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研究生:林傳育
研究生(外文):Chuan-yu Lin
論文名稱:外國銀行是否較本國銀行有效率?全球銀行的實證研究
論文名稱(外文):Are Foreign Banks More Efficient than Domestic Banks? International Evidence
指導教授:陳昇鴻陳昇鴻引用關係
指導教授(外文):Sheng-hung Chen
學位類別:碩士
校院名稱:南華大學
系所名稱:財務金融學系財務管理碩士班
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:112
中文關鍵詞:資料包絡分析法機構治理銀行效率外國銀行
外文關鍵詞:Bank EfficiencyData Envelop Analysis (DEA)GovernanceForeign Banks
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  過去關於是否外國銀行較本國銀行更具效率的實證研究無一致性的結論,更缺乏全球銀行的實證分析。本文以1992至2006年間70個國家中的本國與外國銀行為研究對象,分析外商銀行相較於本國銀行的經營效率,並探討影響銀行效率的關鍵因素及進一步比較本國與外國銀行之差異性。重要的研究變數包括銀行特性、跨國間不同總體經濟條件及治理指標等。本研究透過設定不同投入與產出要素組合,使用「資料包絡分析法」(DEA)評估外商銀行與本國銀行的效率水準。實證結果指出,外商銀行明顯較本國銀行具有較佳的技術效率水準。同時,所有國內外銀行的實證結果證實當銀行有較高的資本對資產比率、資本對負債比率、銀行資產、流動資產對顧客存款比、表外項目對資產比率、稅前淨利對權益比率、非營運收入對淨收入比率時會表現較高的技術效率。若跨國間母國與在地國之機構治理指標差異性愈大時,銀行會表現較佳的技術效率。外商銀行的技術效率較易受在地國機構治理的影響更甚於受母國機構治理的影響,以及若單獨考慮銀行屬性時,當外商銀行為商業銀行時,則較易受到母國治理指標的影響;再者,當外商銀行位於非洲及亞洲區域時,其技術效率受母國治理指標的影響較大。整體而言,跨國間總體經濟與機構治理的差異程度愈大,對外商銀行的績效確實存在顯著且正向的影響。
  Previous empirical evidences on efficiency analysis for foreign bank show mixed findings about whether foreign banks do perform better than domestic banks. Using comprehensive panel data on 70 countries for the period 1992 to 2006, this paper empirically investigates comparative performance of banking sector particularly in comparison with efficiency analysis for foreign versus domestic banks, and further identifies key determinants of bank efficiency associated with bank characteristics and cross-country differences in macroeconomic condition and institutional governance. Utilizing several combinations of input and output factors, various efficiency measures on banks are calculated by Data Envelopment Analysis (DEA) approach to evaluate comparative performance of foreign versus domestic banks. The empirical findings indicate that foreign banks show better efficiency than domestic banks according to efficiency scores from technology and scale. Banks with better performance are positive related to Cap funds to total assets, cap funds to liabilities, larger bank assets, liquid assets to total deposit & borrow, increasing off-balance sheet items over total assets, net loans to total deposit & borrow, net loans to deposit funding, net profits before taxes to equity, other operation income to average assets, and non operation items to net income, but negative associated with lower Equity to total assets, lower non-interest expenses to average assets, cost to income ratio, and falling GDP per capita. Specifically, cross-country differences in institutional quality between home country and host country for all banks are significantly positive with political instability and Similarity. Interesting, foreign banks performing better are associated with farer distance in macroeconomic conditions and institutional governance between host and home country.
論文口試委員審定書 ……………………………………I
版權宣告 …………………………………………………II
謝辭 ………………………………………………………III
中文摘要 …………………………………………………IV
英文摘要 …………………………………………………V
Contents …………………………………………………VII
List of Tables …………………………………………IX
Appendix …………………………………………………XI
  
1. Introduction……………………………………………1
1.1 Motivation …………………………………………1
1.2 Research Purpose …………………………………1
1.3 Major Contributions………………………………4
  
2. Literature Review …………………………………4
2.1 Foreign Banks: Advantages versus Disadvantages…5
2.2 Foreign Banks in Developing and Developed Countries…8
2.3 Cross-Country Determinants of Bank Efficiency…………11
  
3. Methodology …………………………………………15
3.1 Data Envelopment Analysis (DEA)………………15
3.2 Inputs and outputs ………………………………17
3.3Empirical Specification …………………………19
3.4 Data …………………………………………………22
  
4. Empirical Results …………………………………23
4.1 Descriptive Statistics and Efficiency Scores …………23
4.2 Identifying Cross-Country Determinants of Bank Efficiency: Banks Specific and Macroeconomic conditions…25
4.3 The Influence of Banks Specific, Macroeconomic conditions and Host Institutional Governance on Bank Efficiency………………………29
4.4 The Influence of Banks Specific, Macroeconomic conditions and Host with Home Institutional Governance on Bank Efficiency……33
4.5 The Influence of Banks Specific, Macroeconomic conditions and Host with Home Institutional Governance on Bank Efficiency……35
4.6 Does Differences in Area and Type between Host and Home Country Matter Bank Efficiency? …………………………………………38
4.7 Are the Different on Country Area or Bank type for Bank Efficiency? ……………………42
  
5. Empirical Results ………………………………50
  
References ………………………………………………53
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