| Summary: | 碩士 === 東海大學 === 工業工程與經營資訊學系 === 93 === Financial Holding Company (FHC) has grown into the dominant management mode among the financial institutions of developed countries. In facing the decline in the quality of the financial institutions, and the competition with foreign financial industries after our initiation into WTO, Taiwan founded Financial Holding Company in year 2001. Distinct from the former financial industry, which can only operate on the basis of individual businesses, the new FHC introduces trans-business as the new mode of operation. The focus of the operation is different from the past. How to promote the management performance and to orientate the efficiency of the application of resources after the establishment become the key points to the FHC.
This research examines 14 Financial Holding Companies in Taiwan. Taking capitalized cost and the integration of resources into the Economic Valued Added consideration as the index of the performance, and regarding the efficiency in using the resources – turnover ratio – as the factor that influences EVA. In addition to a statistic inspection by applying non-parametric Mann-Whitney U test to probe into the management performance before and after, and an application of Regression analysis. Anticipating the result can seek out the factor that affects EVA.
As the result of the experimentation indicates, after the establishment of FHC in Taiwan, there is an extensive advancement in terms of management performance. The result indicates that the foundation of FHC helps in improving the constitution of financial institutions. To single business banking industry, there is no conspicuous change after its join of FHC. On the other side, there is a remarkable EVA advancement in security company after joining FHC, and an obvious EVA decrease in the insurance company. The result reveals that each realms of financial industry has different management performance in combination with FHC.
The outcome shows the difference resulting from the domination by the operation of FHC, the management performance of banking industry, security company, and insurance company is influenced by the variation of rate of interest. In a low interest management performance, the EVA in insurance decreases, the EVA in security company increases, and the EVA in banking industry is not affected by the variation of interests. To FHC, an equal distribution of the long-term investment and a diverse rather than single business management can decrease the risk of operation brought by the changing of interests.
|
|---|
