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研究生:陳盈珊
研究生(外文):Ying-Shan Chen
論文名稱:金融服務及市場法案通過後英國商業銀行效率分析之實證研究
論文名稱(外文):Empirical Study on the Efficiency Analysis of United Kingdom Commercial Banks after the Financial Service Market Act
指導教授:陳育成陳育成引用關係
學位類別:碩士
校院名稱:國立中興大學
系所名稱:財務金融系所
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:2009
畢業學年度:97
語文別:英文
論文頁數:33
中文關鍵詞:商業銀行績效生產力資料包絡法(DEA)麥氏生產力指數法(MPI)
外文關鍵詞:Commercial BankPerformanceProductivityData Envelopment Analysis (DEA)Malmquist Productivity Index (MPI)
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近年來金融監理一元化已經成為一種趨勢。英國成功的將原本分散的自律得監管系統整合成單一的監管模式。此外,英國實施金融服務及市場法,徹底打破了銀行、證券、保險的邊界,正式將英國金融市場成為單一金融法規的時代。本文利用非參數的資料包絡分析法及MPI分析英國11家商業銀行在1998-2006年的效率在FSMA實施之後是否有得到改善的現象。我們發現2002-2006商業銀行整體績效確實比1998-2001年表現來的好。而整體效率的改善主要是來自於規模效率的提升。由MPI分析得到生產力平均每年上升1.54%,此成長主要是來自於效率進步的提升。最後,本文利用迴歸分析法發現loan、fee、ROA、deposit都是顯著影響英國銀行效率的因子。
Recently, unitary financial supervision has become a new trend around the world. England has successfully integrated several separate supervisory systems into one supervisory structure. Moreover, the way that the UK executes its Financial Services and Markets Act (FSMA) has crossed the barriers of banking, securities and insurance, and has led the British financial market into an era of implementing one single financial legal system.
This study used the nonparametric frontier approach of Data Envelopment Analysis (DEA) and the Malmquist Productivity Index (MPI) to analyze changes in bank operation efficiency and productivity during the period from 1998 to 2006 of eleven commercial banks in the UK after the implementation of FSMA. Results showed that the overall efficiency of the banks during the 2002 to 2006 period was much better than the period from 1998 to 2001. The increase in overall efficiency mainly came from the increase in scale efficiency. Furthermore, the annual average productivity increased 1.54% by MPI analysis, and this increase was primarily caused by the higher efficiency. Finally, this study used regression analysis to determine that loans, fees, ROA and deposits are factors that have a significant influence on bank efficiency in the UK.
Chapter 1 Introduction....................................1
Chapter 2 Literature......................................2
2.1 The development of financial system in United Kingdom.........2
2.2 The definition of efficiency..........................5
2.3 Brief Literature Review ...............................6
Chapter 3 Methodology....................................12
3.1 Data and Variable Selection..........................12
3.2 Non-parametric Estimation Methodology(DEA)...........14
3.3 Malmquist Productivity Index.........................15
3.4 Regression Model.....................................17
Chapter 4 Empirical results..............................19
4.1 The performance of United Kingdom commercial banks before and after the Financial Service and Market Act(2000)...................................................19
4.2 Productivity growth..................................22
4.3 Regression analysis..................................23
Chapter 5 Conclusion.....................................26
Reference................................................28
Appendix.................................................31
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