臺灣博碩士論文加值系統

本研究以2003年度至2005年度之臺灣14家金融控股公司為樣本，採用中介法選取變數，以固定資產、金融業務成本及薪資費用為投入變數；而以總投資、營業收入及利息收入為產出變數。首先以橫斷面的觀點切入，應用資料包絡分析法之CCR與BCC模式衡量臺灣14家金融控股公司財務績效，求得總效率、純粹技術效率與規模效率，再以縱剖面的觀點切入，與天下雜誌對金融控股公司之各項財務評估指標進行比較分析，探討其中的趨勢關係，並針對各金融控股公司經營主體類型之整體效率進行評估與比較分析。
橫斷面分析的實證結果：應用資料包絡分析法之CCR與BCC模式衡量臺灣14家金融控股公司於2003年度、2004年度及2005年度財務績效之總效率、純粹技術效率與規模效率。本研究將各金融控股公司歸納界定其效率單位，並提供改善效率之建議。
而縱剖面分析的實證結果：經與各項財務指標比較分析，倘若以資產總額、資本及股東權益總額，為區別其金融控股公司經營規模大小之指標。本研究發現，其經營規模並非影響其財務績效之因素。但若以資產報酬率、股東權益報酬率及稅後淨利等獲利力之財務指標加以檢視。本研究發現，其財務績效與其獲利能力具有正相關性存在。
再以各金融控股公司之經營主體區分為四類，進行績效評估與比較分析。本研究發現以保險業為經營主體之金融控股公司，整體而言，其三年度之平均效率值為最佳；次佳者為其他（工業銀行及票券業）經營主體之金融控股公司；第三則是以商業銀行為經營主體之金融控股公司；而以證券業為經營主體之金融控股公司表現最為不理想。

The research took the fourteen financial holding companies in Taiwan from 2003 to 2005 to be the samples, and adopted the intermediation approach to choose the variables—taking the fixed assets, the financial business cost, and the salary expense to be the input variables, and taking the total investment, the business income, and the interest income to be the output variables. First of all, to analyze from the viewpoint of the cross section, apply the CCR and BCC modes of the data envelopment analysis to measure the financial achievements of the fourteen financial holding companies in Taiwan, and get the technical efficiency, the pure technical efficiency, and the scale efficiency. Then to analyze from the viewpoint of the vertical section, do the comparison and analysis with Common Wealth Magazine’s each financial evaluation index for the financial holding companies, discuss the trend and relationship within, and do the appraisal, comparison, and analysis aiming at the category of the business principal part of each financial holding company.
The evidential results of the cross section analysis: I applied the CCR and BCC modes of the data envelopment analysis to measure the financial achievements （on the technical efficiency, the pure technical efficiency, and the scale efficiency） of the fourteen financial holding companies in Taiwan in 2003, 2004, and 2005. The research induced each financial holding company to define the efficiency unit, and provided the suggestion of improving the efficiency.
The evidential results of the vertical section analysis: Through the comparison and analysis with each financial index, the research found that, if taking the total assets, the capital, and the total stockholders’ equity to be the indexes of differentiating the business scale of the financial holding companies, the business scale was not the factor that affected the financial achievements. However, if inspecting them with the financial indexes of the profitability of return on asset, return on equity, and net profit after tax, the research discovered that the business achievements and the profitability had the positive correlation.
Furthermore, to divide the business principal parts of financial holding companies into four categories to do the achievements evaluation, comparison, and analysis, the discoveries are as follows: as a whole, the financial holding companies that took the insurance industry as the business principal part had the best average efficiency value in the three years; the financial holding companies of other business principal parts （such as the industrial banks, and the bills finance industry） were the second place; The financial holding companies that took the business bank as the business principal part were the third place; the performance of the financial holding companies that took the securities industry as the business principal part was the worst.

書頁…………………………………………………………………………………Ⅰ
博、碩士論文授權書………………………………………………………………Ⅱ
論文口試委員會審定書（中文版）………………………………………………Ⅲ
論文口試委員會審定書（英文版）………………………………………………Ⅳ
中文摘要……………………………………………………………………………Ⅴ
英文摘要……………………………………………………………………………Ⅶ
謝誌…………………………………………………………………………………Ⅸ
目錄…………………………………………………………………………………Ⅹ
表目錄………………………………………………………………………………XI
圖目錄………………………………………………………………………………XII



第一章 緒 論.………………………………………………………………………1
第一節研究背景與動機 ……………………………………………………………1
第二節研究目的 ……………………………………………………………………2
第三節研究範圍與限制 ……………………………………………………………3
第四節研究架構及流程 ……………………………………………………………6
第二章 文獻探討……………………………………………………………………8
第一節績效評估方法回顧 …………………………………………………………8
第二節金融機構經營效率之相關文獻 ……………………………………………18
第三節以資料包絡法評估績效之相關文獻 ………………………………………23
第三章 基礎理論與研究方法………………………………………………………34
第一節資料包絡法之意義與限制 …………………………………………………34
第二節資料包絡法之衡量方法 ……………………………………………………37
第三節資料包絡法之變數選取 ……………………………………………………48
第四章實證結果與分析 ……………………………………………………………52
第一節研究設計 ……………………………………………………………………52
第二節橫斷面之分析 ………………………………………………………………56
第三節縱剖面之分析 ………………………………………………………………74
第五章結論與建議 …………………………………………………………………89
第一節結 論…………………………………………………………………………89
第二節建 議…………………………………………………………………………90
參考文獻 ……………………………………………………………………………92
附錄一資料包絡法：例題 …………………………………………………………95
附錄二Frontier Analyst：操作步驟…………………………………………………97

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