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研究生:黃健瑋
研究生(外文):HUANG, JIAN-WEI
論文名稱:多元化收入對台灣地區金控公司流動性之影響
論文名稱(外文):The Impact of Diversified Income on the Liquidity of Taiwan 's Financial Holding Companies
指導教授:劉清標劉清標引用關係
指導教授(外文):LIU, CHIN-PIAO
口試委員:林筱鳳陳立文劉清標
口試委員(外文):LIN, XIAO-FENGCHEN, LI-WENLIU, CHIN-PIAO
口試日期:2017-06-16
學位類別:碩士
校院名稱:國立中正大學
系所名稱:財務金融系研究所
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:2017
畢業學年度:105
語文別:中文
論文頁數:45
中文關鍵詞:多元化收入非利息收入金控公司流動性
外文關鍵詞:Diversified IncomeNon-interest IncomeFinancial Holding CompanyLiquidity
相關次數:
  • 被引用被引用:0
  • 點閱點閱:160
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  • 下載下載:3
  • 收藏至我的研究室書目清單書目收藏:0
鑒於金融機構的體制及營運方式不斷地在改變,由傳統的存款、貸款服務逐漸轉變為兼營證券經紀、保險或是自營投資,最後發展出金融控股公司、綜合銀行等的多角化經營模式,加上近十年來金融機構進行多元化收入經營所衍生出來的問題越來越多,甚至造成整個經濟體的動盪,金融機構進行多角化經營已成為最主要的營運模式,因此本篇文章主要探討台灣地區金控公司流動性與多元化收入來源關係以及在金融風暴發生期間與非金融風暴期間對流動性是否有不同的影響,並加入衡量金融機構規模大小之變數用以衡量2008年次級房貸風暴所衍生之銀行大到不能倒的議題與流動性之間的關係。其中利用應變數流動性資產對存款及短期籌資負債比以及自變數淨非利息收益絕對值與淨利息收益絕對值與淨非利息收益絕對值兩者總和的比例來研究流動性與多元化收入來源關係,並設立虛擬變數將資料期間分為是否為次貸危機發生期間,以總資產之對數來衡量金控公司的規模大小。經過實證結果發現台灣地區之金控公司增加其非利息收入確實會讓流動性提高,流動性風險下降,此外,本篇研究也發現金控公司之規模大小會與流動性呈現反向關係。為了能支持本篇論文之研究結果,本文在實證結果後,加入了穩健性測試,利用另外一個應變數流動性資產占總資產之比率替換原本的應變數,其穩健性測試所得出來的結果,與原來之模型一致,驗證回歸實證模型。
The operation of financial institutions changes constantly. It transforms from traditional deposits and loans to securities brokers, insurance and self-investment. Finally, the financial institutions make the diversified income and they become financial holding companies, or integrated banks. In addition, there are more and more problems which are derived from the diversity of financial institutions. These problems even lead to the unstable economy. The diversification of financial institutions has become the most important method of operation. Therefore, this article focuses on the relationship between liquidity of the financial holding companies in Taiwan and the diversification of income. Furthermore, the article discusses whether there is a different impact on liquidity during the period of financial crisis and the period of non-financial crisis. Due to the problem of “Too Big to fail,” this article also considers the size effect of financial holding companies. I use the liquidity asset to deposits and short term funding debt as my dependent variable. The main independent variable is the absolute value of net non-interest income to summing up the absolute value of net non-interest income and interest income. Also, I set up a dummy variable to divide the period of financial crisis. Eventually, I use the logarithm of total asset to measure the size of financial holding companies. According to the results of my regression model, there is a positive correlation between non-interest income and liquidity and there is a negative correlation between the size and liquidity. To reinforce the results of the regression model, I use another dependent variable to do the robust test. The results of the robust test are the same as the main regression model. Thus, the results strengthen the regression model.
第一章 緒論 1
第一節 研究動機 1
第二節 研究貢獻 7
第三節 研究架構 8
第二章 文獻回顧 9
第一節 傳統銀行轉型 9
第二節 多元化收入來源具正面影響 10
第三節 多元化收入來源具反面影響 12
第四節 銀行流動性研究相關文獻 15
第三章 研究假說 17
第四章 研究設計 19
第一節 研究方法 19
第二節 回歸模型 20
第三節 敘述統計 26
第五章 研究結果 29
第一節 回歸模型實證結果 29
第二節 穩健性測試 34
第六章 結論 38
參考文獻 40



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