| Summary: | 碩士 === 國立成功大學 === 財務金融研究所在職專班 === 101 === In a long time, Taiwan's financial sector has been in a highly regulated state. Starting from 1989, the government officially allows the establishment of private banks. Following with the Financial Holding Company Act of 2000, many financial institutions were mustering their efforts to break new ground in this time, and some financial consortiums also took the opportunity waiting for the right price. Therefore, numbers of successful and unsuccessful mergers and acquisitions of financial institutions occurred during this period. This study focuses on analyzing the unsuccessful or incomplete cases of mergers and acquisitions of Taiwan financial institutions by examing the impact of samples’ ownership structure changes on their performances from 2001 to 2011. The research samples include three targets, Taiwan Business Bank, Chang Hwa Bank, and China Development Financial Holding, and two acquirers, Taishin Holding and Chinatrust Financial Holding. Different from prior findings, my analyses show that the samples’ performances do not change significantly after their ownership structure changes.
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