| Summary: | 碩士 === 國立嘉義大學 === 管院碩士在職專班 === 105 === When discussing the Bank operating efficiency, the traditional accounting indicators or CAELSG measures are influenced by the accounting standards, without evaluating the cost of capital from the investors simultaneously. Therefore, Economic Value Added Theory adjusts the traditional accounting indicators and creates a new evaluation method, which put both liability and equity perspective into consideration of the total cost of capital.
In this study, we collect empirical research samples from mixed private-public-ownership bank, and listed and OTC financial holding companies and privatized banks under its jurisdiction, and listed privatized banks. We have two discoveries as follow. First, when evaluating the operating performance of financial companies, there is no obvious deviation between EVA method and Traditional Accounting Indices. However, EVA method appears to be more reasonable when evaluating the financial companies with insurance business. Second, comparing the performance between government-based banks and private banks with EVA method, government-based banks perform better than government-based-later-privatized banks, and privatized banks perform better than government-based banks. Also, we should consult with the traditional efficiency indices in order to complete the evaluation thoroughly, due to the natures of banking business.
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