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研究生:陳奕儒
研究生(外文):Chen I-Ju
論文名稱:非利息收入是否能為台灣銀行業帶來多角化利益?
論文名稱(外文):Diversification in Banking: Is Non-interest Income The Answer? The Case of Taiwan Banking Industry
指導教授:鎮明常鎮明常引用關係
指導教授(外文):Cheng Ming-Chang
口試委員:黃瓊慧沈仰斌張紹基李佩璇鎮明常
口試日期:2011-07-23
學位類別:碩士
校院名稱:國立中正大學
系所名稱:企業管理研究所
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:2011
畢業學年度:99
語文別:英文
論文頁數:45
外文關鍵詞:Bank EfficiencyNon-interest IncomeNet Interest IncomeCommercial BankTaiwan Financial Reforms
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As Taiwan has conducted a series of financial reforms, the commercial banks faced a huge challenge. This research is aimed at investigate how non-interest income, which include Commission Earned, Trustee Fee, and exchange gains etc.., affects the mean and variation of bank profits in Taiwan banking industry. We select the aggregate and individual bank data over the period 1992 - 2009 and follow Stiroh’s (2004) method to measure the potential return and bank risk. At the aggregate level, although they may have diversification benefits from declining covariance between net interest income and non-interest income, non-interest income has much more variation than net interest income. At the bank level, there are positive significant to explain the diversification benefits will decline as non-interest income enlarges. By analyzing econometric model, the continued expansion in the component of non-interest income will lower risk-adjusted returns. From these overall results, we can conclude that inflating with nontraditional activities may not have diversification benefits in Taiwan banking industry.
Abstrat………………………………………………………………………………I
1. Introduction
1.1 Research Motivation………………………………………………………………1
1.2 Research Objectives………………………………………………………………3
2. Literature Review
2.1 Positive Side……………………………………………………………………….4
2.2 Negative Side……………………………………………………………………...6
3. Sample Selection………………………………………………………………..8
4. Research Method
4.1 Aggregate Volatility and Cyclicality of Bank Revenue……………………..10
4.1.1 Aggregate Volatility………………………………………………….....11
4.1.2 Aggregate Cyclicality.....................................................................13
4.2 Bank-Level Correlation and Variability……………………………………..15
4.2.1 Cross-Sectional Correlation………………………………………….15
4.2.2 Bank-Specific Correlation……………………………………………17
4.3 Non-interest Incomes Share Impact on Bank Risk and Return………….20
5. Conclusion…………………………………………………………………...22
6. Reference…………………………………………………………………….23

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