The performance and synergy of financial corporations merger in Taiwan

• Main Author: 黃明琦
• Other Authors: 楊澤泉
• Format: Others
• Language: zh-TW
• Published: 2000
• Online Access: http://ndltd.ncl.edu.tw/handle/12497526330119696976

碩士 === 國立成功大學 === 企業管理學系 === 88 === .In recent years, Taiwan has faced the impact from different respects domestically and internationally. In order to increase competition, merger and acquisition happens more often among the industry, especially among financial institutes. This work also studies the effect and influence of the merger and acquisition among banks and stock brokerages from the view of finance. The objects of the study are the banks and stock brokerages which have been engaging merger and acquisition. The time frame of the study is between 1991 and 1998. In measuring variables contributing to the performance and synergy of merger and acquisition, factor analysis is applied first to select the factor dimension, and then analyze on performance and synergy. The study shows that banks will attract consumers'''' deposits after merger and acquisition ,but no effect on synergy. There is no change on performance and synergy for non-publicly traded companies. After merger and acquisition, the solvency of publicly traded companies will decrease and the operating synergy will increase but happens only during the first one trough the third and the sixth. The merge synergy varies depending on whether the company is traded publicly or privately as well as types of business.