- 學位論文
非利息收入在不同金融與政治限制下所扮演之角色
The Roles of Non-interest Revenue of Different Financial and Political Constraints
摘要
由於傳統商業銀行從事的存放款業務，在金融自由化解禁的浪潮下，利差(Spread)愈來愈低。非利息收入目前已經成為銀行收入的重要來源之ㄧ，並且大多數的銀行認為非利息收入是銀行收入的穩定來源。然而，根據 Stiroh (2004)的文獻指出，銀行增加對於非利息收入的依賴並不能降低銀行的風險程度。DeYoung and Roland (2001) 認為當費用基礎的業務增加時，會連帶的增加銀行的收益與利潤的變動程度。本篇以11個國家，518家商業銀行的Panel Data，欲從不同開發程度的國家之觀點出發，探討在不同的政治、金融限制背景下，商業銀行之非利息收入變化。針對影響非利息收入比重因素、銀行風險報酬因素進行分析，接著再進行近似無相關迴歸分析法 (Seemingly Unrelated Regression) 分析商業銀行風險報酬之關係。本文的貢獻主要在，探討各國商業銀行收入與銀行風險之關係，藉此討論增加非利息收入乃時勢所趨，或者只是迷思。發現所得水準與政府管理能力對傳統活動、非傳統活動之非利息收入業務的發展有重要之影響。在政府管理能力愈清廉之國家下，銀行可以有能力去發展非利息收入相關的業務，但不應一味的投入非傳統活動之非利息收入業務，而放棄本業經營。在風險調整後之報酬分析，也有一致的結論。
並列摘要
Recently, resulting from deregulation of the financial industry, there has been a shift in the profitability of banks from traditional banking activities to fee-based activities. Non-interest incomes have become one of the most stable revenue sources for most banks. However, Stiroh (2004) noted that the level of risk will not be reduced by increasing reliance on non-interest incomes. DeYoung and Roland (2001) also indicated that increasing fee-based activities will result in higher volatility of bank revenue and bank earnings. In this study, the panel data are taken form 518 commercial banks in 11 countries over the period from 1997 to 2006. Though data analysis, the author aims to understand the potential factors that affect bank’s income. Besides, by using the method Seemingly Unrelated Regression, the author also wants to explore the relations between the incomes of commercial banks and the level of risk. Results of this study showed that bank incomes are heavily influenced by government’s policy toward banking activities. To conclude, this study may be of importance in explaining the dynamic factors that affect banks’ incomes as well as in providing banks with a better understanding of earning profits from other resources rather than only focusing on non-interest activities.