Does holding bank ownership increase firm performance? Evidence from Japan, German and the U.S.

• Main Authors: Chen-Yao Chang, 張宸瑤
• Other Authors: Meng-Fen Hsieh
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/c5p76h

碩士 === 國立臺中科技大學 === 財務金融系碩士班 === 101 === This study intends to explore the relation between firms holding bank ownership and their performance. Our sample period is over 2004 and 2011. Three countries are analyzed, they are Japan, German and the U.S.. Empirical results indicate that, first, in Japan, the higher level of bank ownership the firms hold, the lower performance would be. But it is not true for Germany and the U.S.. Second, in Japan firms with higher debt structure or worse performance would increase holding bank ownership, but in the Germany and the U.S. firms, there is not statistically significant relationship between the two. Third, in Japan and Germany, when firms hold higher bank ownership, firms’ debt structure would be increased. Fourth, in Germany, firms’ performance would not be improved unless considering firms hold bank ownership and investment rate at the same time.