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題名 外資進入與金融風暴對於亞洲各國本土銀行業績效表現之影響
The Effects of Foreign Bank Penetration and Financial Crisis
作者 劉信芝
Liu, Hsin Chih
貢獻者 張元晨
劉信芝
Liu, Hsin Chih
關鍵詞 銀行
亞洲金融風暴
日期 2006
上傳時間 14-Sep-2009 09:01:14 (UTC+8)
摘要 本文研究外資進入與亞洲融風暴對於本土銀行業的影響,在所選取的樣本中,我們發現國際化會提升銀行的獲利但不見得改善營運的效率性與穩定性。實証結果也不支持亞洲金融風暴對於亞洲銀行業有顯著影響的假說。同時發現市場的集中程度對於銀行業的獲利有些微影響,主要是關於銀行的訂價能力。最後,就所選取的十一個亞洲國家中討論,本文顯示在樣本時間點內,外資進入本土市場設立分行對於本土的效率性與穩定性的影響並不顯著。
This research examines the effect of foreign banks penetration and financial crisis on the banking sectors in Asian countries. We find that internationalization improves the profitability of banks in our sample countries, but not necessarily improve their operational efficiency and financial stability. Our empirical results do not support the hypothesis that Asia Financial Crisis has a significant impact on Asian banking sectors. We also show that, bank concentration has little effect on the profitability of banks, and it was related to the pricing ability of banks. Lastly, our research shows that there is insignificant effect of foreign bank penetration on the efficiency and stability over these eleven Asian countries during our sample period.
參考文獻 A. Demirgüç-Kunt and E. Detragiache, 1998, Financial Liberalization and Financial Fragility, Policy Research Working Paper Series No. 1917, March 1998
A. Demirguc-Kunt and R. Levine, 2000, Bank Concentration: Cross-Country Evidence, World Development Report 2002, the Word Bank
A. Galindo, A. Micco, C. Serra, 2003, Better the Devil that You Know: Evidence on Entry Costs Faced by Foreign Banks, Inter-American Development Bank January 2003
D. Focarelli, and A. Pozzolo, 2005, Where Do Banks Expand Abroad? An Empirical Analysis, Journal of Business, 2005, vol. 78, no. 6
G. Clarke, R. Cull, and M. Martinez Peria, 2002, Does Foreign Bank Penetration Reduce Access to Credit In Developing Countries? Evidence from Asking Borrowers, World Bank Policy Research Working Paper No. 2716
H. Montgomery, 2003, the Role of Foreign Banks in Post-Crisis Asia: The Importance of Method of Entry, ADB Institute Research Paper Series No. 51
J. Agung, 1998, Financial Deregulation and the Bank Lending Channel in Developing Countries: The Case of Indonesia, Asian Financial Journal 1998, Vol .12 No. 3
J. Crystal, B. Dages, and L. Goldberg, Has Foreign Bank Entry Led to Sounder Banks in Latin America, Current Issues in Economics and Finance, Vol.8, No.1, Jan 2002
J. Hawkins and D. Mihaljek, 1997, The banking industry in the emerging market economies: competition, consolidation and systemic stability - an overview, BIS Papers No 4
Kim E. and Lee B., 2004, the Effects of Foreign Bank Entry on the Performance of Private Domestic Banks in Korea, BIS paper, March 2004
L. Goldberg, 2004, Financial-Sector Foreign Direct Investment and Host Countries: New and Old Lessons, Federal Reserve Bank of New York Staff Reports
L. Goldberg, B. Gerard Dages, and D. Kinney, 2000, Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina, National Bureau of Economic Research Working Paper No.7714
S. Claessens,Demirgüç-Kunt, and H. Huizingal, 1998, How does foreign entry affect the domestic banking market?, Journal of Banking and Finance Vol. 25, no. 5, pp. 891-911. May 2001
T. Beck, A. Demirgüç-Kunt and R. Levin, 2004, Bank Concentration and Fragility: Impact and Mechanics, National Bureau of Economic Research Working Paper No.11500
T. Beck, A. Demirgüç-Kunt and R. Levine, 2004, Bank Concentration, Competition, and Crises: First results, Journal of Banking and Finance, May 2006
描述 碩士
國立政治大學
財務管理研究所
94357017
95
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0094357017
資料類型 thesis
dc.contributor.advisor 張元晨zh_TW
dc.contributor.author (Authors) 劉信芝zh_TW
dc.contributor.author (Authors) Liu, Hsin Chihen_US
dc.creator (作者) 劉信芝zh_TW
dc.creator (作者) Liu, Hsin Chihen_US
dc.date (日期) 2006en_US
dc.date.accessioned 14-Sep-2009 09:01:14 (UTC+8)-
dc.date.available 14-Sep-2009 09:01:14 (UTC+8)-
dc.date.issued (上傳時間) 14-Sep-2009 09:01:14 (UTC+8)-
dc.identifier (Other Identifiers) G0094357017en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/30991-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 財務管理研究所zh_TW
dc.description (描述) 94357017zh_TW
dc.description (描述) 95zh_TW
dc.description.abstract (摘要) 本文研究外資進入與亞洲融風暴對於本土銀行業的影響,在所選取的樣本中,我們發現國際化會提升銀行的獲利但不見得改善營運的效率性與穩定性。實証結果也不支持亞洲金融風暴對於亞洲銀行業有顯著影響的假說。同時發現市場的集中程度對於銀行業的獲利有些微影響,主要是關於銀行的訂價能力。最後,就所選取的十一個亞洲國家中討論,本文顯示在樣本時間點內,外資進入本土市場設立分行對於本土的效率性與穩定性的影響並不顯著。zh_TW
dc.description.abstract (摘要) This research examines the effect of foreign banks penetration and financial crisis on the banking sectors in Asian countries. We find that internationalization improves the profitability of banks in our sample countries, but not necessarily improve their operational efficiency and financial stability. Our empirical results do not support the hypothesis that Asia Financial Crisis has a significant impact on Asian banking sectors. We also show that, bank concentration has little effect on the profitability of banks, and it was related to the pricing ability of banks. Lastly, our research shows that there is insignificant effect of foreign bank penetration on the efficiency and stability over these eleven Asian countries during our sample period.en_US
dc.description.tableofcontents 1. INTRODUCTION 8
     2. LITERATURE REVIEW 11
     2.1 THE IMPACT OF FOREIGN ENTRY TO HOST COUNTRIES 11
     2.2 OTHER ISSUES ABOUT FOREIGN ENTRY 14
     2.3 ISSUES OF CONCENTRATION 16
     3. DATA DESCRIPTION 19
     3.1 SAMPLE DESCRIPTION 19
     3.2 VARIABLES DEFINITION 20
     3.2.1 DEPENDENT VARIABLES DEFINFITION 20
     3.2.2 INDEPENDENT VARIABLES DEFINITION 21
     4. EMPIRICAL ESTIMATE 24
     4.1 HYPOTHESIS 24
     4.2 EMPIRICAL MODEL 25
     4.3 EMPIRICAL RESULT 26
     4.3.1 COUNTRIES IN ASIA 26
     4.3.2 CHINA 29
     4.3.3 HONG KONG 30
     4.3.4 INDIA 32
     4.3.5 INDONESIA 34
     4.3.6 JAPAN 36
     4.3.7 KOREA 38
     4.3.8 MALAYSIA 40
     4.3.9 PHILIPPINES 42
     4.3.10 SINGAPORE 43
     4.3.11 TAIWAN 45
     4.3.12 THAILAND 46
     5. CONCLUSIONS 49
     REFERENCE 52
     APPENDIX 54
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0094357017en_US
dc.subject (關鍵詞) 銀行zh_TW
dc.subject (關鍵詞) 亞洲金融風暴zh_TW
dc.title (題名) 外資進入與金融風暴對於亞洲各國本土銀行業績效表現之影響zh_TW
dc.title (題名) The Effects of Foreign Bank Penetration and Financial Crisisen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) A. Demirgüç-Kunt and E. Detragiache, 1998, Financial Liberalization and Financial Fragility, Policy Research Working Paper Series No. 1917, March 1998zh_TW
dc.relation.reference (參考文獻) A. Demirguc-Kunt and R. Levine, 2000, Bank Concentration: Cross-Country Evidence, World Development Report 2002, the Word Bankzh_TW
dc.relation.reference (參考文獻) A. Galindo, A. Micco, C. Serra, 2003, Better the Devil that You Know: Evidence on Entry Costs Faced by Foreign Banks, Inter-American Development Bank January 2003zh_TW
dc.relation.reference (參考文獻) D. Focarelli, and A. Pozzolo, 2005, Where Do Banks Expand Abroad? An Empirical Analysis, Journal of Business, 2005, vol. 78, no. 6zh_TW
dc.relation.reference (參考文獻) G. Clarke, R. Cull, and M. Martinez Peria, 2002, Does Foreign Bank Penetration Reduce Access to Credit In Developing Countries? Evidence from Asking Borrowers, World Bank Policy Research Working Paper No. 2716zh_TW
dc.relation.reference (參考文獻) H. Montgomery, 2003, the Role of Foreign Banks in Post-Crisis Asia: The Importance of Method of Entry, ADB Institute Research Paper Series No. 51zh_TW
dc.relation.reference (參考文獻) J. Agung, 1998, Financial Deregulation and the Bank Lending Channel in Developing Countries: The Case of Indonesia, Asian Financial Journal 1998, Vol .12 No. 3zh_TW
dc.relation.reference (參考文獻) J. Crystal, B. Dages, and L. Goldberg, Has Foreign Bank Entry Led to Sounder Banks in Latin America, Current Issues in Economics and Finance, Vol.8, No.1, Jan 2002zh_TW
dc.relation.reference (參考文獻) J. Hawkins and D. Mihaljek, 1997, The banking industry in the emerging market economies: competition, consolidation and systemic stability - an overview, BIS Papers No 4zh_TW
dc.relation.reference (參考文獻) Kim E. and Lee B., 2004, the Effects of Foreign Bank Entry on the Performance of Private Domestic Banks in Korea, BIS paper, March 2004zh_TW
dc.relation.reference (參考文獻) L. Goldberg, 2004, Financial-Sector Foreign Direct Investment and Host Countries: New and Old Lessons, Federal Reserve Bank of New York Staff Reportszh_TW
dc.relation.reference (參考文獻) L. Goldberg, B. Gerard Dages, and D. Kinney, 2000, Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina, National Bureau of Economic Research Working Paper No.7714zh_TW
dc.relation.reference (參考文獻) S. Claessens,Demirgüç-Kunt, and H. Huizingal, 1998, How does foreign entry affect the domestic banking market?, Journal of Banking and Finance Vol. 25, no. 5, pp. 891-911. May 2001zh_TW
dc.relation.reference (參考文獻) T. Beck, A. Demirgüç-Kunt and R. Levin, 2004, Bank Concentration and Fragility: Impact and Mechanics, National Bureau of Economic Research Working Paper No.11500zh_TW
dc.relation.reference (參考文獻) T. Beck, A. Demirgüç-Kunt and R. Levine, 2004, Bank Concentration, Competition, and Crises: First results, Journal of Banking and Finance, May 2006zh_TW