A Research of the Relationship among Capital Adequacy, Non-Performing Loan and Market Value Added-An Empirical Study of Banks
碩士 === 大葉大學 === 會計資訊學系碩士班 === 94 === Since financial deregulation and liberalization in 1990, the opening of private banks has made keen competition among financial institutions for a decade. In particular, under the impact of East Asia Financial Crisis, a great deal of non-performing loan led to ri...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/73137739167974600700 |
| Summary: | 碩士 === 大葉大學 === 會計資訊學系碩士班 === 94 === Since financial deregulation and liberalization in 1990, the opening of private banks has made keen competition among financial institutions for a decade. In particular, under the impact of East Asia Financial Crisis, a great deal of non-performing loan led to rising past-due loan and aggravation of bank asset quality in our financial institutions. Therefore, from 2002, the government carried out two-time financial supervision to lower the non-performing loans rate under 5 percent and to raise the capital adequacy rate above 8 percent which is the international standard. The later Financial Institutions Merger is to strengthen the banking constitution.
This study adopts the samplings of 32 listed banks in Taiwan during the period 2000 to 2004. SEM (Structural Equation Modeling) is conducted to investigate the relationship among capital adequacy, non-performing loan and market value added. The empirical results are as follows:
(1)Capital adequacy enhances capital structure and lessens the impact of non-performing loan.
(2)Raising capital adequacy has positive effect upon market value added
(3)Non-performing loan has negative impact on market value added.
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