Managerial Ownership and Risk for Holding Banks

碩士 === 國立中山大學 === 企業管理學系研究所 === 94 === Research on holding bank’s risk-taking behavior have focused on the effect on the performace. Using data in Taiwan, this paper investigates the relationship between managerial ownership, franchise value and domestic bank’s risk-taking behavior.  This paper incl...

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Bibliographic Details
Main Authors: Kuang-tsai Wang, 王光彩
Other Authors: Hsien-tang Tsai
Format: Others
Language:zh-TW
Published: 2005
Online Access:http://ndltd.ncl.edu.tw/handle/20141607376027748943
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Summary:碩士 === 國立中山大學 === 企業管理學系研究所 === 94 === Research on holding bank’s risk-taking behavior have focused on the effect on the performace. Using data in Taiwan, this paper investigates the relationship between managerial ownership, franchise value and domestic bank’s risk-taking behavior.  This paper includes independent variances of total return risk, systematic risk and idoiosyncratic risk derived from the capital market, and includes dependent variances of managerial ownership, franchise value, financial leveal, operating leveal and total assets.  This research indicates that:  1.manager ownership is negatively related to both total return risk, systematic risk and idoiosyncratic risk.  2.franchise value is negatively related to both total return risk and idoiosyncratic risk, and unlated to systematic risk.  3.financial leveal is unrelated to both total return risk ,systematic risk and idoiosyncratic risk.  4.operating leveal is positively related to both total return risk and idoiosyncratic risk, and unlated to systematic risk.  5.total assets is unrelated to both total return risk, systematic risk and idoiosyncratic risk.