| Summary: | 碩士 === 中華大學 === 企業管理學系碩士班 === 103 === This paper uses the mover-stayer model to study the performance persistence of banks listing in Taiwan Stock Exchange (TWSE). We use quarterly data in different financial indexes from 2003 to 2013 to estimate the transition probabilities of movers and stayer’s ratio in Taiwan banks. Our study finds that: (1) Taiwan banks maintain the same performance groups in sequent periods mostly. But when they change their performances, the middle performance group more deteriorate their performances than improve performances. (2)In the performance behaviors of movers, the best performance group shows p ̂_11>p ̂_12>p ̂_13 pattern, the worse performance group shows p ̂_33>p ̂_32>p ̂_31 pattern and the middle performance group shows p ̂_22>p ̂_23>p ̂_21 pattern. (3)In long term performance persistence, we find that there exists the significant performance persistence in the worse performance group. And the evidences about performance persistence in the middle performance group are absent
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