English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51658475      Online Users : 581
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 商學院 > 金融學系 > 學位論文 >  Item 140.119/64336


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64336


    Title: 探討亞洲銀行業非利息收入與淨利差之關係及利差決定因子
    The interrelationship between net interest margin and noninterest income and the determinants of net interest margin for Asian banks.
    Authors: 林文健
    Contributors: 黃台心
    Huang, Tai Hsin
    林文健
    Keywords: 利差
    非利息收入
    市場力量
    勒納指數
    聯立方程式迴歸
    NIM
    noninterest income
    market power
    Lerner index
    simultaneous equations
    Date: 2012
    Issue Date: 2014-03-03 15:33:11 (UTC+8)
    Abstract: This paper explores the interrelationship between the net interest margin (NIM) and noninterest income and their determinants for banks in 9 Asian countries over the period 1998-2010. A simultaneous equations system is used to deal with endogenous regressors and its structural parameters are identified under a heteroskedastic covariance restriction, proposed by Lewbel (2012). The renovated Lerner Index proposed by Huang et al. (2013) is factored as a more robust proxy for market power over HHI. Our results demonstrate significantly positive relationship between the NIM and noninterest income, suggesting overall benefits for banks from income diversification. In addition, the loss-leader behavior is not supported in the sample countries.
    Reference: Aigner, D., C. A. K. Lovell, and P. Schmidt, 1977. Formulation and Estimation of Stochastic Frontier Production Function Models. Journal of Econometrics, 6, 21-37.
    Allen, L., 1988. The determinants of bank interest margins: a note. Journal of Financial and Quantitative Analysis 23 (2), 231–235.
    Angbazo, L., 1997. Commercial bank net interest margin, default risk, interest-rate risk, and off-balance sheet banking. Journal of Banking and Finance 21, 55-87.
    Baele, L., Jonghe, O., Vennet, R., 2007. Does the stock market value bank diversification? Journal of Banking and Finance 31, 1999–2023.
    Bain, J., 1956. Barriers to new competition. Harvard University press, Cambridge, MA.
    Beck, T., Demirguc-Kunt, A., Levine, R., 2006. Bank Concentration, competition, and Crises: First Results. Journal of Banking and Finance 30, 1581-1603.
    Berg, S. A., M. Kim, 1998. Bank as Multioutput Oligopolies: An Empirical Evaluation of the Retail and Corporate Banking Markets. Journal of Money, Credit, and Banking 30, 135-153.
    Berger, A. N., A. Demirgüç-Kunt, R. Levine, and J. G. Haubrich, 2004. Bank Concentration and Competition: An Evolution in the Making. Journal of Money, Credit, and Banking 36, 433-451.
    Berger, A. N., L. F. Klapper, R. Turk-Ariss, 2009. Bank Competition and Financial Stability. Journal of Financial Services Research 35, 99-118.
    Berger, A., 1995. The relationship between capital and earnings in banking. Journal of Money Credit and Bank 27, 432-456.
    Berger, A.N., Hasan, I., Zhou, M., 2010. The effects of focus versus diversification on bank performance: Evidence from Chinese banks. Journal of Banking and Finance 34, 1417-1435.
    Carbó, S., Rodríguez, F., 2007. The determinants of bank margins in European banking. Journal of Banking and Finance 31, 2043-2063.
    Delis, M. D., E. G. Tsionas, 2009. The Joint Estimation of Bank-level Market Power and Efficiency. Journal of Banking and Finance 33, 1842-1850.
    Fernández de Guevara, J., J. Maudos, and F. Pérez, 2005. Market Power in European Banking Sectors. Journal of Financial Services Research 27, 109-137.
    Flannery, M.C. and C.M. James, 1984. The effects of interest rate changes on the common stock returns of financial institutions. Journal of Finance 39, 1141-1153.
    Heffernan, S.A., Fu, X., 2010. Determinants of financial performance in Chinese banking. Applied Financial Economics 20, 1585-1600.
    Ho, T., Saunders, A., 1981. The determinants of bank interest margins: theory and empirical evidence. Journal of Financial and Quantitative Analysis 16, 581-600.
    Huang, T.H., Liu N. H., 2013. Formulation and Joint Estimation of the Lerner Index and Cost Efficiency for Banks Using Copula Methods. Manuscript.
    James, C., 1988. The use of loan sales and standby letters of credit by commercial banks. Journal of Monetary Economics 22, 395-422.
    Keeley, M.C., 1990. Deposit Insurance, Risk, and Market Power in Banking. American Economic Review 80, 1183-1200.
    Koetter, M., T. Poghosyan, 2009. The Identification of Technology Regimes in Banking: Implications for the Marker Power-fragility Nexus. Journal of Banking and Finance 33, 1413-1422.
    Kumbhakar, S. C. and C. A. K. Lovell, 2000. Stochastic Frontier Analysis. Cambridge: Cambridge University Press.
    Laeven, L., Levin, R., 2007. Is there a diversification discount in financial conglomerates? Journal of Financial Economics 85, 331–367.
    Lai, H. P. and C. J. Huang, 2010. Maximum Likelihood Estimation of Seemingly Unrelated Stochastic Frontier Regressions. Manuscript.
    Lepetit, L., Nys, E., Rous, P., Tarazi, A., 2008. The expansion of services in European banking: Implications for loan pricing and interest margins. Journal of Banking and Finance 32, 2325-2335.
    Lerner, A. P., 1934. The Concept of Monopoly and the Measurement of Monopoly Power. The Review of Economic Studies 1, 157-175.
    Lewbel, A., 2012. Using heteroscedasticity to identify and estimate mismeasured and endogenous regressor models. Journal of Business and Economic Statistics 30, 67-80.
    Lin, J., Chung, H., Hsieh, M., Wu, S., 2012. The determinants of interest margins and their effect on bank diversification: Evidence from Asian banks. Journal of Financial Stability 8, 96-106.
    Maudos, J., Fernández de Guevara, J., 2004. Factors explaining the interest margin in the banking sectors of the European Union. Journal of Banking and Finance 28, 2259-2281.
    Maudos, J., J. Fernández de Guevara, 2004. Factors Explaining the Interest Margin in the Banking Sectors of the European Union. Journal of Banking and Finance 28, 2259-2281.
    Maudos, J., J. Fernández de Guevara, 2007. The Cost of Market Power in Banking: Social Welfare Loss vs. Cost Inefficiency. Journal of Banking and Finance 31, 2103-2125.
    Maudos, J., Solís, L., 2009. The determinants of net interest income in the Mexican banking system: An integrated model. Journal of Banking and Finance 33, 1920-1931.
    McShane, R.W., Sharpe, I.G., 1985. A time series/cross section analysis of the determinants of Australian trading bank loan/deposit interest margins: 1962-1981. Journal of Banking and Finance 9, 115-136.
    Meeusen, W. and J. Van Den Broeck, 1977. Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error. International Economic Review, 18, 435-444.
    Nguyen, J., 2012. The relationship between net interest margin and noninterest income using a system estimation approach. Journal of Banking and Finance 36, 2429-2437.
    Panzar, J. C., J. N. Rosse, 1987. Testing for Monopoly Equilibrium. Journal of Industrial Economics 35, 443-456.
    Pennacchi, G., 1988. Loan sales and the cost of bank capital. Journal of Finance 43, 375-396.
    Pyle, D., 1985, Discussion of off balance sheet banking, In: The search for financial stability: The past 50 years. Federal Reserve Bank of San Francisco, San Francisco, CA.
    Rogers, K., Sinkey, J.F., 1999. An analysis of non-traditional activities at US commercial banks. Review of Financial Economics 41, 323-336.
    Shaffer, S., 1989. Competition in the US Banking Industry. Economics Letters 29, 321-323.
    Sklar, A., 1959. Functions de Répartition àn Dimensions et Leurs Marges. Publications de l’Institut de Statistique de L’Université de Paris, 8, 229-231.
    Stiroh, K., 2006. A portfolio view of banking with interest and noninterest activities. Journal of Money, Credit and Banking 38, 1351–1361.
    Tsay, W. J., C. J. Huang, T. T. Fu, and I. L. Ho (2012), A Simple Closed-form Approximation for the Cumulative Distribution Function of the Composite Error of Stochastic Frontier Models, Journal of Productivity Analysis, forthcoming.
    Turk-Ariss, R., 2009. Competitive Behavior in Middle East and North Africa Banking Systems. The Quarterly Review of Economics and Finance 49, 693-710.
    William A. Brock, 1983. Contestable markets and the theory of industry structure: A review article. Journal of Political Economy 91, 1055-1066.
    Description: 碩士
    國立政治大學
    金融研究所
    100352007
    101
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G1003520071
    Data Type: thesis
    Appears in Collections:[金融學系] 學位論文

    Files in This Item:

    File SizeFormat
    007101.pdf566KbAdobe PDF2436View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    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 ©   - Feedback