本論文主要探討台灣地區外商銀行合併本土銀行前後績效之變化,以 2007 年至 2008年的外商銀行與本土銀行之併購案作為實證研究對象,以財務之實證研究,透過財務報表之揭露,選擇以財務比率為分析工具,從眾多財務比率中,找出影響績效、利潤的主要變數因子,以比較併購前、後之經營績效差異。藉由各種財務比率連接績效、獲利之關連性,分析外商銀行併購前、後之經營績效有顯著關係之關鍵因素,以作為本土銀行後續永續經營規劃之參考。 本實證結果發現渣打等五家外商銀行併購本土銀行後,就其各類財務比率消長變化得知,營運績效獲致提升,並大幅降低財務槓桿比率,然營運績效提昇部分初期較不明顯,係因併購後仍處整合階段,加上營運成本上升,需俟整併完成,合併綜效陸續顯現後,方得呈現獲利跡象。如何使本土銀行在這波併購風潮下強化本身競爭之優勢與劣勢,並利用國際金融市場變動之未來趨勢,勇於克服環境威脅,本研究亦提出併購中可能發生之各類問題,均可作為國內、外金融機構進行併購時之借鏡與參考,達到雙贏之目的。
This study examines the benefits of acquisition of local banks by foreign banks in Taiwan. The analysis is based on comparing financial statements before and after the year of acquisition, My sample consists of five bank acquisitions over the period 2007 and 2008. The results indicates that there is an insignificant increase in operating profits, perhaps due to the fact there isn’t enough time to effect the improvements. However, the leverage ratios indicate significant improvements. This study provides the prospects of local banks when acquired by foreign banks. This information can be helpful in identifying targets or areas for improvements to avoid being acquired in an era of financial institutions settling up.