政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/31955

政大典藏 > College of Social Science > Master for Eminent Public Administrators > Theses > Item 140.119/31955

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/31955

Title:	本國銀行業多角化經營對獲利與風險之影響 The Effects of Banking Diversification on Profitability and Risk in Taiwan
Authors:	呂明靜 Lu,Ming Ching
Contributors:	王國樑 Wang,Kuo Liang 呂明靜 Lu,Ming Ching
Keywords:	追蹤資料多角化荷芬達指標逾放比率 Panel Data Diversification Hirshman-Herfindahl Index, Non-Performing Loans Ratio
Date:	2008
Issue Date:	2009-09-14 12:36:34 (UTC+8)
Abstract:	多角化是否能提升銀行獲利與降低風險？本文採2000年至2007年21家本國銀行之年資料，獲利以調整呆帳費用後之資產報酬率作為評估基礎；風險以資產報酬率的標準差衡量，利用追蹤資料分析法，探討銀行多角化程度對獲利與風險之影響，並分析對於逾放比率不同之銀行，其獲利、風險之影響因素是否有所差異，實證結果顯示：一、依品質一致性原則調整呆帳後之資產報酬率，較財報公佈之資產報酬率具較佳之解釋能力與統計顯著性；二、營業收入多角化可提升獲利與降低風險；資產配置多角化不但無法提升獲利，甚使其面臨更高之風險；轉投資模式與風險具有負向關係；三、金融控股公司經營模式與獲利具有正向關係；資產規模與風險具有負向關係；權益資產比及用人費用率與獲利、風險具有負向關係；總體環境因素和風險具有正向關係；四、對於低逾放比率銀行，分散營業收入來源，擴充銀行規模及提高自有資金比例，對其獲利與風險皆有正面之助益；對於高逾放比率銀行，僅有營業收入多角化模式可同時提升獲利與降低風險，意謂此類銀行除可採取營業收入多角化策略彌補呆帳損失外，亦應確實監控授信資產品質，方能有效地改善獲利能力與降低風險。 Does diversification indeed lead to increase profitability and reduce risk? We use a panel dataset of 21 banks in Taiwan for the period from 2000 to 2007, bad debt-adjusted ROA serves as the measure of profitability and the standard deviation of ROA serves as the measure of risk. This study investigate the effect of diversification on profitability and risk and hope to know how it works out under different non-performing loans ratio. Our main finding are as follows:(i)Compare with ROA in financial statement ,bad debt-adjusted ROA making better significance. (ii)Revenue diversification has positive relation to increase profitability and negative to reduce risk. Asset diversification has negative relation to reduce profitability and positive relation to increase risk. Equity investment has negative relation between risk. (iii) Banks operating as part of financial holding companies can improve profitability. Size has negative relation between risk. Equity to asset ratio and compensation to revenue ratio have negative relation to reduce both profitability and risk. Macroeconomic factor has positive relation to increase risk.(iv)For low non-performing loans ratio banks, revenue diversification, size and equity to asset ratio have positive relation to increase profitability and negative to reduce risk. For high non-performing loans ratio banks, revenue diversification is the only way to improve banksâ profitability and reduce risk. It draws a conclusion that banks monitor loan need strengthening in high non-performing loans ratio banks.
Reference:	一、中文部份王炯能 (2005)，《人力資本與組織財務績效關係之探討》，國立中央大學人力資源管理研究所碩士論文。王國樑 (2006)，《管理經濟學》，東華書局，台北。林惠文 (2001)，「國際化與多角化策略對財務績效之影響—本國銀行之比較分析」，《商管科技季刋》，第2卷第4期，頁337-397。李超雄、林家安、黃劭彥、鍾宇軒 (2007)，「金控與非金控架構下銀行業風險管理之比較分析」，《全球商管研究》，第2卷第1期，頁1-13。吳孟紋 (2001)，《銀行業最終股權結構與CAMELS之關係》，東吳大學會計學系碩士論文。吳敏瑯 (2005)，《市場佔有率、多角化與績效關係之研究-以台灣地區本國銀行業為例》，真理大學財經研究所碩士論文。沈中華 (2002a)，「金控公司的銀行與獨立銀行CAMEL比較：1997-1998」，《台灣金融財務季刋》，第3輯第2期，頁73-82。沈中華 (2002b)，「銀行合併轉投資的現在與未來」，《金融財務》，第5期，頁13-20。沈中華 (2005)，「銀行評比：推估品質一致的盈餘」，《金融風險管理季刋》，第1卷第3期，頁89-105。沈中華、呂青樺 (2006)，「影響大陸地區銀行獲利能力與風險的因素」，《中國大陸研究》，第49卷第3期，頁119-142。邱郁芬 (2003)，《The Effects of Bank Diversifications on Risk Profile》，元智大學財務金融系碩士論文。張綸宇 (2006)，《台灣銀行業獲利關係研究》，國立交通大學管理學院碩士在職專班碩士論文。梁文貴 (2000)，《產品多角化、國際擴張與廠商績效之關係--台灣資訊電子業之實證》，國立台灣大學商學研究所博士論文。秦裕英 (2007)，「臺灣地區銀行業經營績效之概況」，《創新研發學刋》，第3輯第1期，頁47-60。游智賢、邱臙珍、賴怡洵 (2004)，「銀行非傳統業務之效率與價值」，《台灣金融財務季刋》，第5輯第2期，頁79-94。陳錦村、陳玉華 (2004)，「金融控股公司的轉投資行為、治理機制能否效提昇經營績效」，《台灣金融財務季刋》，第5輯第2期，頁55-77。彭正浩 (1999)，《台灣銀行業多角化與其績效之研究》，國立台灣大學經濟學研究所碩士論文。蔡耿維 (2007)，《壽險公司經營業務的智慧資本分析》，國立高雄第一科技大學風險管理與保險所碩士論文。趙慧芳 (2006)，《臺灣金融控股公司多角化經營與報酬、風險關係》，國立中正大學財務金融研究所碩士論文。劉祥熹、葉思聖 (2001)，「台灣地區外商銀行業經營績效之分析」，《台大管理論叢》，第11輯第2期，頁35-83。蘇點宇 (1998)，《台灣地區銀行業務演變趨勢之分析》，國立台灣大學財務金融學研究所碩士論文。鄭詩蓉 (2001)，《台灣銀行業多角化程度對風險、報酬與調整風險後報酬的影響》，淡江大學會計學系碩士班碩士論文。賴憶如 (2008)，《跨業經營對銀行獲利與風險影響之研究》，國立政治大學行政管理碩士學程碩士論文。蕭絜心 (2007)，《銀行非傳統業務與經營績效之關連性》，銘傳大學財務金融學系碩士論文。蕭靜儀 (2008)，《問題與非問題銀行經營績效差異之研究》，國立政治大學行政管理碩士學程碩士論文。二、政府出版品中央銀行金融業務檢查處，《本國銀行營運績效季報》，1996年至2008年，中央銀行，台北。中央銀行金融業務檢查處，《中華民國金融統計月報》，1997年至2008年，央銀行，台北。行政院金融監督管理委員會銀行局統計室，《金融業務統計輯要》，1990年至2009年，金管會銀行局，台北。三、資料庫及網站台灣經濟新報資料庫行政院金管會銀行局，http://www.banking. gov.tw/ 中央銀行，http://www.cbc.gov.tw/ 行政院主計處，http://www.dgbas.gov.tw/ 四、英文部份 Abreu, A. and V. Mendes (2001) , “Commercial Bank Interest Margins and Profitability :Evidence for Some EU Countries,” paper presented at the Pan-European Conference Jointly Organized by the IEFS-UK & University of Macedonia Economic & Social Sciences Thessaloniki, Greece, 17-20 May. Acharya, V. V., I. Hasan and A. Saunders (2006) , “Should Banks Be Diversified? Evidence From Individual Bank Loan Portfolios,” Journal of Business, 79 ( 3 ) , 1355-1412. Ansoff, H.I. (1957) , “Strategic for Diversification,” Harvard Business Review, 35 ( 5 ), 113-124. Berry, C.H. (1975) , “Corporate Growth and Diversification,” Journal of Law and Economics, 14, 371-383. Brewer, E. (1990) , “The Risk of Banks Expanding Their Permissible Nonbanking Activities,” The Financial Review, 25 ( 4 ), 517-537. Brickley, J. A., C. W. Smith and J. Zimmerman (2004), Managerial Economics and Organizational Architecture, 3th Edition McGraw-Hill, 382-411. Booz , Allen and Hamilton (1985) , “ Diversification: A Survey of European Chief Executives,” Booz, Allen and Hamilton Inc., New York. David, W.P. (1992) , Macmillan Dictionary of Modern Economics, 4th Revised Edition Palgrave Macmillan. Hayden, E., D. Porath and N. V. Westernhagen (2007) , “Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios,” Journal of Financial Services Research, 32(3), 123-140. Liang, J. N. and S. A. Rhoades (1991) , “Asset Diversification, Firm Risk, and Risk-Based Capital Requirements in Banking,” Reviews of Industrial Organization, 6, 49-59. Mak, K. M. and S. Akhtar (2003), “Human Resource Management Practices, Strategic Orientations and Company Performance: A Correlation Study of Publicity Listed Companies,” Journal of American Academy of Business, 2 (2), 510-515. Maudos, J., J.M. Pastor, F. Perez and J. Quesada (2002), “Cost and Profit Efficiency in European Banks,” Journal of International Financial Markets, Institutions and Money, 12, 33-58. Mercieca, S., K. Schaeck and S. Wolfe (2007) , “Small European Banks: Benefits from Diversification?” Journal of Banking & Finance, 31, 1975-1998. Obi ,C. P. and A. Emenogu (2003) , “Bank Holding Company Expansion into Nonbank Functions: Is the Rise in Systematic Risk Rewarded?,” Managerial Finance, 29 ( 8 ), 9-22. Odesanmi, S. and S.Wolfe (2007), “Revenue Diversification and Insolvency Risk: Evidence from Banks in Emerging Economies,” School of Management, University of Southampton, Highfied. Stiroh, K. J. and A. Rumble (2005) , “The Dark Side of Diversification: The Case of US Financial Holding Companies,” Journal of Banking & Finance, 30, 2131-2161. Teece, D.J. (1982) , “Towards an Economic Theory of the Multiproduct Firm,” Journal of Economic Behavior and Organization, 3 , 39-63.
Description:	碩士國立政治大學行政管理碩士學程 94921035 97
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0094921035
Data Type:	thesis
Appears in Collections:	[Master for Eminent Public Administrators] Theses

Files in This Item:

File	Size	Format
index.html	0Kb	HTML2	445	View/Open

社群 sharing

Loading...