| Summary: | 碩士 === 銘傳大學 === 國際企業學系碩士班 === 92 === The purposes of this research program are to discuss if the entire operating synergy of the financial holding companies and the percentage of the market shares will increase as expected because of the merger between the financial holding companies and generates the synergies, also finding out whether there is managerial synergy among the parent company and their subsidiaries. Moreover, a deeper research on entire management efficiency of the financial holding company resulting from the degree of diversification and different main formation of the financial holding companies and their branches is conducting in the program.
The results of this empirical study are as follows: in the part of the cost efficiency: nine of fourteen financial holding companies are below the whole average value; after the bank industry joins the financial holding companies, the cost efficiency value drop instead; the insurance industry isn''t have any obvious changes; but the security and bills finance industry make its progress. As to the economies of scale value: six of fourteen financial holding companies achieve economies of scale after the merger; after the bank industry joins the financial holding companies, the economies of scale value increase; the insurance, security and bills finance industry, however, decrease. As for the economies of scope value, eight of fourteen financial holding companies achieve economies of scope after the merger; after the bank, security and bills finance industry joins the financial holding companies, the economies of scope value drop instead of making noneconomies of scope; the insurance industry isn''t have any obvious changes.
Furthermore, in the part of the market shares, after the financial holding companies merge, they aren''t gradually improving on their market shares. And after the bank, insurance, security and bills finance industry joined the financial holding companies, their market shares all make improving. Finally, the cost efficiency is significant negatively related to the main formations of the financial holding companies and their branches; the economies of scale value are significant positively related to the main formations of the financial holding companies. And the economies of scope value are significant negatively related to the main formations of the financial holding companies and their branches.
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