| Summary: | 碩士 === 明新科技大學 === 管理研究所碩士在職專班 === 103 === In the trend of globalization, liberalization and digital network, internationalization
is inevitable for financial institutions. Recently, Financial Supervisory commission
(FSC) has encouraged domestic financial institutions to go abroad for “financial Asia
Cup”. In accordance with Taiwaness companies investing in Asia and the four
Financial Acts passed in January, 2015, the financial industry is expected more merge
and acquisitions in overseas markets and pursuing the blue ocean strategy in order to
increase the operating performance.
The sample of the study includes 31 domestic banks (excluding professional and
foreign banks) in the period from 2013 to 2014. Using the Data Envelopment Analysis
(DEA) examines the efficiency of banks with three the input variables, such as interest
expense, deposit and operation expense, and three output variables, such as there are
interest revenue, service fee revenue, loan and discount. Tobit regression is used to
explore the factors that influence the efficiency of banks.
The empirical results show that the efficient of financial holding companies
undertaking overseas mergers and Acquisitions is higher.
All of the big banks, measured as higher than 5% of asset shares (the ratio of bank
asset over the sum of assets in the sample banks), are one member of the financial
holding groups. The effect of big banks on going aboard for financial Asia Cup is
significant due to the size of the banks is big enough. The variable of overseas
acquisition cannot explain the operating efficiencies of financial institution. The reason
could be it has been a short time after Executive Yuan passing the Acts for bank to have
the synergy of merges and acquisitions.
Keywords: Financial Asia Cup, Four Financial Acts, DEA, Tobit Regression
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