An Empirical Study of the Relationship between Ownership Structure and Bank Performance with Risk as a Mediator
碩士 === 國立交通大學 === 經營管理研究所 === 101 === The empirical analysis of relationship between ownership structure and performance is plenty in the existing literature, but little literature explores the mediating effect in between them. Using the bank data obtained from Taiwan Economic Journal (TEJ), this s...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/22684688780162231090 |
| Summary: | 碩士 === 國立交通大學 === 經營管理研究所 === 101 === The empirical analysis of relationship between ownership structure and performance is plenty in the existing literature, but little literature explores the mediating effect in between them. Using the bank data obtained from Taiwan Economic Journal (TEJ), this study analyzes the mediating effect of risk between ownership structure and performance. The panel data regression models and Sobel’s test are applied. Our major empirical findings are as follows: (1) Board ownership has positive direct effects on bank performance. (2) Institutional investor ownership has positive direct effects on bank performance. (3) Expense to revenue ratio significantly mediates between board ownership and bank performance. (4) Expense to revenue ratio significantly mediates between institutional investor ownership and bank performance. (5) Debt ratio significantly mediates between management ownership and bank performance. Therefore, risk management affects the bank performance via mediation.
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