The Analytical Research of Releasing Shares of Public Bank in Process of Privatization —A Case Study of T Bank

• Main Authors: Mei - rong, 歐美蓉
• Other Authors: Chun-Hao Cheng
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/20879661333785819589

碩士 === 義守大學 === 管理研究所碩士班 === 93 === The privatization processof public bank is to enhance public banks’ flexibility and domination and to adjust them to return market mechanism. In order to pursue effectiveness and the profits, public banks must go through the process of going privatization. Privatization is a current trend. Even though our government can increase finical income or lighten finical burden by stock floatation schedule, this is not main to go privatization for public bank. This serves as incidental benefit. For years, our government had planed massive stock floatation (release), but it failed due to considerable preparation measures. This conclusion resulted in income shortage and finical damage. My thesis renders the following conclusion: 1. T Bank is in debt for more than trillion that is the main reason to defer privatization as of now. 2. While promoting public banks to go privatization, government should retain a huge public bank not go privatization in case of dealing with government policies. 3. T Bank presently is a shareholder of Hua Nan financial holdings, China Development financial holdings, Taiwan Business Bank, Taiwan Life Insurance and Taiwan Fire & Marine Insurance Company. The ownership of T Bank out of investing holding companies amounts to more than 20%, except China Development financial holdings. These percentages play a critical role in financial influence. 4. The reason caused by every official department and some undealt problems are the major reasons why T Bank couldn not implement its stock floatation (release) schedule. 5. If the transfer is limited to sale of shares and assets and the conditions are restricted by employees’ holdings, releasing (floating) shares out of T Bank will be deferred. 6. The deficiency of disclosure system, the bad structure of stockholders, unmatched pricing and unstable measures are all barriers to defer floatation or release of T Bank’s shares. 7. Go privatization process triggers correlation of many departments in their decision-making policies. Any conflicts among the departments and rigid administrative operations often deter privatization plan from implementation.