaljek, 1997, The banking industry in the emerging market economies: competition, consolidation and systemic stability - an overview, BIS Papers No 4 Kim E. and Lee B., 2004, the Effects of Foreign Bank Entry on the Performance of Private Domestic Banks in Korea, BIS paper, March 2004 L. Goldberg, 2004, Financial-Sector Foreign Direct Investment and Host Countries: New and Old Lessons, Federal Reserve Bank of New York Staff Reports L. Goldberg, B. Gerard Dages, and D. Kinney, 2000, Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina, National Bureau of Economic Research Working Paper No.7714 S. Claessens,Demirgüç-Kunt, and H. Huizingal, 1998, How does foreign entry affect the domestic banking market?, Journal of Banking and Finance Vol. 25, no. 5, pp. 891-911. May 2001 T. Beck, A. Demirgüç-Kunt and R. Levin, 2004, Bank Concentration and Fragility: Impact and Mechanics, National Bureau of Economic Research Working Paper No.11500 T. Beck, A. Demirgüç-Kunt and R. Levine, 2004, Bank Concentration, Competition, and Crises: First results, Journal of Banking and Finance, May 2006 |
Description: | 碩士 國立政治大學 財務管理研究所 94357017 95 |
Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0094357017 |
Data Type: | thesis |
Appears in Collections: | [財務管理學系] 學位論文
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