| Summary: | 碩士 === 國立交通大學 === 管理學院管理科學學程 === 101 === In the economic development process, financial systems and economic systems develop at the same time.Financial institutions play indispensable roles in the economic growth process. Pagano (1993) and Levine (1997) summed up financial systems to promote economic growth in the following manners:(1) reduce the liquidity risk;(2) informations to obtain economies of scale can improve the efficiency of resource allocation;(3) through the design of the loan contract can reduce monitoring costs;(4) effectively absorb savings, favorable capital accumulation and technological innovation;(5) reduce transaction costs, accelerate the speed of specialization;(6) through the portfolio diversify risk.Besides, Mckinnon (1973)、Shaw (1973)、Greenwood and Jovanovic (1990)、Rajan and Zingales (1998)、Levine and Ross (2006) pointed out that the degree of financial development and economic growth are positively correlated.One of the most important elements of financial development is the development of banking industries.
After 30 years of reform and opening up,China gradually establish a new financial system. In today's rapid development of economic and financial globalization,financial markets in China occupies an important position in the international financial markets.Due to global financial crisis in 2008,international financial situations changes.Since Asia firstly recovered from the global financial crisis,it shows the rise of emerging economies and the eastward shift of global financial and economic power,especially the Cross-Strait Business Ties gets the most attention.After MOU agreement in 2009 and ECFA in 2010 between Taiwan and China,the financial cooperation between each other becomes open and frequency.It shows that the competitive situation of banking industries between Taiwan and China will be tougher.Therefore, to clear understanding of their competitive advantages and positioning to maintain their operations of banking industries between Taiwan and China will be important.
The samples of this study are extracted from Bankscope database during 2005 to 2012 and the total data are 16 commercial banks from Taiwan and China,citing Standard Chartered Bank,Bank of China and Bank of Taiwan three commercial banks with the relevant background and development for the study.While the financial crisis seems to come to an end,it remains questionable if more banks would fail in the near future.The thesis try to analyze how to maintain competitive advantages among banks to avoid defeat through twelve financial variables based on CAMEL,then use these variables to examine by descriptive statistics analysis, principal component analysis to derive functions indentifing the differences between banks.The level of importance of financial ratios to the prediction of bank performance is indentified.The principal component analysis functions exhibit satisfactory predictive power.
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