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研究生:曾澤元
研究生(外文):TSENG,TSE-YUAN
論文名稱:銀行國際化與流動性創造之關係
論文名稱(外文):Relationship between Internationalization and Liquidity Creation in Banking
指導教授:闕河士闕河士引用關係
指導教授(外文):CHUEH,HORACE
口試委員:葉仕國王健聰菅瑞昌闕河士
口試委員(外文):CHUEH,HORACE
口試日期:2017-10-27
學位類別:碩士
校院名稱:國立高雄第一科技大學
系所名稱:金融系碩士班
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:2017
畢業學年度:106
語文別:中文
論文頁數:75
中文關鍵詞:流動性創造國際化銀行業
外文關鍵詞:Liquidity CreationInternationalizationBanking Industry
相關次數:
  • 被引用被引用:1
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  • 下載下載:52
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傳統投資組合理論推論銀行國際化程度與流動性創造存在正向關係,但是代理理論與市場風險假說卻主張二者為負向關係。顯然,銀行國際化程度對流動性創造的淨效果為何,是屬於實證問題。為檢驗此議題,本文以 2005 年至 2015 年台灣銀行業 29 家本國銀行為樣本,採用 Berger and Bouwman (2009)提出的四個指標去衡量銀行的流動性創造,並檢驗銀行國際化程度與流動性創造之關係。實證結果顯示,國際化程度越高的銀行創造較少的流動性。此證據支持代理成本觀點和市場風險假說,但與傳統多角化假說的主張不一致。
The classical portfolio theory infers a positive relationship between bank internationalization and liquidity creation.However,the agency theory and market risk hypothesis deduces a negative relationship between internationalization and bank liquidity creation.The net effect of the pros and cons of international diversification is mainly an empirical issue.For a sample of 29 banks from Taiwan,we calculate four measures of liquidity creation proposed by Berger and Bouwman (2009) for the period from 2005 to 2015 and relate them to the degree of banks’ internationalization.The result shows that banks with higher degree of internationalization create less liquidity.The evidence is consistent with the viewpoint of agency costs and the market risk hypothesis but against the classical diversification hypothesis.
目 錄
中文摘要 ....................................................................................................................... i
英文摘要 ...................................................................................................................... ii
誌 謝 ......................................................................................................................... iii
目 錄 ......................................................................................................................... iv
表目錄 .......................................................................................................................... v
圖目錄 ......................................................................................................................... vi
第壹章 緒論 .............................................................................................................. 1
第一節 研究背景與動機 .................................................................................. 1
第二節 研究目的 .............................................................................................. 5
第三節 論文結構 .............................................................................................. 6
第貳章 文獻探討 ...................................................................................................... 7
第一節 銀行國際化相關文獻 .......................................................................... 7
第二節 銀行流動性創造之相關文獻 .............................................................11
第參章 研究方法 .................................................................................................... 18
第一節 研究架構與研究假說 ........................................................................ 18
第二節 變數定義與衡量 ................................................................................ 24
第三節 模型設定與假說檢定 ........................................................................ 30
第四節 樣本與資料來源 ................................................................................ 33
第肆章 實證結果與分析 ........................................................................................ 35
第一節 變數敘述性統計 ................................................................................ 35
第二節 銀行國際化與流動性創造關係分析 ................................................ 41
第伍章 結論與建議 ................................................................................................ 57
第一節 研究結論 ............................................................................................ 57
第二節 研究建議 ............................................................................................ 58
參考文獻 .................................................................................................................... 59
參考文獻
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