- 學位論文
我國金融控股公司之經營績效研究
A Study on the Operating Performance of the Financial Holding Companies in Taiwan
摘要
由於近年來，全球金融體系已朝國際化、自由化、集團化、大型化轉變，金融業務綜合化已成趨勢。各國政府亦紛紛進行一連串金融改革加以因應，台灣自2001 年通過金融控股公司法後，陸續成立14 家金控公司，目前各金控公司已陸續進行併購其他金融機構之行為，以增加競爭力及發揮綜合營業效益。 面對如此之背景及趨勢，金融控股公司的規模及其經營績效之間是否存在著必然的相關性？在成立金控之前與成立之後，金融機構經營績效之變化如何？是否有達成當初成立金控之目的，金控公司是否可以運用旗下之所屬事業間的行銷通路、客戶資訊、營業場所及硬體設備，組合多樣化之金融商品、降低營運成本、達到發揮經濟規模之效益，藉以強化競爭力，提供一站購足之金融服務，就變得令人十分矚目了！ 所以本研究針對目前金融控股公司的經營績效進行研究，以傳統財務的觀點，進行金融機構加入金控公司前後及金控公司與非金控公司間之績效評估比較，主要的研究問題與目的如下： ㄧ、金融機構成為金融控股公司一員後，獲利能力是否會提升？ 二、金融機構成為金融控股公司一員後，效率是否會提升？ 三、金控旗下之子公司，是否比非金控之相關金融機構有較佳之經營績效？ 本文研究對象為國內之十四家金融控股公司及已上市櫃之金融單位，對其經營績效進行評估，以財務衡量指標及訪問專家的觀點，進行金融機構成立或加入金控公司前後及金控公司與非金控公司間之績效評估比較，並就目前我國金控公司之優勢、劣勢、機會、威脅（SWOT）做分析，再提出本人之建議策略，提供金控業者及政府相關部門參考。
並列摘要
Global financial industry has steered towards internationalization, deregulation, consortium, and enlargement in recent years; financial business diversification became a trend. To cope with the changes, governments adopted a series of financial reforms. Fourteen financial holding companies have been established in Taiwan since the Financial Holding Company Act passed in 2001. Currently, financial holding companies have started the merge and acquisition of other financial institutions to enhance competitiveness and bring synergy into play. Under such background and trends, is there a logical correlation between the size of financial holding company and its operating performance? Before and after the establishment of financial holding company, how has its operating performance changed? It has become a critical issue whether or not the purpose to establish a financial holding company has been able to achieve its objective – to strengthen competitive ability and provide one-stop-shopping financial services by utilizing its subsidiary entities’ selling channels, customer database, business locations and facilities; composing diverse financial products; reducing operating cost; and obtaining the effect of economy of scale. This study focuses on the operating performances of current financial holding companies. It is to evaluate, and to compare the performances of financial institutions before and after joined financial holding companies as well as between financial holding companies and non-financial holding companies with a conventional financial point of view. Major study topics and objectives are as the following: 1. After joining financial holding companies, does financial institutions’ profitability increase? 2. After becoming members of financial holding companies, does financial institutions’ efficiency increase? 3. Do subsidiaries of financial holding companies have better operation performances in comparison with non-financial holding companies? Subjects of this study include fourteen financial holding companies and other listed financial institutions. Using financial measurement indicators and interviewing experts’ opinions, the current study evaluated and compared the performances of financial institutions before and after established or merged financial holding companies, as well as between financial holding companies and non-financial holding companies. In addition, strategic suggestions are addressed based on the SWOT analysis of Taiwan financial holding companies to the financial sector and relevant government agencies.