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    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/73005
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/73005


    Title: DO MERGERS IMPROVE THE EFFICIENCY OF BANKS IN TAIWAN? EVIDENCE FROM STOCHASTIC FRONTIER APPROACH
    Authors: Lee, Tung-Hao;Liang, Lien-Wen;Huang, Bor-Yi
    李桐豪
    Contributors: 金融學系
    Date: 2013-03
    Issue Date: 2015-01-19 14:39:53 (UTC+8)
    Abstract: Banking consolidation is a global trend, but in Taiwan, after the failure of the Second Financial Reform, it does not have a clear policy for bank mergers. This paper investigates whether mergers influence the cost efficiency of banks in Taiwan, and our results suggest that the government should utilize market mechanism to encourage FHC or large banks. mergers. We use the method of stochastic frontier approach (SFA) to investigate the uncertain relationship between merger and the cost efficiency of Taiwanese banks. Based on Battese and Coelli (1995), we use maximum likelihood estimation method to estimate the stochastic cost efficiency model and the inefficient model simultaneously. We find that, for Taiwanese banks, technology efficiency increases with time by lowering operation cost; cost efficiency decreases right after merger, and has to wait for three years to regain efficiency. The larger banks and FHC banks benefit more from cost savings than smaller banks. [PUBLICATION ABSTRACT]
    Relation: The Journal of Developing Areas, 47(1), 395-416.
    Data Type: article
    Appears in Collections:[金融學系] 期刊論文

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