Ownership Structure, Supervisory Regulation and the Diversification Effects on Bank Performance

所有權、政府監理與銀行多角化績效

蔡湘萍(Hsiang-Ping Tsai) ； 張元晨(Yuan-Chen Chang) ； 賴冠宇(Kuan-Yu Lai)

《財務金融學刊》 17卷4期 (2009/12) Pp. 1-30

https://doi.org/10.6545/JFS.2009.17(4).1

摘要

本研究針對70個國家研究銀行的多角化策略效果。我們發現多角化銀行的績效不如業務集中的銀行。我們進一步分析主要股東的監督與主管機關的管制是否有助於降低銀行多角化對其績效的負面影響。結果顯示，在承平時期與金融風暴期間，國內主要股東都能有效減輕多角化的負面績效。雖然國外主要股東在承平時期能降低多角化負面績效，但此效果在金融風暴期間有所改變。相反的，我們發現雖然在承平時期政府持股與主管機關對銀行業務之限制對多角化績效有負面影響，但在金融生風暴期間卻對銀行多角化績效有穩定的效果。

關鍵字

銀行 ； 多角化 ； 所有權 ； 政府監理

並列摘要

This study examines the effects of banks diversifying into non-traditional activities. Using bank data from 70 countries, we show that diversified banks underperform their specialized peers. We further analyze and compare whether dominant ownership and supervisory regulation help constrain negative diversification performance of banks across different economic periods. The evidence suggests that domestic dominant ownership consistently has the strongest effect on restricting poor diversification performance. Foreign dominant ownership helps limit negative effects of diversification in good times, but this effect has changed during recent financial crisis. Though government ownership and activity restrictions on banks negatively affect bank diversification performance during stable economic periods. they may help stabilize bank diversification performance during turbulent periods of economic shock.

並列關鍵字

Bank ； Diversification ； Ownership ； Government Regulation and Supervision

參考文獻

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