| Summary: | 碩士 === 銘傳大學 === 經濟學系碩士在職專班 === 94 === In view of the development of Taiwanese financial market, the government wanted to get a maximum synergy to improve the worsening market through the establishment of financial holding companies in Taiwan., but the expected result has never been achieved. Wanting to continue the job on improving the financial market, the government activated the Second-stage Financial Reform (a.k.a. the Reform), which is based on profit making needs, and unfortunately this strategy failed because of the lack of sufficient theoretical supports for the policies. This has highlighted the problems form fast-food style mergers and acquisitions among Taiwanese financial holding companies.
This study suggests that the Reform should go back to its original process and rebuild a supportive social environment under considerations on theoretical concepts, empirical authentications, and analysis of international experiences. We should also make a smooth path for the Reform by controlling the optimal number and scale of the financial holding companies, avoiding the muse while searching for the greatest competition power, and integrating perceptions and actions to improve the feasibility the Reform.
Here are the conclusions of this study as follows:
1.The key point to enhance the competition power does not lie in how big a financial holding company is, but in a distinction created by the perfect market segmentation and the certain kinds of market effectiveness.
2.Push the movement of the best financial policies forward and do not deviate from the market principles, and make a good construction of the withdraw mechanism to raise the flexibility of government’s supervision management and to lower down the cost of the crisis management.
3.Keep on opening the market and slackening the market control to enhance the core value of financial holding companies and to encourage the financial innovation and the ability to make a profit.
4.Properly adjust the cross-strait financial policies to expand the market scale, and grab the niche aiming at China and Taiwan to reassure a win-win situation for the banking industry in both areas.
5.Before the publication of this study, the government showed its responsibilities and shelved the Reform, and pragmatically faced the side effects and questions from the Reform, which is worth praising. Before the restart of the Reform and for the success of the Reform, the government should correct the deviations from the policies, and gain the essence of the management efficiency to enhance a financial holding company’s competition power.
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