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研究生:蔡佳憓
論文名稱:國際化程度與銀行經營績效之關係--台灣銀行業之分析
指導教授:江永裕江永裕引用關係
學位類別:碩士
校院名稱:國立政治大學
系所名稱:金融研究所
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2008
畢業學年度:96
語文別:中文
論文頁數:79
中文關鍵詞:銀行國際化國際化指標因果關係縱橫資料依循客戶
外文關鍵詞:Bank internationalizationDOIGranger causalitypanel datacustomers-following
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本論述為找出國際化與績效的互動關係。首先,討論銀行國際化誘因,接著建立一國際化指標衡量台灣銀行業國際化程度,再檢驗兩者的關係。
採取1998年到2007年底台灣銀行業各年銀行資料,共計樣本數達486筆。由於資料為縱橫資料,故一般迴歸方式,加入固定效果與隨機效果以檢視不同的銀行特點是否有影響結果。另外檢驗國際化與績效和其他國際化誘因之間是否有互動的因果關係。
將國際化指標定義為海外資產比、海外營收比及海外費用比三者的一般加權指標。國際化誘因則採取:規模、績效、依循客戶、營收市占率、國內外利差、模仿跟風、市場開放與否等八項。結果發現,規模、依循客戶、國外利差等因素都顯著正向影響國際化程度,其中規模及依循客戶又與國際化程度有顯著的因果關係,故可推論國內銀行業國際化的誘因確實有擴大規模及依循客戶的考量。
以實證結果看來,國際化與績效確實會互相影響。另外,考量個別銀行的特性後,台灣銀行業符合固定效果模型。結果顯示,影響銀行績效的因素在不同銀行間沒有很大的差異,然而各銀行所屬的固定特性不同,確實會深刻影響銀行國際化程度的差異,亦即個別銀行的固定特性是影響國際化的重要因素。可見,銀行利用國際化策略而提升銀行績效的做法是有其前提所在,也就是本身條件要好。
銀行國際化、績效、規模等因素就像是一個迴圈,彼此影響。也可以說銀行要提升績效的方式有很多,國際化、併購、擴大市場都是策略之一,只是目前在國內銀行業市場有限的關係,造成國際化策略的自然形成,銀行國際化是一種過程、是一種手段,並不一定與績效有因果關係,只是現在剛好走到這裡。
This paper examines the relationships between bank performance and DOI(degree of internationalization). We start with explore the incentives for banks to internationalize themselves. Then we structure an index to measure the degree of internationalization and finally examine the relationships between various variables and performance.
This study uses unbalanced panel data of the Taiwan bank industry from 1998 to 2007. Besides the often-used regression method, this paper also tests both fixed effect and random effect models with panel data, and examines Granger causality between bank internationalization, performance and incentives of internationalization.
We find that variables such as scale, customers-following and foreign interest rate spread positively affect bank internationalization; moreover scale and customers-following factor Granger cause bank internationalization. So we can conclude that utilizing-economies-of-scale and following-customers are two incentives justifying the internationalization strategy of Taiwan’s banks.
謝辭 I
中文摘要 II
英文摘要 III
表次 V
圖次 VI
第一章 序論 1
第一節 研究背景 1
第二節 研究目的 3
第三節 研究架構 4
第二章 理論基礎與文獻探討 5
第一節 國際化定義 5
第二節 國際化相關理論 7
第三節 銀行國際化 10
第四節 國際化程度及績效衡量指標 15
第五節 國際化與經營績效之關係 18
第三章 台灣本地銀行國際化現況分析 24
第一節 銀行海外分支機構之型態 24
第二節 台灣本地銀行國際化之現況 26
第四章 研究設計 37
第一節 研究方法 37
第二節 樣本資料分析 40
第三節 實證模型設定 45
第四節 研究限制 46
第五章 實證結果與分析 47
第一節 國際化與績效的關係 47
第二節 國際化與績效、規模之因果關係 61
第六章 結論與建議 64
第一節 結論 64
第二節 後續研究的方向與建議 66
參考文獻 67
英文文獻
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中文文獻
1. 中華經濟研究院,民96年,銀行國際化策略之研究,金融研究發展基金會管理委員會九十五年度委託研究計畫
2. 史萊格,民96年,銀行大就美?銀行國際化的模式、策略與績效,長智文化,p80~p105, p123~p147
3. 余慈蕙,民93年,國際化和公司績效之關係—台灣企業實證研究,逢甲大學國際貿易所碩士論文
4. 林惠文,民90年,國際化與多角化對財務績效之影響--本國銀行業之比較分析,商管科技季刊第二卷第四期p377~P397
5. 林婷鈴,銀行業國際化併購整合性觀念模式之探討
6. 高淑萍,民90年,台灣上市公司國際化程度對經營績效暨風險影響之探討,台灣科技大學企業管理研究所碩士論文
7. 喬有慶,民91年,國際化程度、產品差異化能力與績效之關聯性—台灣企業之實證研究,國立政治大學企業管理研究所博士論文
8. 張瓊心,民94 年,國際化程度對廠商經營績效影響之分析--以台灣製造廠商為例,東吳大學經濟系碩士論文
9. 張燕玉,民94年,國際化程度對銀行經營績效之影響--以台灣本地銀行為例,政治大學行政管理學系碩士論文
10. 楊蓁海,民96年,我國銀行業存放利差減少原因剖析與因應對策,中央銀行季刊第二十九卷第二期
網站
1. 中央銀行http://www.cbc.gov.tw/
本國銀行營運績效季報
2. 金管會http://www.fscey.gov.tw/
中華民國基本金融資料,銀行局金融業務統計輯要
3. 各銀行網站
4. 經濟新報資料庫(TEJ)
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