The Study on the Evaluation of Synergy for the Financial Holding Companies

• Main Author: 楊裴雯
• Other Authors: 李樑堅
• Format: Others
• Language: zh-TW
• Published: 2003
• Online Access: http://ndltd.ncl.edu.tw/handle/91428075276832365512

碩士 === 義守大學 === 管理科學研究所 === 91 === Since 1991, the government passed the law of establishing private banks. It had derivated many financial problems. In addition, after joining the WTO, the financial institutions in Taiwan had to face the challenges from other countries’. Both domestic and foreign pressure had pushed the government to make the “Financial holding company” Law. But do this work and can solve these problems? A study was taken to examine financial holding companies synergy in different facets. Following items were the purposes of this study: 1. To construct a index of measuring synergy of Financial holding companies. 2. To examine the before and after sub-company synergy of Financial holding company. 3. To examine different numbers of sub-company will affect the Financial holding company synergy or not. 4. To examine different kind of executive company will affect the Financial holding company synergy or not. 5. To examine different assets scale of Financial holding company will affect the synergy or not. Data were obtained from 13 Taiwan listed financial holding companies that established from 2001 to the end of 2002. For the empirical test, quartered financial data were gathered. After using specialist questionnaire and descriptive statistics, 4 financial variables were selected. They were (1)Market synergy-market share ratio(2)Operational synergy-operation cost ratio and return after tax growth ratio(3)financial synergy-return on equity ratio. Wilcoxon signed rank test and One-way ANOVA were used to meet the purposes of this study as well. The results of this empirical study were: 1. After financial holding companies were established, there were just only 3 had synergy emerged. 2. The more sub-company a financial holding company owned, the better its synergy was. 3. Different executive company affected the synergy significantly. 4. The bigger asset scale a financial holding company owned, the better its synergy was.