(54.236.58.220) 您好!臺灣時間:2021/03/08 08:53
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果

詳目顯示:::

我願授權國圖
: 
twitterline
研究生:陳怡伶
研究生(外文):Chen, Yi-Ling
論文名稱:以財務指標分析銀行業的競爭優勢
論文名稱(外文):Analysis of Competitive Advantage of Banking Industry with Financial Indicators
指導教授:唐瓔璋唐瓔璋引用關係
指導教授(外文):Tang, Ying-Chan
學位類別:碩士
校院名稱:國立交通大學
系所名稱:企業管理碩士學程
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2010
畢業學年度:98
語文別:英文
論文頁數:49
中文關鍵詞:金融危機銀行業資源構型策略族群因素分析集群分析競爭優勢
外文關鍵詞:Financial crisisBanking industryResource configurationStrategic groupFactor analysisCluster analysisCompetitive advantage
相關次數:
  • 被引用被引用:5
  • 點閱點閱:355
  • 評分評分:系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔
  • 下載下載:63
  • 收藏至我的研究室書目清單書目收藏:0
The late 2000s financial crisis seriously damaged banking industry worldwide. Although many banks collapsed, were acquired under compulsion, or were restrained by government takeover, numerous banks survived and continued to provide financial services to customers. This paper intends to discover the resource configurations of strategic groups consisting of the banks surviving the global financial crisis and propose business strategies for them. By means of factor analysis, we extract five resource configurations from nine financial indicators as follows: customer relationship advantage, organization management ability, asset management ability, risk management ability, and liability management capacity. After that, we put cluster analysis into use to classify those banks into three strategic groups as given in the list below: default risk management reinforced cluster, profit oriented cluster, and conservative business cluster. Next, we discover that profit oriented cluster and default risk management reinforced cluster present remarkable financial performance arising from their distinguished competitive advantage.
The late 2000s financial crisis seriously damaged banking industry worldwide. Although many banks collapsed, were acquired under compulsion, or were restrained by government takeover, numerous banks survived and continued to provide financial services to customers. This paper intends to discover the resource configurations of strategic groups consisting of the banks surviving the global financial crisis and propose business strategies for them. By means of factor analysis, we extract five resource configurations from nine financial indicators as follows: customer relationship advantage, organization management ability, asset management ability, risk management ability, and liability management capacity. After that, we put cluster analysis into use to classify those banks into three strategic groups as given in the list below: default risk management reinforced cluster, profit oriented cluster, and conservative business cluster. Next, we discover that profit oriented cluster and default risk management reinforced cluster present remarkable financial performance arising from their distinguished competitive advantage.
Abstract---------------------------------------------- i
Acknowledgement--------------------------------------- ii
Table of Contents------------------------------------- iii
List of Tables---------------------------------------- v
List of Figures--------------------------------------- vi
I. Introduction--------------------------------------- 1
1.1 Research background---------------------------- 1
1.2 Research motivation---------------------------- 3
1.3 Research objective----------------------------- 3
1.4 Research framework----------------------------- 4
II. Literature Review--------------------------------- 5
2.1 Competitive advantage and corporate performance------ ------------------------------------------------ 5
2.2 Financial indicators and bank performance------- 7
2.3 Strategic groups-------------------------------- 18
III. Research Methodology------------------------------ 21
3.1 Research procedure -------------------------- 21
3.2 Data collection--------------------------------- 22
3.3 Methods of analysis----------------------------- 22
3.3.1 Factor analysis------------------------------- 22
3.3.2 Cluster analysis------------------------------ 23
IV. Empirical Analysis--------------------------------- 26
4.1 Variables ----------------------------------- 26
4.2 The general situation of banking industry------- 28
4.3 The outcome of factor analysis------------------ 29
4.4 The result of cluster analysis------------------ 33
V. Conclusions----------------------------------------- 40
5.1 Research summary-------------------------------- 40
5.2 Limitations in this research-------------------- 41
5.3 Extensions of further research------------------ 41
Bibliographies----------------------------------------- 43
Appendix 1 The bank list of each cluster--------------- 47


Aldenderfer M.S., “A Consumer Report on Cluster Analysis Software: (2) Hierarchical Methods”, working paper, Department of Anthropology, Pennsylvania State University, 1977
Amit R., Schoemaker P.J.H., “Strategic assets and organizational rent”, Strategic Management Journal, 14, 1, pp. 33-46, 1993
Avery R.B., Hanweck G.A., “A dynamic analysis of bank failures”, Proceedings of the 20th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, pp. 380-395, 1984
Bain J.S., Barriers to new competition, Harvard University Press, 1956
Barney J.B., “Firm resources and sustained competitive advantage”, Journal of Management, 17, pp. 99-120, 1991
Barney J.B., “Organizational culture: can it be a source of sustained competitive advantage”, Academy of Management Review, 11, 3, pp. 656-665, 1986
Barr R.S., Seiford L.M., Siems T.F., “Forecasting bank failure: a non-parametric frontier estimation approach”, Recherches Economiques de Louvain, 60, 4, pp. 417-429, 1994
Bongini P., Claessens S., Ferri G., “The political economy of distress in East Asian financial institutions”, Journal of Financial Services Research, 19, 1, pp. 5-25, 2001
Bongini P., Laeven L., Majnoni G., “How good is the market at assessing bank fragility? A horse race between different indicators”, World Bank Policy Research Working Paper, 2001
Boyacioglu M.A., Kara Y., Baykan O.K., “Predicting bank financial failures using neural networks, support vector machines and multivariate statistical methods: A comparative analysis in the sample of savings deposit insurance fund (SDIF) transferred banks in Turkey”, Expert Systems with Applications, 36, pp. 3355-3366, 2009
Caves R., “American industry: structure, conduct, performance”, Englewood Cliffs, N.J., Prentice Hall, 1982

Caves R.E., Porter M.E., “From entry barriers to mobility barriers”, Quarterly Journal of Economics, pp. 241-261, 1977
Christensen K., Fahey L., “Building distinctive competences into competitive advantage”, Strategic Planning Management, pp. 113-123, February, 1984,
Cole R.A., Gunther J.W., “Predicting bank failures: A comparison of on- and off-site monitoring systems”, Journal of Financial Services Research, 13, 2, pp. 103-117, 1998
Day George S., Robin Wensley, “Assessing Advantage: A Framework for Diagnosing Competitive Superiority”, Journal of Marketing, 52, pp. 1-20, April, 1988
Dwyer G.P., Gilbert R.A., “Bank runs and private remedies”, Federal Reserve Bank of St. Louis Review, 71, 3, pp. 43-61, 1989
Espahbodi P., “Identification of problem banks and binary choice models”, Journal of Banking and Finance, 15, 1, pp. 53-71, 1991
Estrella A., Park S., Peristiani S., “Capital ratios as predictors of bank failure”, Federal Reserve Bank of New York Economic Policy Review, pp.33-52, 2000
Friedman M., Schwartz A.J., A monetary history of the United States, 1867-1960, Princeton University Press, 1963
Gilbert R.A., Kochin L.A., “Local economic effects of bank failures”, Journal of Financial Services Research, 3, 4, pp. 333-345, 1989
Gilbert R.A., Meyer A.P., Vaughan M.D., “The role of supervisory screens and econometric models in off-site surveillance”, Federal Reserve Bank of St. Louis Review, 81, 6, pp. 31-56, 1999
Gunsel N., “Financial ratios and the probabilistic prediction of bank failure in North Cyprus”, European Journal of Scientific Research, 18, 2, pp. 191-200, September, 2007
Harrigan K.R., “An application of clustering for strategic group analysis”, Strategic Management Journal, 6, 1, pp. 55-73, 1985
Harrigan K.R., “Barriers to entry and competitive strategies”, Strategic Management Journal, pp.395-412, 1981
Harrigan K.R., Strategies for vertical integration, D.C. Heath & Co., Lexington, MA., 1983

Hartigan J.A., “Representation of similarity matrices by trees”, Journal of the American Statistical Association, pp. 1140-1158, 1967
Hunt M.S., “Competition in the major home appliance industry, 1960-1970”, Harvard University, doctoral dissertation, 1972
Jagtiani J., Kolari J., Lemieux C., Shin H., “Early warning models for bank supervision: Simpler could be better”, Federal Reserve Bank of Chicago Economic Perspectives, pp. 49-60, 2003
Kay J., Foundations of Corporate Success, Oxford University Press, Oxford, 1994
Lopez J.A., “Using CAMELS ratings to monitor bank conditions”, Federal Reserve Bank of San Francisco Economic Letter, June, 1999
Martin D., “Early warning of bank failure: A logit regression approach”, Journal of Banking and Finance, 1, 3, pp. 249-276, 1977
Meyer P.A., Pifer H.W., “Prediction of bank failures”, Journal of Finance, pp. 853-868, 1970
Miller R., “Strategic pathways to growth in retailing”, Journal of Business Strategy, 1, 3, pp. 16-29, 1981
Miller R., Springate D., “Modeling strategic behavior within an industry”, Joint National Meeting, TIMS/ORSA, New Orleans, 1979
Nouriel Roubini, Kenneth Rogoff, Nariman Behravesh, “Three Top Economists Agree 2009 Worst Financial Crisis Since Great Depression; Risks Increase if Right Steps are Not Taken”, REUTERS, February 27, 2009
Porter M.E., Competitive strategy: techniques for analyzing industries and competitors, Free Press, NY, 1980
Porter M.E., Competitive advantage: creating and sustaining superior performance, Free Press, NY, 1985
Powell T.C., “Competitive advantage: logical and philosophical considerations”, Strategic Management Journal, 22, 9, pp. 875-888, 2001
Punj G., Stewart D.W., “Cluster analysis in marketing research: review and suggestions for application”, Journal of Marketing Research, 20, pp.134-148, 1983
Reed R., De Fillippi RJ, “Causal ambiguity, barriers to imitation, and sustainable competitive advantage”, Academy of Management Review, 15, 1, pp. 88-102, 1990
Rojas-Suarez L., “Rating banks in emerging markets: What credit rating agencies should learn from financial indicators”, Ratings, rating agencies, and the global financial system, pp. 177-212, 2002
Rumelt R.P., “Towards a strategic theory of the firm”, Competitive Strategic Management, pp. 556-570, Englewood Cliffs, N.J., Prentice Hall, 1984
Sahajwala R., P. Van den Bergh, “Supervisory risk assessment and early warning systems”, Basel Committee on Banking Supervision Working Papers, 4, December, 2000
Shen C.H., Money & banking: a global view, Shin Lou Book Co., Ltd., Taipei, 2007
Shen C.H., Financial market: a global view, Shin Lou Book Co., Ltd., Taipei, 2009
Shepard R.N., Arabie P., “Additive clustering: Representation of similarities as combinations of discrete overlapping properties”, Psychological Review, 86, pp. 87-123, 1979
Sinkey J.F., “A multivariate statistical analysis of the characteristics of problem banks”, Journal of Finance, pp. 21-36, 1975
Sokal R.R., Sneath P.H.A., Numerical taxonomy, WH Freeman, San Francisco, 1973
Tang M.J., Thomas H., “The concept of strategic groups: Theoretical construct or analytical convenience”, Managerial and Decision Economics, 13, 4, pp. 323-329, 1992
Tang Y.C., Liou F.M., “Does firm performance reveal its own causes? The role of Bayesian inference”, Strategic Management Journal, 31, 1, pp.39-57, 2010
Thomson J.B., “Predicting bank failures in the 1980s”, Federal Reserve Bank of Cleveland Economic Review, pp. 9-20, 1991
Wheelock D.C., Wilson P.W., “Why do banks disappear: The determinants of U.S. bank failures and acquisitions”, Review of Economics and Statistics, Federal Reserve Bank of St. Louis, pp. 127-138, 2000

連結至畢業學校之論文網頁點我開啟連結
註: 此連結為研究生畢業學校所提供,不一定有電子全文可供下載,若連結有誤,請點選上方之〝勘誤回報〞功能,我們會盡快修正,謝謝!
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
無相關期刊
 
系統版面圖檔 系統版面圖檔