金融控股公司經營效率之研究

Financial Holding Company Management Efficiency

曹常鴻(Chang-Horng Tsao) ； 謝宇婷(Yu-Ting Hsieh)

《立德學報》 6卷2期 (2009/06) Pp. 32-42

https://doi.org/10.7080/JLU.200906.0032

摘要

本研究探討金控公司成立前後三年橫斷面的效率分析。首先，我們檢視營收面、資金面、報酬面差異分析。在整體營收面呈現開發金及國票金較仰賴放款收益來源。至於在資金面部份，所有金控公司都呈現對存款性質資金依賴，有下降之趨勢。最後，探討報酬面部份，除台新金、新光金呈現轉爲金控公司後，報酬有改善跡象，其於12家未見報酬之成長。
進而，本研究再透過DEA法對14家金控公司進行成本效率分析，研究發現在未改爲金控公司前，有九家銀行呈現最佳效率（等於1），改爲金控公司後，最佳效率值由九家增加爲十家。其中尤以新光銀轉爲金控公司後，其效率值提升最爲顯著。
最後，本研究將金控公司分爲公營、私營兩群，進行營收面、資金面及報酬面差異分析，研究顯示除報酬面（一利息收入／總資產）顯示公營優於私營金控公司，其餘都未呈現差異之傾向。

關鍵字

金融控股公司 ； 資料包絡分析法DEA ； 經營效率

並列摘要

This research investigates Financial Holding Company efficiency. First, we investigate differences in earning, capital and returns. With regard to earnings, China Development FHC and Water1and FHC depend more on loans. As for capital, FHC reduced its saving fund. Finally, with regard to returns, Taishin FHC and Shin Kong FHC (SKFH) improved their returns, but the other 12 FHC showed no increase.
DEA methodology was used to evaluate the X-efficiency of Financial Holding Company. The research found that nine banks had Efficiency Value (1). When these banks changed into FHC, the numbers of companies with the best efficiency value (1) increased to 10. The highest increase in efficiency was achieved by SKFC.
Finally, the research separated FHC into public and private subgroups, conducting earning, capital and return difference analyses. We found that excep for returns (interest income/total assets), in which public companies performed better than private FHCs, there were no other significant differences.

並列關鍵字

The Financial Holding Company ； Data Envelopment Analysis DEA ； Management Efficiency