Empirical Study on the Operating Efficiency of Taiwan Financial Holding Company

• Main Authors: Chung-Cheng Feng, 馮忠誠
• Other Authors: 蔡京姐
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/3b5nx2

碩士 === 國立臺中科技大學 === 會計資訊系碩士班 === 107 === Efficient operation is the fundamental way for the company to maintain its survival. Therefore, two-step concept of a non-parametric technique, Data Envelopment Analysis (hereafter DEA) together with Tobit regression was adopted to investigate the operational efficiency and its determinants of 16 financial holding companies operating in Taiwan form 2012 to 2017. In the two-stage approach, the DEA method was firstly conducted to convert multiple input and output measures into a single composite measure of the operational efficiency of financial holding companies. Then the operational efficiency value obtained from the DEA method was employed as a dependent variable in the Tobit regression to determine factors that affect the operational efficiency of financial holding companies. The empirical evidence of this study shows that the overall efficiency of Taiwanese financial holding company needs to be improved. In addition, the results indicate that financial holding companies with the business model based on life insurances have higher operational efficiency. In regards to the effects of corporate governance mechanism, there is a positive relationship between the percentage of outstanding shares owned by the directors and supervisors and operational efficiency on human resources and assets.