| Summary: | 碩士 === 銘傳管理學院 === 金融研究所 === 85 === The Study of Market Structure, Performance and Entry Barriers
in Taiwan''''s Banking Industry : The Period of 1986 ~ 1994
Advisor: Sheng-Yuan Chen Ph. D. Student: Ming-Yi Chi
Anthony H. Tu Ph. D.
Abstract
The paper is to examine the relationship between market
structure and performance and the effect of entry barriers in
Taiwan''''s banking industry. To measure the relationship between
market structure and performance by the level of concentration
and market share, and test the change of banking industry
structure by Chow test. At the same time, it is to examine
whether the entry barriers will affect the operation and market
structure of banking industry or not.
The econometric method employed in the study is pooling of
cross-section and time-series for the period 1986-1994. To use
the package of Econometric Views that supports the method of
variance components model to rid the bias of heteroscedasticity
and autocorrelation. That will achieve the unbiased and
consistent results.
The empirical result generally supports the "quiet life"
hypothesis before new banks enter the market and supports the
traditional structure-conduct-performance (SCP) paradigm after
new banks enter the market. At the same time, the results
verify the minimum total capital and the concentration will
cause entry barriers then the amount of branch will be not
obvious. Both of the ratios of loans to deposits and the
capital-to-assets keep negative relationship to return on
assets.
Key words: Banking; Market structure; Operational performance; Entry Barriers
Key
words: Banking; Market structure; Operational performance; Entry barriers
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