Cost Efficiency Evaluations of Specialized Securities Brokers in Taiwan

• Main Authors: An-lung Chien, 簡安隆
• Other Authors: Tsu-tan Fu
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/60563602160390234785

碩士 === 東吳大學 === 經濟學系 === 100 === For the financial market in Taiwan, it is becoming a key issue for each broker to recognize its efficiency of operation and have a robust constitution in order to survive in an increasingly competitive environment. The object of this research is to evaluate the performance of Taiwanese and foreign invested banks from 2005 to 2010. The method used in this research are Cost Data Envelopment Analysis. By using fixed assets and number of employees as the input variables and brokerage income as the output variable, we can evaluate the efficiency of operation in Taiwan brokers ether change or not after the financial crisis. The results are showed as below: 1. The average of allocation and cost efficiency of Taiwan invested brokers increase. It indicates that not much extreme values change the order of efficiency values. 2. The average of allocation and cost efficiency of foreign invested brokers decrease. It indicates that extreme values change the order of efficiency values. 3. The technical and cost efficiency in Taiwan invested brokers are better than in foreign invested brokers, but the allocation efficiency are on the contrary