THE EFFICIENCY ANALYSIS OF TAIWAN FINANCIAL INDUSTRY BEFORE AND AFTER THE ESTABLISHMENT OF THE FINANCIAL HOLDING COMPANIES

• Main Authors: LIAO, YA-TING, 廖雅亭
• Other Authors: HUANG, MEI-YING
• Format: Others
• Language: zh-TW
• Published: 2003
• Online Access: http://ndltd.ncl.edu.tw/handle/11105446886584493395

碩士 === 國立臺北大學 === 經濟學系 === 91 === The paper discusses the efficiency of bank, security, insurance, and financial holding companies before and after financial holding companies established in Taiwan. This text first stage, we investigate the technical efficiency of bank, security and insurance companies in 1999-2002, and of financial holding companies in 2002 with Data Envelopment Analysis (DEA). And then analyze the productivity and efficiency change of bank, security and insurance companies between 2001 and 2002 with Malmquist Productivity Index (MPI) approach. The second stage we make use of Tobit regression model to explore the factors impact the efficiency performance of bank, security, insurance, and financial holding companies in 2002. The efficiency results in first stage shows the pure technical inefficiency are serious than the scale inefficiency of all industries, and each industry presents the growth productivity situation for whole industry average except bank industry. Besides, the various efficiency and productivity performance of the subsidiaries of financial holding companies are not well obviously than non-subsidiary companies, and the financial holding companies seemly not yet develop their integrated synergy. The second stage results indicate total assets scale, listed(OTC) bank and bank type are positive signally impact factors of the efficiency of the banking. To full-service securities’ efficiency, the commission business market share is a positive signally factor, and the business concentration is a negative signally factor. The commission business market share and total assets scale are positive signally affect the efficiency of stock brokers. To life-insurance, the business concentration and foreign companies express positive obviously influence in efficiency. To non-life insurance, total assets scale and foreign companies also express positive obviously influence in efficiency. To financial holding companies, only business market share affect positively and signally efficiency.