A Study on the Operating Performance of Financial Holding Companies in Taiwan

• Main Authors: Yu-Chun Cheng, 鄭宇鈞
• Other Authors: 林筠
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/44878388623395190661

碩士 === 國立臺灣大學 === 財務金融學研究所 === 94 === This research uses financial indicators to evaluate the performance of Financial Holding Companies, FHCs. Unlike past research, in which a firm’s profitability has been strongly emphasized; this research evaluates the performance of Financial Holding Companies by examining profitability, market share, employee contribution, operating efficiency, and risk analysis. The performance of financial industries and master companies of the Financial Holding Companies are also discussed; for the purpose of understanding the causes that may have contributed to the difference in operating performance. Research results are summarized below: 1.Cathay FHC ranks first in profitability, and Jihsun FHC ranks last in profitability. Cathay FHC ranks first in market share and Waterland FHC ranks last in market share. Cathay FHC ranks first in employee contribution, and Jihsun FHC ranks last in employee contribution. Cathay FHC and Shin Kong FHC both rank first in operating efficiency and Fuhwa FHC ranks last in operating efficiency. China Development FHC ranks first in risk analysis, and Fuhwa FHC ranks last in risk analysis. 2.If master companies of FHCs operate under the industries such as security, note, and life insurance; profitability of the whole industry may have a strong impact on the operating performance of FHCs. 3.If master companies operate under the banking industry; profitability of sub companies may have a direct impact on the operating performance of FHCs. To further understand this topic, future research may consider using qualitative indicators as measures to evaluate operating performances of FHCs. Cross-examining between domestic and foreign Financial Holding Companies can also be used in combination with qualitative indicators to advance one’s research.