The Impact of Bank Ownership on Performance and Risk after the Financial Crisis of 2008

• Main Authors: Ya-Chun Chung, 鍾雅鈞
• Other Authors: Hsiu-I Ting
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/52710669450950911029

碩士 === 國立高雄第一科技大學 === 金融研究所 === 99 === This paper explores the effects of ownership structure in the financial crisis of 2008 on performance and risk. The sample includes 1,490 banks from 186 countries spanning the period from 2005-2009. Our results can be summarized as follows. First, there are significantly negative abnormal returns in the event period, and developed countries are more damaged than developing countries. Second, banks with higher government or institutional ownership tend to have significantly negative abnormal returns. Third, banks with higher government ownership are associated with lower profitability and higher risk, and they can alleviate the negative and positive effects after the financial crisis. The government support hypothesis exists. Further, banks with higher private foreign ownership present higher profitability, which supports the professional foreign bank hypothesis. We also find that banks with concentrated ownership and minority control have lower profitability, which supports the ownership concentration and minority control hypothesis.