Reverse Mortgage Lending - The Decision-making of Bank Managers in Government-owned Banks in Taipei

• Main Authors: Lo, Chen-Jen, 羅振仁
• Other Authors: Lai, Christine W.
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/gpnbfn

碩士 === 國立臺灣師範大學 === 高階經理人企業管理碩士在職專班(EMBA) === 105 === Due to the impacts of declining fertility rate and aging population society, the imbalance of the population structure in Taiwan becomes a serious problem, resulting in unfavorable influences to the future of economic growth and government finacial balance. Finding out income generating options for aged people becomes an important issue. In this context, the real estate reverse mortgage (RM) proposes a concept that housing endowment is an effective solution. Previous studies document the influences of RM in Taiwan, but most studies focus on RM demand side and face difficulties in selecting truly a representative sample. This study focus on RM supply side. In particular, among all the banks in Taiwan, over 90% of RM cases are offered within six government-owned banks, and most cases are performed in metropolitan areas, among which Taipei has the highest percentage. Therefore, the census of this study referred to The Bankers Association of Taipei member list on January 3rd, 2017, and surveyed 227 branch managers of the six government-owned banks, including Taiwan Coperative Bank, Land Bank of Taiwan, Hua Nan Bank, Taiwan Business Bank, First Bank, and Bank of Taiwan that have offered RM. Accordinglly, the charateristics of the sample are similar to the population and the sample is highly representative of the population. There are two phases of designing and collecting questionnairs. In the first phase, 18 bank practitioners are invited to participate in answering questionnairs (effective reseponse rate=100%). These 18 effective questionnairs provide key factors and terms that refine the decision-making process of bankers in offering RM. These key factors and terms are included in the final version of the questionnsire. Ther are 114 effective questionnairs (effective reseponse rate=50.2%) in the second phase and the Analytic Hierarchy Process (AHP) is utilized for empirical analysis. It is found that the key factors that affect bank’s RM offerings are mainly focused on “People” and “Protection” in the 5P principle. In particular, these key factors include the age of applicants, the arrangement of retirement pension, the will of the children to support their elder relatives, the number of children, the individual/family income, the location of the house, the concept of the inheritance, the value of the house, the status of marriage and the expectations of children to inherit assets. These ten factors account for 60% of the importance regarding why/how banks offer RM in Taiwan.