| Summary: | 碩士 === 國立臺灣科技大學 === 企業管理系 === 104 === In this study, the main purpose is to explore relative efficiency of banks and financial holding companies (FHCs) in Taiwan. We use efficiency analysis, Mann-Whitney U test and Tobit regression to compare the efficiency of domestic banks before and after the Financial Holding Company Act. Empirical results show:(1) Non-Financial Holding Banks’ efficiency were higher than Financial Holding Banks, indicating that banks join the FHCs did not have an advantage. (2) Financial Holding Banks’ technical efficiency was lower than after the implementation of the Financial Holding Act, showing the implementation of the Act to enhance efficiency is not helpful. (3) Before the Act, Number of branches and efficiency had significant positive relationship, but after the Act, there were significantly negatively correlated; regardless before and after the Act, ratio of government ownership and pure technical efficiency was significantly negatively correlated.
The empirical results of FHCs’ efficiency before and after the financial crisis: (1) After the financial crisis, marketability efficiency is lower than before the financial crisis (2) In view of profitability efficiency, big FHCs were more efficient than smaller ones, but in marketability efficiency, investors favored smaller FHCs; FHCs with the main body of insurance had the highest profitability efficiency, but FHCs with the main body of securities had the lowest marketability efficiency. (3) BIS and profitability efficiency had significant positive correlation, but it had significant negative relationship with marketability efficiency; Debt/Equity Ratio and profitability efficiency had significant positive relationship, but was significantly negatively correlated with the marketability efficiency.
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