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題名 Leverage, Performance and Capital Adequacy Ratio in Taiwan`s Banking Industry
作者 Ho,Shirley J.;Hsu,Su-Chu
貢獻者 政大經濟系
關鍵詞 Bankruptcy;Capitaladequacyratio;Financial structure;Early withdrawals;Oligopoly
日期 2010-12
上傳時間 16-Sep-2013 17:26:35 (UTC+8)
摘要 We examine the relation between firms’ financial structures and their risky investment strategies in Taiwan’s banking industry. Regressions cover two subperiods: before the first financial reform (1996–2000) and after the first financial reform (2001–2006), to address the impacts of the first financial reform on banking firms’ financial structures. Our first result demonstrates that the restrictions on CAR have indeed affected firms’ risky investment strategies, as market share and leverage are positively related.Second, the firm performance is significantly and positively related to firm size, leverage and financialcost. Finally, the regression results show that financial structures for banking firms are positively related to the states of business cycle (i.e., cyclical). The positive signs coincide with Proposition 4 in our
     analytical model.
關聯 Japan and the World Economy, 22(4), 264-272
資料類型 article
DOI http://dx.doi.org/10.1016/j.japwor.2010.06.007
dc.contributor 政大經濟系en_US
dc.creator (作者) Ho,Shirley J.;Hsu,Su-Chuen_US
dc.date (日期) 2010-12en_US
dc.date.accessioned 16-Sep-2013 17:26:35 (UTC+8)-
dc.date.available 16-Sep-2013 17:26:35 (UTC+8)-
dc.date.issued (上傳時間) 16-Sep-2013 17:26:35 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/60936-
dc.description.abstract (摘要) We examine the relation between firms’ financial structures and their risky investment strategies in Taiwan’s banking industry. Regressions cover two subperiods: before the first financial reform (1996–2000) and after the first financial reform (2001–2006), to address the impacts of the first financial reform on banking firms’ financial structures. Our first result demonstrates that the restrictions on CAR have indeed affected firms’ risky investment strategies, as market share and leverage are positively related.Second, the firm performance is significantly and positively related to firm size, leverage and financialcost. Finally, the regression results show that financial structures for banking firms are positively related to the states of business cycle (i.e., cyclical). The positive signs coincide with Proposition 4 in our
     analytical model.
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dc.format.extent 145578 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Japan and the World Economy, 22(4), 264-272en_US
dc.subject (關鍵詞) Bankruptcy;Capitaladequacyratio;Financial structure;Early withdrawals;Oligopolyen_US
dc.title (題名) Leverage, Performance and Capital Adequacy Ratio in Taiwan`s Banking Industry-
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.japwor.2010.06.007en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.japwor.2010.06.007en_US