Integrated analysis of financial performance, board compensation, and value-at-risk of Taiwan''s banking industry:DEA method with fuzzy processing

• Main Authors: Yu-Ting Weng, 翁于婷
• Other Authors: 彭開瓊
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/29283745889670975278

碩士 === 清雲科技大學 === 國際企業管理研究所 === 100 === According to Taiwan Economic Journal（TEJ） Database,This research aims at investigating overall performances of 24 listed bank companies in TWSE. It explores financial performance, board compensation, and value-at-risk, respectively. And, we analyze relationship between them. First, data envelopment analysis （DEA） is adopted to evaluate the financial efficiency of each bank company with three inputs and five outputs. To avoid data missing or negative, we dealwith fuzzy processing.Second,this research uses three ways including variance-covariance metrics, historical simulation and Monte Carlo simulation to estimate value-at-risks of stock prices. Third, the paper explores the composition of the board compensation by the financial statements. Finally, we build the integration cube. The three-dimensional space is by financial performance, board compensation, and value-at-risk. Then, it show that the company with better financial performance, less risk, and less board compensation is worth investing.