| Summary: | 碩士 === 義守大學 === 財務金融學系碩士班 === 94 === To cope with the global trend of liberalization and internationalization of financial services, the Government has enacted the “Financial Holding Company Act”. Not only it may benefit consumers with a “one-stop shopping”, but also may create a synergy in economies of scale. In order to meet the challenge of powerful competition from international financial groups, the Government had to solve domestic financial problem, integrate financial institutes as the first priority. Therefore, as early as June 27, 2001, six Laws for financial were passed. The purpose of enactment was to guide the financial system of Taiwan to “concentrate holding, expand organization and diversify operation”, so as to promote the competitive capacity and internationalization of financial institutes.
The sample of this study is 31 banks which includes 15 banks inside and 16 banks outside the financial holding company in Taiwan of 1999 - 2004. We adopt the viewpoint of Intermediation Approach to regard the bank as agency institution providing financial services. We select interest income and non-interest income as output variables, besides fixed assets, Interest expense and operation cost as intput variables. We examine the different of efficiency value of banks before and after entering financial holding company and inside and outside the financial holding company. The findings from empirical analysis are shown as follows:
1.The efficiency value of banks before entering the financial holding company inferior to the efficiency value of banks after entering the financial holding company.
2.The efficiency value of banks inside the financial holding company inferior to the efficiency value of banks outside the financial holding company. The major reason comes from pure technical efficiency decrease progressively year by year.
In addition, the technical efficiency is opposite with figure of the branch, risk-based capital adequate ratio, default rate and risk level, but it is apparently positive correlation with scale of the assets and independent with business income that each person .
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