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題名 Does Financial Restructuring Change the Relationship between Corporate Governance and the Static and Dynamic Efficiency of Bank Mergers in Taiwan?
作者 李桐豪
Lee, Tung-Hao;Chih, Shu-Hwa
貢獻者 金融系
關鍵詞 bank merger;corporate governance;data envelopment analysis;financial restructuring;static and dynamic efficiency
日期 2014-03
上傳時間 15-Dec-2014 18:04:58 (UTC+8)
摘要 Taiwan`s Financial Restructuring Fund Statute was enacted in 2001. This study is unique in simultaneously considering Taiwan`s corporate governance, bank mergers, and the financial restructuring scheme. Unlike other literature that investigates only the characteristics of corporate governance that affect the concurrent static efficiency of bank mergers, we further use the dynamic slacks-based measure to examine the persistent and intertemporal effects on the dynamic efficiency of bank mergers. The results of this study show that major shareholders of acquiring banks have greater controlling power to decide whether to merge during the financial restructuring period. A bank merger using the financial restructuring scheme has less static and dynamic efficiency in the short run but gradually increased static and dynamic efficiency in the long run. Such an observation is consistent with the hypothesis that controlling shareholders pursue long-term efficiency in a bank merger.
關聯 Emerging Markets Finance and Trade, 50, 189-201
資料類型 article
DOI http://dx.doi.org/10.2753/REE1540-496X5002S213
dc.contributor 金融系en_US
dc.creator (作者) 李桐豪zh_TW
dc.creator (作者) Lee, Tung-Hao;Chih, Shu-Hwaen_US
dc.date (日期) 2014-03en_US
dc.date.accessioned 15-Dec-2014 18:04:58 (UTC+8)-
dc.date.available 15-Dec-2014 18:04:58 (UTC+8)-
dc.date.issued (上傳時間) 15-Dec-2014 18:04:58 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/72071-
dc.description.abstract (摘要) Taiwan`s Financial Restructuring Fund Statute was enacted in 2001. This study is unique in simultaneously considering Taiwan`s corporate governance, bank mergers, and the financial restructuring scheme. Unlike other literature that investigates only the characteristics of corporate governance that affect the concurrent static efficiency of bank mergers, we further use the dynamic slacks-based measure to examine the persistent and intertemporal effects on the dynamic efficiency of bank mergers. The results of this study show that major shareholders of acquiring banks have greater controlling power to decide whether to merge during the financial restructuring period. A bank merger using the financial restructuring scheme has less static and dynamic efficiency in the short run but gradually increased static and dynamic efficiency in the long run. Such an observation is consistent with the hypothesis that controlling shareholders pursue long-term efficiency in a bank merger.en_US
dc.format.extent 506324 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Emerging Markets Finance and Trade, 50, 189-201en_US
dc.subject (關鍵詞) bank merger;corporate governance;data envelopment analysis;financial restructuring;static and dynamic efficiencyen_US
dc.title (題名) Does Financial Restructuring Change the Relationship between Corporate Governance and the Static and Dynamic Efficiency of Bank Mergers in Taiwan?en_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.2753/REE1540-496X5002S213en_US
dc.doi.uri (DOI) http://dx.doi.org/10.2753/REE1540-496X5002S213en_US