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題名 Does corporate governance play an important role in BHC performance? Evidence from the U.S.
作者 Wang, Wei-Kang;Lu, Wen-Min;Lin, Yi-Ling
林怡伶
貢獻者 會計系
關鍵詞 Bank holding companies;CAMEL;Data envelopment analysis;Corporate governance;Truncated-regression
日期 2012-05
上傳時間 24-Aug-2015 15:00:51 (UTC+8)
摘要 This study explores the relationship between the operating performance and corporate governance of bank holding companies (BHCs) in the U.S. The modified data envelopment analysis (DEA) is utilized to integrate the five rating indicators of CAMEL (Capital Adequacy, Asset Quality, Management, Earnings, and Liquidity) so as to estimate the BHCs` performance. This study also employs the modified tiered DEA to categorize 68 BHCs into three Tiers. Additionally, the truncated-regression is employed to discuss whether or not the corporate governance would affect the performance of BHCs. The empirical results present the trade-off relationship with CAMEL indicators in the Tier1—Efficient BHCs. Moreover, it has been found that there are negative impacts on BHC`s performance from board size, outside directors, the average age of directors and CEO/Chairman duality, while there are positive impacts from the number of committee and Big-4 auditors. The results further prove that corporate governance is important for the operating performance of BHCs.
關聯 Economic Modelling, 29(3), 751-760
資料類型 article
DOI http://dx.doi.org/10.1016/j.econmod.2012.01.021
dc.contributor 會計系
dc.creator (作者) Wang, Wei-Kang;Lu, Wen-Min;Lin, Yi-Ling
dc.creator (作者) 林怡伶zh_TW
dc.date (日期) 2012-05
dc.date.accessioned 24-Aug-2015 15:00:51 (UTC+8)-
dc.date.available 24-Aug-2015 15:00:51 (UTC+8)-
dc.date.issued (上傳時間) 24-Aug-2015 15:00:51 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/77961-
dc.description.abstract (摘要) This study explores the relationship between the operating performance and corporate governance of bank holding companies (BHCs) in the U.S. The modified data envelopment analysis (DEA) is utilized to integrate the five rating indicators of CAMEL (Capital Adequacy, Asset Quality, Management, Earnings, and Liquidity) so as to estimate the BHCs` performance. This study also employs the modified tiered DEA to categorize 68 BHCs into three Tiers. Additionally, the truncated-regression is employed to discuss whether or not the corporate governance would affect the performance of BHCs. The empirical results present the trade-off relationship with CAMEL indicators in the Tier1—Efficient BHCs. Moreover, it has been found that there are negative impacts on BHC`s performance from board size, outside directors, the average age of directors and CEO/Chairman duality, while there are positive impacts from the number of committee and Big-4 auditors. The results further prove that corporate governance is important for the operating performance of BHCs.
dc.format.extent 521565 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Economic Modelling, 29(3), 751-760
dc.subject (關鍵詞) Bank holding companies;CAMEL;Data envelopment analysis;Corporate governance;Truncated-regression
dc.title (題名) Does corporate governance play an important role in BHC performance? Evidence from the U.S.
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.econmod.2012.01.021
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.econmod.2012.01.021