| dc.contributor | 會計系 | - |
| dc.creator (作者) | Hsiao, H.-C.;Lin, Meihwa | - |
| dc.creator (作者) | 林美花 | - |
| dc.date (日期) | 2013 | - |
| dc.date.accessioned | 28-Apr-2015 16:59:53 (UTC+8) | - |
| dc.date.available | 28-Apr-2015 16:59:53 (UTC+8) | - |
| dc.date.issued (上傳時間) | 28-Apr-2015 16:59:53 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/74893 | - |
| dc.description.abstract (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. | - |
| dc.format.extent | 213828 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Review of Accounting and Finance, 12(4), 327 - 350 | - |
| dc.title (題名) | Taiwan second financial restructuring and commercial bank productivity growth: M&As impact | - |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1108/RAF-05-2012-0043 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1108/RAF-05-2012-0043 | - |
