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研究生:陳昱暄
研究生(外文):Yu-Xuan Chen
論文名稱:銀行機構投資者國籍對銀行風險的影響
論文名稱(外文):The effect of institutional investors’ nationality on bank risk-taking
指導教授:陳彥行陳彥行引用關係
口試委員:王衍智林智勇
口試日期:2015-06-22
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:財務金融學研究所
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:2015
畢業學年度:103
語文別:英文
論文頁數:30
中文關鍵詞:銀行機構投資者UAIND風險
外文關鍵詞:bankinstitutional investoruncertainty avoidanceindividualismrisk-taking
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本文以2012年的世界前五百大銀行為觀察值,觀察期間為2005至2012年。討論銀行的機構投資者之國籍是否會影響銀行的風險。實證結果顯示,銀行機構投資者若是來自UA(uncertainty avoidance)較高的國家,則銀行風險較低;此外,若是銀行持股比最高的機構投資者是來自於IND(individualism)較高的國家,此銀行風險也較高。

This study investigates the effect of the national culture of bank’s institutional investors on bank risk-taking. The observations consist of the largest 409 banks over the world in 2012 and I collect the data of these banks in the period of 2005-2012. The empirical results indicate that banks whose institutional shareholders are mainly from countries with high uncertainty avoidance tend to be less risky. In addition, banks whose largest institutional shareholder comes from countries with high individualism tend to be more risky.


謝辭 i
中文摘要 ii
Abstract iii
Tables iv
1. Introduction 1
2. Literature Review and Hypothesis 2
3. Data and Methodology 4
3.1 Data 4
3.2 Uncertainty avoidance and individualism 5
3.3 Measures and models for bank risk-taking 6
4. Empirical Results 8
4.1 Descriptive statistics 8
4.2 Culture and risk-taking 8
5. Conclusion 10
Reference 12


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