| dc.contributor.advisor | 張元晨 | zh_TW |
| dc.contributor.author (Authors) | 賴冠宇 | zh_TW |
| dc.contributor.author (Authors) | Lai,Kuan Yu | en_US |
| dc.creator (作者) | 賴冠宇 | zh_TW |
| dc.creator (作者) | Lai,Kuan Yu | en_US |
| dc.date (日期) | 2006 | en_US |
| dc.date.accessioned | 14-Sep-2009 09:06:45 (UTC+8) | - |
| dc.date.available | 14-Sep-2009 09:06:45 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Sep-2009 09:06:45 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0943570321 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/31038 | - |
| 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) | 94357032 | zh_TW |
| dc.description (描述) | 95 | zh_TW |
| dc.description.abstract (摘要) | 本文針對銀行業的業務分散程度與績效的關係，做實證上的研究。以一九九五年至二零零四年之間全球金融機構為研究對象，實證結果發現，業務較集中的金融機構會比業務較分散者的績效來得好，而且隨著分散的程度提高，績效變差的情況會更為明顯。除此之外，當銀行的本業是非利息收入時，提高業務分散程度所造成的績效降低會比本業為放款的銀行更為明顯。實證結果同時也指出，政府機關與民間的監督機制都能夠有助於減輕此種業務分散帶來的績效下降。 | zh_TW |
| dc.description.abstract (摘要) | This study examines the relationship between diversification of financial activities and performance in banking industry. Using cross-country data of financial institutions from 1995 to 2004, the empirical results suggest that focused banks outperform diversified banks. Moreover, I find that diversification discount declines as banks go diversified. Results show that banks which focus previously on noninterest income would suffer heavier diversification discount than loan-specialized banks while extending their activity into the other area. Results also suggest that the supervisory power from regulatory authorities and the policy of private-sector monitoring can help alleviate diversification discount that banks would experience when they go diversified. | en_US |
| dc.description.tableofcontents | List of Tables………………………………………………….………...…...... ii Abstract………………………………………………………………………… iii Chapter I. Introduction………………………………………….…………. 1 Chapter II. Literature Review 1. Earlier evidences for diversification effects………………. 4 2. Exogenous factors to diversification discount..….……….. 4 3. Endogenous factors to diversification discount..….……... 5 4. The role of noninterest income……………………………... 5 5. Diversification does not cause diversification discount…. 6 6. Diversification effects around the world………………….. 7 Chapter III. Data and Methodology 1. Data………………………………………………………….... 9 2. Measures of diversification (Independent variables)……. 10 3. Measure of performance (Dependent variables)…………. 11 Chapter IV. Empirical Results 1. Diversification and performance 1.1 Pooled regression………………………………….….…… 13 1.2 To cut apart...…………………………………………........ 14 2. Governance mechanism and diversification discount...… 16 3. Robustness tests…………………………………………….. 17 Chapter V. Conclusion……………………………………………………… 19 References…...………………………………………………………………… 21 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0943570321 | en_US |
| dc.subject (關鍵詞) | 銀行 | zh_TW |
| dc.subject (關鍵詞) | 業務分散 | zh_TW |
| dc.subject (關鍵詞) | 風險分散 | zh_TW |
| dc.subject (關鍵詞) | bank | en_US |
| dc.subject (關鍵詞) | performance | en_US |
| dc.subject (關鍵詞) | diversification | en_US |
| dc.title (題名) | 業務分散程度對銀行績效的影響-以全球銀行為例 | zh_TW |
| dc.title (題名) | Does Diversification Cause Diversification Discount – Banking Industry Around the World | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | Acharya, V., Hasan, I. and Saunders, A., 2006, “Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios,” Journal of Business 79, pp. 1355-1412. | zh_TW |
| dc.relation.reference (參考文獻) | Barth, J. R., Caprio, G. Jr. and Levine, R., 2004, “Bank Regulation and Supervision: What Works Best?” Journal of Financial Intermediation 13, pp. 205-248. | zh_TW |
| dc.relation.reference (參考文獻) | Berger, A. N. and DeYoung, R., 2001, “The Effects of Geographic Expansion on Bank | zh_TW |
| dc.relation.reference (參考文獻) | Efficiency,” Journal of Financial Services Research 19, pp. 163-184. | zh_TW |
| dc.relation.reference (參考文獻) | Chakrabarti, A., Singh, K. and Mahmood, I., 2007, “Diversification and Performance: Evidence from East Asian Firms,” Strategic Management Journal 28, pp. 101-120. | zh_TW |
| dc.relation.reference (參考文獻) | Choi, S., Hasan, I. and Kotrozo, J., 2006, “Diversification, Bank Risk and. Performance: A Cross-Country Comparison,” Rensselaer Polytechnic Institute Working Paper. | zh_TW |
| dc.relation.reference (參考文獻) | Claessens, S., Djankov, S., Fan, J. P. H. and Land, L.H.P., 1999, “Corporate Diversification in East Asia: The Role of Ultimate Ownership and Group Affiliation,” World Bank Working Paper, 2089; Washington, DC: World Bank. | zh_TW |
| dc.relation.reference (參考文獻) | Deng, S., Elyasiani, E. and Mao, C. X., 2005, “Diversification and the Cost of Debt of Bank Holding Companies,” Working Paper. | zh_TW |
| dc.relation.reference (參考文獻) | Deyoung, R. and Rice, T., 2004, “Noninterest Income and Financial Performance at U.S. Commercial Banks,” The Financial Review 39, pp. 101-127. | zh_TW |
| dc.relation.reference (參考文獻) | Elsas, R., Hackethal, A. and Holzhäuser, M., 2006, “The Anatomy of Bank Diversification,” University of Munich Working Paper. | zh_TW |
| dc.relation.reference (參考文獻) | Laeven, L. and Levine, R., 2005, ”Is there a Diversification Discount in Financial Conglomerates?“ NBER Working Paper 11499. | zh_TW |
| dc.relation.reference (參考文獻) | Lang, L. H. P. and Stulz, R. M., 1994, “Tobin`s q, Corporate Diversification, and Firm Performance,” The Journal of Political Economy 102, pp. 1248-1280. | zh_TW |
| dc.relation.reference (參考文獻) | LeBaron, D., Speidell, L., 1987, “Why are the Parts Worth More than the Sum? ‘Chop Shop,’ A Corporate Valuation Model,” In: Browne, L. and Rosengren, E., The Merger Boom, Conference Series no. 31. Boston: Federal Reserve Bank. | zh_TW |
| dc.relation.reference (參考文獻) | Lins, K. and Servaes, H., 1999, “International Evidence on the Value of Corporate Diversification,” The Journal of Finance 54, pp. 2215-2239. | zh_TW |
| dc.relation.reference (參考文獻) | Martin, J. D. and Sayrak, A., 2003, “Corporate Diversification and Shareholder Value: A Survey of Recent Literature,” Journal of Corporate Finance 9, pp. 37–57. | zh_TW |
| dc.relation.reference (參考文獻) | Montgomery, C.A., 1994, “Corporate Diversification,” Journal of Economic Perspectives 8, pp. 163– 178. | zh_TW |
| dc.relation.reference (參考文獻) | Morgan, D. P. and Samolyk, K., 2003 “Geographic Diversification in Banking and Its Implication for Bank Portfolio Choice and Performance,” Working Paper, Federal Reserve Bank of New York, February 20 2003. | zh_TW |
| dc.relation.reference (參考文獻) | Rajan, R., Servaes, H. and Zingales, L., 2000 “The Cost of Diversity: The Diversification Discount and Inefficient Investment,” The Journal of Finance 55, pp. 35-80. | zh_TW |
| dc.relation.reference (參考文獻) | Rose, P. S., 1989, ”Diversification of the Banking Firm,” The Financial Review 24, pp. 251-280. | zh_TW |
| dc.relation.reference (參考文獻) | Santomero, A. W. and Chung, E. J., 1992. “Evidence in Support of Broader Banking Powers,” Financial Markets, Institutions, and Instruments 1, pp. 1-69. | zh_TW |
| dc.relation.reference (參考文獻) | Saunders, A. and Walter, I., 1994, “Universal Banking in the United States: What Could We Gain? What Could We Lose?” New York: Oxford University Press. | zh_TW |
| dc.relation.reference (參考文獻) | Severiens, J. T. and Templeton, W. K., 1992, ”The Effect of Nonbank Diversification on Bank Holding Company Risk,” Quarterly Journal of Business and Economics 31, pp. 3-16. | zh_TW |
| dc.relation.reference (參考文獻) | Staikouras, C. and Wood, G., 2003, “Noninterest Income and Total Income Stability,” Bank of England, Working Paper, 198. | zh_TW |
| dc.relation.reference (參考文獻) | Stiroh, K. J., 2004, “Do Community Banks Benefit from Diversification?” Journal of Financial Services Research 25, pp. 135-160. | zh_TW |
| dc.relation.reference (參考文獻) | Stiroh, K. J. and Rumble, A., 2005, “The Dark Side of Diversification: The Case of US Financial Holding Companies,” Journal of Banking and Finance 30, pp. 2131-2161. | zh_TW |
| dc.relation.reference (參考文獻) | Villalonga, B., 2004, “Diversification Discount or Premium? New Evidence from BITS | zh_TW |
| dc.relation.reference (參考文獻) | Establishment-Level Data,” Journal of Finance 59, pp. 479-506. | zh_TW |
