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https://ah.lib.nccu.edu.tw/handle/140.119/74893
題名: | Taiwan second financial restructuring and commercial bank productivity growth: M&As impact | 作者: | Hsiao, H.-C.;Lin, Meihwa 林美花 |
貢獻者: | 會計系 | 日期: | 2013 | 上傳時間: | 28-Apr-2015 | 摘要: | Purpose - The purpose of this paper is to examine the impact of merger and acquisition (M&As) of «second financial restructuring» (SFR) on the productivity growth of commercial banks in Taiwan. Design/methodology/ approach - The paper uses the Malmquist productivity change index to evaluate the changes from pre-SFR to SFR period and from pre-SFR to post-SFR period. In addition, the bootstrapping regression method is applied to examine the relationship of SFR policy and productivity change. Findings - Merged banks have improved their productivity and scale efficiency after the M&As program of SFR. In addition, the greater productivity growth of merged banks than non-merged banks is attributed to small-sized and private-voluntary merged banks. Furthermore, the small-sized merged banks have greater productivity growth and scale efficiency improvement than the big-sized merged banks, and the government-mandatory merged banks have lower productivity growth than private-voluntary merged banks after the SFR. Research limitations/implications - This study has an academic implication for providing additional empirical evidence related to the impact of government M&As policy on bank productivity growth in the developing countries. Practical implications - The findings on this paper have implications for financial reform policy and banking management on M&As activity, in particular, as they clarify the differential effects of big-sized vs small-sized and government-mandatory vs private-voluntary merged banks. Originality/value - Understanding the impacts of financial reform is particularly important as the banking industry has become increasingly competitive. This paper contributes to this area by assessing the impact of the M&As policy of SFR on productivity growth and evaluating differential effects of M&As. Copyright © 2013 Emerald Group Publishing Limited. All rights reserved. | 關聯: | Review of Accounting and Finance, 12(4), 327 - 350 | 資料類型: | article | DOI: | http://dx.doi.org/10.1108/RAF-05-2012-0043 |
Appears in Collections: | 期刊論文 |
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