| Summary: | 碩士 === 國立臺北大學 === 經濟學系 === 105 === This study utilizes the panel data analysis to 39 commercial banks in Taiwan for the periods of 2006 Q1 to 2016 Q2 to analyze the effects of dividend policy, asset quality, management and earning capabilities, and firm size on bank liquidity creation developed by Berger and Bowman (2009). Major findings are as follows.
First, previous period dividend policy has significantly positive effect on bank liquidity creation, while current period dividend policy has significantly negative effect on bank liquidity creation. Results are consistent with the Risk Absorption Hypothesis of Berger and Bowman (2009). Asset quality on previous period is found to have significantly negative effect on bank liquidity creation, while earnings on previous period is found to have significantly positive effect on bank liquidity creation in Taiwan.
Second, effects of previous and current period dividend policy, asset quality, earnings and firm size on bank liquidity creation are found significantly different from banks between affiliated or not affiliated with financial holdings companies. Effects on liquidity creation of banks affiliated with financial holdings companies are found to be larger than those not affiliated with.
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