經濟效率與經濟公平，是經濟學中最具爭議性的議題之一。俄羅斯自1992年開始由計劃經濟轉型為市場經濟，政府的首要目標就是追求經濟效率的提升，相較而言對於經濟公平的問題較不重視，因此，在轉型的過程中社會所得分配差距持續擴大，最終導致兩極化分配結果。 本文透過文獻整理和統計數據對比分析論證方法探究1992至1997年間俄羅斯轉型政策對其所得不均惡化之影響。首先，藉由俄羅斯轉型前、後所得不均指標之對比，以及其與同時期其他中所得國家和轉型國家之比較，暸解俄羅斯所得不均情況，證明俄國轉型後所得分配惡化程度。其次，由私有化政策、自由化政策、穩定化政策以及社會救助政策等四個層面，分析俄羅斯轉型政策如何影響其所得分配。最後，說明已經是市場經濟體且被譽為金磚四國之一的俄羅斯，其近年來亮麗的經濟成長表現和普欽總統之社會救助政策，對其所得不均皆尚未產生改善效果，故1998年後的俄國所得分配狀況仍値得改以市場因素和相關政策等方面作為觀察重點，進行後續研究。 關鍵詞：俄羅斯、所得不均、私有化、自由化、穩定化、社會救助政策 / Economic efficiency and equity have always been one of the most controversial issues in the economics. Russia began the transformation from a planned economy to a market economy since 1992, and during the process of transformation, the primary objective of the Russian government was to enhance economic efficiency, by contrast, the economic equity was less emphasized. Therefore, the inequality of income distribution had become more and more serious. At the end, it led to the polarization of income distribution. In this study, literature review, comparative analysis and statistical data analysis methods will be used to explore how Russian transformation policies had resulted in the aggravation of income inequality between 1992 and 1997. First of all, in order to clarify the income inequality in Russia, some income inequality indexes of Russia before and after the transformation will be compared, and by the comparison with other mid-income and transformation countries in the same era, we can identify the aggravation of income distribution after the transformation. Secondly, how Russian transformation policies had influenced income distribution will be analyzed from four aspects: privatization policy, liberalization policy, stabilization policy, and social assistance policies. Finally, author interpret that although Russia has moved towards a market economy and become one of the BRICs (Brazil, Russia, India and China) countries in recent years, its brilliant economic performance with Putin’s social assistance policies have not yet improved the situation. Therefore, author suggests that the further research on Russian income distribution after 1998 is better to focus on market factors and related economic policies. Keyword: Russia, Income Inequality, Privatization, Liberalization, Stabilization, Social Assistance Policy

台新金控購併彰化銀行可以說是台灣金融業擬以融資購併方式進行合併的第一案，本研究希望透過分析此個案，了解台新金控購併的目的、資金來源與後續合併換股可能衍生之議題，為未來公股釋出，以及金融整併提供可行之方法。 本文就融資購併理論架構說明起，以當前台灣金融政策與購併環境現況分析，這包括實際已發生的金融購併案件及金融購併法規探討，它突顯出台灣在金融合併處理上是保守的。 / / The M&A of Taishin Holdings Cooperation (THC) and Chang Hwa Bank (CHB) could be regarded as the first M&A (Merge and Acquisition) by LBO ( Leverage Buy-out) in Taiwan. This study, by analyzing this case, discusses the purpose, the funding source of THC and the issues after shares-exchange, which indicates the feasible methods for the release of the state holdings and the combination of the financial institutes in the future. The beginning of this study discusses the theory and the structure of LBO to analyze the financial policy and M&A environment in Taiwan at present, including practical M&A cases and legal problems etc., which reveals not very aggressive. /

法律衝突係國際私法之主要研究對象，凡涉外法律關係所應適用之法律，必與兩個以上之國家法律發生牽連，究應適用何國法律以為解決，此乃國際私法所欲研究之課題，因此，尋求妥適之準據法，應為國際私法學研究重心之一。而不同之法律關係，例如：結婚之方式、夫妻財產、監護、遺囑、侵權行為、契約等等，在尋求連結因素（Connecting Factors, Points of Contact）之際，均有其各自考量，或與主體（Subject）有關，或與客體（Object）有關，或與行為（Action）有關，或與當事人之意思有關。 就有價證券處分行為之準據法而言，因跨國金融業務之蓬勃發展、有價證券之無實體化發行、集中保管及帳簿劃撥交易之普及運用，或有價證券之實體權利證書由集中保管機構統一保管，交易時不必實際移轉有價證券權利證書之實體，甚至發行人發行有價證券，並不發行實體證書，有價證券係直接在網際網路上，以虛擬之數字交易，直至有價證券賣出變現，並且投資人至金融機構或提款機提領現金之那一刻，該財產始轉變為有形之實體鈔票，此致傳統與「客體」及「行為」有關之「物之所在地」或「權利成立地」連結因素，面臨空前挑戰，從而在國際金融需求下，不得不有所調整，以尋求更為妥適之準據法。本論文即在說明有價證券處分行為之傳統準據法為何？其有何缺失？在現代有價證券之交易架構下，哪些有價證券不宜再適用傳統之準據法，而宜採取如何之新準據法？ 本論文於第一章敘述所欲解決之問題、研究動機、目的、方法後，即依下列順序鋪陳分析，以求獲致研究成果。 本論文之第二章，擬先敘述有價證券處分行為之傳統準據法，包括有價證券之概念、處分行為之意義、有價證券處分行為傳統之準據法為何，以及在實務上，傳統之準據法有何窒礙難行之處，並藉此釐清需重新探詢其準據法之有價證券有哪些，或符合何種特徵之有價證券，係有必要重新檢討並特別另行規定其準據法者，復接續於第三章中，說明當代跨國有價證券之交易架構，以及可能做為新準據法有哪些，以便後面各章之論述，能針對不再適合適用傳統準據法之有價證券，提出新準據法之立法論。 在理解具有何種特徵之有價證券，始有特別規定其處分行為準據法之必要後，本論文於第四章開始探究應如何獲致妥適之準據法？在探討何為妥適之準據法前，其先決問題，係究竟應以何種原則或態度，來找尋妥適之準據法？申言之，即究竟應採行剛性或彈性之選法規則？因此本論文擬於此章中，將特別說明時下流行之彈性或開放性選法規則，似無法全面適用於所有國際私法領域，其中特別注重預見可能性，以保障交易安全之案件，尤需適用剛性選法規則，而需單一而固定之準據法，基於同一原理，反致理論亦不適用於有價證券之處分行為。此際準據法之規定，並非實現實體法規之價值判斷與利益衡量，而係金融政策之工具或手段，因此亦需附帶論述國際私法之工具論，並彰顯「選法規則實體法化」之論點有時而窮。 承接本論文第四章，在理解為達金融政策及交易安全之目的，致有價證券之處分行為，需單一而固定之準據法，並排除反致之適用後，本論文第五章開始尋找究竟採用何準據法較為適合？首先應觀察相關學說、先進國家立法例及國際公約，俾明瞭國際走勢趨向。 分析國際趨勢及相關學說後，本論文於第六章檢討我國涉外民事法律適用法之草案條文，並於第七章總結論點，並提出能與國際接軌，且符合我國法制之立法論供參。

「社會行銷」概念與技術於1971年由學者Kotler & Zaltman提出，為首次行銷概念技術擴大應用至非營利部門在社會公益上的研究。行銷學者Kotler認為，社會行銷可擴大應用至社會各領域的公益推廣，包含公部門。由是，本研究基於擴大化應用的精神，以我國環保機關推動之「不燒紙錢宣導政策」為個案，探究行銷概念擴大化後，公部門在行銷理論基礎上，即交換理論在公私部門差異上導致社會行銷分析公部門個案時產生哪些差異？以及社會行銷擴大應用至公部門，在理論基礎上有哪些問題？同時以社會行銷概念及技術對個案進行分析。 因此，本研究在研究方法上，以個案研究的方式，先進行社會行銷及交換理論在公私部門差異的文獻基礎進行一回顧與整理，再依研究目的與問題針對理論基礎設計深度訪談的問題，依目的性抽樣原則尋找最能符合本研究目的之訪談者進行深度訪談，共十一位。訪談完成即整理逐字稿以進行後續分析。 經本研究分析，在理論面及實務面均提出研究貢獻與建議： 一、理論面： （一）社會行銷因為公私部門在本質上存有差異，導致源自於私部門的行銷理論基礎─交換理論，用於分析公部門社會行銷政策時，在各社會行銷步驟中均產生差異。 （二）交換理論自利假定在公私部門中產生差異，因此有關法律強制力、公民及消費者、自願交換關係及通路概念在未來社會行銷擴大應用至公部門時，有理論適用上的問題。 二、實務面： （一）「不燒紙錢宣導政策」經社會行銷八步驟分析，屬於同社會行銷概念及技術的行銷個案，但因其為公部門推動者，故在細部特徵上有公私部門假定上、本質上的差異。 （二）「不燒紙錢宣導政策」的推動，雖滿足公共利益的需求，但執行過程中直接法源不明確、推動組織鬆散、忽略利害關係人權益為實務需加強之處。 / The very concept of “Social Marketing”, first introduced by Philip Kotler and Gerald Zaltman, is used to apply marketing techniques to the area of nonprofit organizations to promote public interest. In Kotler’s mind, marketing techniques can be applied to both public and private sectors. However, whether this application adequate is needed to be answered. In this thesis, author uses a case named “campaigning the policy against burning golden papers in worship” implemented by the R.O.C government as an example to examine the adequacy of the “Exchange Theory” behind the concept of social marketing to understand marketing cases in the public sector. In order to find the conceptual problems through case study, author first adopts the eight stages of social marketing to describe the case throughout. Then, author design several interview problems to ask various actors who related to the case. Finally, author combines theoretical arguments, case details, and qualitative data from in-depth interview to analyze the adequacy of applying exchange theory in public sector through social marketing. Several findings are presented as follows. First, many differences were found in all the eight stage of social marketing. These differences illustrate many possible inadequacies of applying marketing techniques, supported by exchange theory, to public sector. Second, based on the above differences founded, the intention of broadening the concept of marketing to non-profit organizations should take them into considerations. Especially, the strategic marketing scheme, such as 4Ps, should be reevaluated according to the findings. Thirdly, practically speaking, there are supporting factors to make a marketing campaign successful in public sector: ambiguities in regulation, lack of solid implementation organization, and the missing of stakeholders opinion collection and interest-protection activities in the process.

摘 要 本研究旨在探討臺北縣市公私立高中職學校行銷策略實施現況。為達研究目的，首先係從臺北縣市公私立高中職學校的發展概況切入，探究臺北縣市區域、人口發展與高中職發展之因果關係，進而了解目前高中職學校在少子化及教育市場自由化的趨勢及衝擊下，所引發之經營困境，並利用問卷調查方法，以百分比、次數分配、平均數、標準差、t考驗與單因子變異數等方式進行統計分析，探討學校最佳行銷方式、最優先之行銷對象、學校行銷的主要功能、與不同學校背景變項實際運作行銷策略之狀況及差異情形，以期提供學校訂定最適宜且有利學校永續經營的行銷策略之參考。 本研究依研究目的所獲得之主要研究結論有以下幾點： 壹、臺北縣市公私立高中職學校在推展學校行銷方式上，認為以「設置學校行銷組或公關組--由副校長或校長秘書兼任組長」、「成立跨處室的行銷小組--由校長指派處室主任兼任組長」與「校長親自負責」之方式最佳。 貳、現行臺北縣市公私立高中職學校行銷策略，各項策略之通用性皆極高，尤以「產品策略」與「價格策略」最受重視，而對於「通路策略」、「人員策略」及「推廣策略」則展現較低排序。 參、臺北縣市私立高中職學校在學校行銷的認知、推行與執行困境的感受程度較公立高中職校為強，且高職的危機感較高中更為明顯，顯見現行私立高中職學校的辦學壓力，亟待重視。 關鍵字：臺北縣市公私立高中職、學校行銷策略 / Abstract With the intent to research the status quo of the marketing strategy for the public and private senior high and vocational senior high schools in Taipei City and Taipei County, this study is initiated into a profile of the development of the senior highs in Taipei, which explores the effect of the development of regions and populations on that of senior highs, moreover, probing into the managing difficulties resulted from decreased births and the liberalized educational market. By using poll-taking method, which employs the statistical analysis of percentage, frequency distribution, average, standard deviation, t-test and single-factor-coefficient of variation。 This survey quests for senior high schools’ optimal marketing strategies, the first-priority marketing target, major effect of school marketing, varied practical adaptation in marketing based on different factors of school background, hence, a reasonable guideline emerges for schools to constitute their most adapted marketing strategies that facilitate their sustainable management. The principal conclusions extracted from this research are as follows: 1. As far as school marketing is concerned, the following are currently being widely regarded as best approaches among the senior high schools in Taipei City and Taipei County: A. Setting up a school marketing section or PR section with a section chief concurrently assumed by vice-principal or secretary of the principal. B. Instituting a trans-departmental marketing section with a concurrent chief directly assigned by the principal from one of the section chiefs of the faculty. C. Being under the charge of the principal’s own fair hand. 2. Among the senior high schools in Taipei, the prevailing marketing strategies are highly universal, among which the “product strategy” and “pricing strategy” are especially emphasized, while “marketing channels,” “sales force strategy” and “promotion strategy” are ranked in lower priority. 3. In both Taipei City and Taipei County, with regard to the cognition, promotion and execution of school marketing, private senior high schools perceive more difficulty than public ones, hence, vocational schools appreciate stronger sense of crisis, revealing the crucial pressure on the survival of the private vocational senior highs. Key Words: The public and private senior high schools and vocational high schools in Taipei City and Taipei County, School Marketing Strategy

本研究旨在探討從國際法及權力政治的歷史所呈現出的觀點來看，以武力直接或間接達成國家利益的案例不可勝數，但隨著國際私法的發展，武力的使用已不再是單憑主觀意識即可決定。縱然超強如美國亦不得不在國際法的規範下，謹慎行事。本論文以美國黑水公司為例，黑水公司為什麼能在伊拉克為所欲為的原因在於他們享有不受法律制裁的特權。美國在2000年實施《軍事超領域管轄權法》，允許美國法庭懲治在海外的私人保安公司，但適用對象僅為國防部雇用的保安公司和其他軍事服務企業。黑水安全諮詢公司等受雇於美國其他機構的保安公司，卻不受此法約束。黑水公司在伊拉克除積極以美國政府之名義獲取私人公司之利益，同時亦枉顧伊拉克人在當地國所應享有之權力，著實應詳細探討。 目前國軍因應精實案、精進案等各項裁軍計畫，讓學有專精又具備多年軍事素養之優秀軍人大量回歸社會，國軍未來進行裁軍而改為募兵，乃可預見之趨勢，因此，國防部可參考美軍計畫，將國防事務做有效之區隔後，分批外包，廢棄營區也可出租給私人保安公司，退除役輔導委員會將已退役之軍、士官，聘回輔導委員會成立之保安公司亦或公開競標，由專門擔任訓練之軍、士官職掌訓練業務，仿照美軍由國防部訂立標準，要求所需之標準戰鬥人員，免除國內之關說民情，達到量少質精之目標。並將研究發現做成建議提供我國建軍備戰參考。 未來戰爭將超出傳統戰爭型態，除視科技發展而定外，僱傭軍型態之發展與影響更難以推估，黑水事件揭露職權問題的合理性，並且促使美國與伊拉克政府方面對於此問題深入調查。黑水保安人員濫用職權的問題至今仍時有所聞，若要解決此問題，最後仍需要美國政府的規範與協調一切有關黑水公司的權利。美國若自認為是維護一切世界事務和平的領導者，便應以身作則，維護人道精神，否則倘其自身都不願實現人道的原則，其他國家又怎能做起？此確實值得筆者深思細考。 本論文之研究範圍包括美國黑水公司成立之源起、黑水公司保安人員所涉及之法律議題、人身安全與國際私法之實踐、人身安全私有化之發展及趨勢等。

本研究主要在討論中國大陸改革開放後，私營企業的發展歷程。我們從1978年十一屆三中全會的政策方針切入，發現改革之初私營企業並非中國改革開放的主軸。當時著重以農村經濟改革為主的政策規劃，而一連串的農村經濟改革計畫實施之後，刺激了農村生產經營的積極性，提高生產效率，改善農民生活，更產生農村剩餘勞動力。 然而當中國大陸政府亟欲轉移大量農村剩餘勞動力時，鄉鎮企業卻意外地異軍突起，及時吸納當時的農村剩餘勞動力。但是十二屆三中全會以後，中共中央的政策急轉，確定朝以城市，和對外開放為主的經濟改革政策邁進，導致鄉鎮企業的發展面臨激烈的市場競爭，必須改制，便無法再足夠吸納農村剩餘勞動力。此時中共中央為轉移農村剩餘勞動力，而發展私營企業。 綜觀私營企業的發展歷程發現，其與對外開放政策有著密不可分的關係。因此本文選擇當時作為對外貿易重要窗口之一的廈門經濟特區作為田野研究地點，以進一步觀察中國大陸改革開放後，私營企業的興起過程。 我們從田野研究經驗觀察到中共中央為貫徹招商引資改革政策，逐漸放寬對私營企業的限制，而廈門作為對外貿易的重點城市之一，為響應中央政策更積極廣徵土地，設置廠房，吸引外資進駐。伴隨著大量外資湧入廈門後，不但提升城市的經濟，還創造許多勞動力就業機會，吸引外來工紛紛進城務工。只是礙於城鄉二元分制的限制，使當地存在勞動力高速流動的問題，造成私營企業發展的困擾。 因此，為減緩勞動力高速流動的狀況，「廈門金日傘業有限公司」的創業主透過「中國式企業管理模式」，建立企業中超經濟的管理制度，減緩勞動力快速流動的現象，為我們研究廈門私營企業與勞動力的關係提供一個適合的環境。 為求更理解「中國式企業管理模式」的特色，我們特別納入「東雨」的現代化企業管理模式與金日的管理模式作對照，透過對兩種管理模式的分析研究，進而提供「金日」未來發展可行的建議。

台灣自第一階段農地改革後，逐漸有為降低生產成本與提高農民收入之大規模策略出現。本研究定義出台灣歷經包括農業生產專業區、農地利用綜合規劃之共同經營班與其後之產銷班、稻米產銷專業區與農業經營專區等四種大規模策略之農地集團化利用階段，是在公共秩序之法規命令，與集團成員契約簽訂所建立之私人秩序下而得以成立運作，符合混合式治理的特徵；而此治理理念的應用，可以新制度經濟學中微觀的角度，對組成各階段公共秩序和私人秩序的規則和執行機制，進行治理結構之比較分析。此係分別展現公共秩序與私人秩序規則中，誘因和安全措施是如何的賦予，與集團運作時是藉由第三者執行或自我執行之執行機制，以分析各農地集團化利用階段所採行的混合式治理，其治理結構如何具有階層與市場屬性程度的差異，進而探討所呈現的變遷趨勢，供政府對農地集團化利用輔導之策略擬定，與營運主體設計契約化私人秩序時之參考。研究發現在市場越來越競爭之下，台灣各農地集團化利用階段之治理結構，不僅於規則中誘因的提供與安全措施的設置朝向由私人秩序賦予，更從集團之規劃召集、與集團成員行動的裁決等，都趨向依私人秩序訂定條款，由集團成員自我執行。故政府對農業經營的混合治理，在逐漸有由營運主體自發地根據公共秩序組織集團，擬定私人秩序自我執行運作的趨勢下，建議可增強公共秩序需對私人秩序治理結構之支持，並於公共秩序執行排除考量給予改善之機會，讓農地集團化利用更具競爭力與建立永續發展的空間。 / In Taiwan, after the first farmland reform, an integrated strategy has been adopted to pursue lower production cost and higher agricultural profit. This study defines four stages of integrated farmland use in Taiwan, i.e. Agricultural Production Special District, Agriculture Production Section and Production Group, Rice Production Special District, and Special Agriculture Enterprise District. Those stages of integrated farmland use have characteristics of hybrid governance which are established under laws i.e. public ordering and contracts among members of groups i.e. private ordering. The idea of hybrid governance, derived from the New Institutional Economics, is a micro-analytic point of view and can be employed to conduct a comparative study on governance structures. The governance structures, namely the rules and the enforcement mechanism in the public and private ordering of every stage, are analyzed and compared. How incentives and security measures are adopted in the rules and whether third party enforcement or self-enforcement is used in the enforcement mechanism of the public and private ordering are provided. After the analysis of hybrid governance structures, differences on their hierarchy and market orientation will be revealed. In Taiwan the governance structures of integrated farmland use has a tendency of market orientation and private ordering. The result can be considered by the government in deciding the policies for integrated farmland use, and can help the operating group to formulate private contracts for their own private ordering.

財富管理源起於私人銀行，服務對象為高淨值資產之客層。金融監督管理委員會為促進國內金融環境發展健全，於2005年2月間頒布「銀行辦理財富管理業務應注意事項」、2005年7月間頒布「證券商辦理財富管理業務應注意事項」、2006年1月核准「人身保險業辦理財富管理業務」。規範人身保險業從事財富管理業務之範疇，歸納為人身保險業針對高淨值客戶，透過人身保險業務員，依據客戶需求，提供資產配置或財務規劃等服務，而高淨值客戶之條件，由人身保險業自行依據經營策略訂定。 隨著人口老化、財富愈趨集中、經濟環境之變遷，金融控股公司資源整合與金融監理相關法規逐漸完備等因素，人身保險產業由擅長提供人身保險商品，延伸至理財規劃及資產管理諮詢服務，也延伸經營管理相關問題，本研究就國內人身保險業經營財富管理業務，針對人壽保險公司實施財富管理業務提出建議： 1、加強財富管理業務之風險管理：應加強經營財富管理相關業務的經營風險辨識，進而提出有效的風險管理制度與政策。 2、強化內部稽核制度有效性：在兼顧經營效率下，建立有效稽核制度，使企業成為一個有機體。 3、確實瞭解客戶並落實客戶風險告知：一套瞭解、認識、接近客戶並取得客戶信任整合流程，是發展財富管理業務的關鍵。 4、提升業務人員教育訓練及專業培養：專業知識、教育訓練、管理規範及資訊系統輔助，使人員服務品質提升，更可以有效傳遞並確保客戶權益。 5、強化保險商品創新與財富管理市場定位：以人壽保險產業深入服務優勢，搭配商品服務及通路創新，以獨特性及附加價值，奠定財富管理定位。 同時亦探討現行保險監理機關監管財富管理必須重視的議題，如何明確定義人壽保險業者經營財務富管理業務檢查要點，修正財富管理業務需有獨立權責部門規定及開放投資型商品設計及管理費議題。本文同時評估現行人身保險業者經營財富管理業務之效益評估，並作為監理機關監管財富管理業務時參考。 / The “Wealth Management” service was created by private bank. It is designed to serve the customers with high net worth. In order to improve the financial environment to be well managed and to be wealthy developed, the Financial Supervisory Commission Committee announced the terms of “The Notice of Wealth Management Business for Banks” in February 2005, “The Notice of Wealth Management Business for Securities” in July 2005. The “The Rules for Life Insurance Companies Hosting Wealth Management Business” had been permitted to be announced in January 2006. It defined the business scope for life insurance companies to promote the wealth management business. The purpose of the wealthy management service sold by life insurance companies is targeted to serve the life insurance customers with high net worth. Through the life insurance sales, the life insurance companies can offer the capital allocation, financial planning based on customers’ request. For the criteria of “High Net worth” customers, it can be defined by each life insurance company. Due to the average age of population is becoming higher, wealth is becoming to be concentrated, economic environment situation is changing intensively, the financial holding companies integrated the resources, the rules of financial supervision is becoming completed, such kinds of change offer the opportunity for life insurance companies to extend their business scope to the territory of the consultant service for financial planning and wealth management. Such kind of change creates some administration and management issues. So the purpose of this study is to survey the current situations of wealth management business of life insurance to try to find the suggestions for the below topics. 1.Empower the risk management for wealth management business: How to empower the risk identification capability to propose the effective rules and policies for risk management. 2.Improve the internal audit mechanism to be more effective: How to establish or improve the internal audit mechanism without affect the business and company operation. 3.Learn more about the customers and solid executing the risk notification to customers: How to establish an effective SOP for realizing the customers’ exact requirement, approaching the customers and getting the customers’ trust. 4.Enhance the sales education training to enhance the service quality and empower the business competition ability: By integrating the IT resources and business management to establish an organized/effective sales education training package for improving the sales knowledge and business domain know how. 5.The enhancement for life insurance product creativity and clear marketing positioning ability/core competence for wealth management business: Taking the advantage of the existing sales network, combining the creative product, service and channel profile to establish the specialty and core competence. Meanwhile, this study tries to highlight some key issues like “the important topics shall be focused by the insurance supervision institute”, “the definition of the check points for the wealth management business of life insurance companies”, “how to revised the relative rules to request the wealth management business must be performed by the independent department”, “release the permission for the designation of Investment-oriented merchandise and management fee”. This study also makes the performance evaluation for the wealth management business of life insurance companies. It would be the valuable reference data for the relative supervision institute of government.

臺灣之證券及期貨市場及相關單位是否合併、如何合併，自2003年起便有相關的討論出現，期間也因許多因素使此政策一變再變，遲遲無法達成共識並實行。 　　整併是否必為正面效應，衡量之標準及時間並無標準，由不同的角度或時間觀之必有不同，因此本文將不著重在是否應整併及整併之利弊分析上，而是以既定之整併政策方向為前提，觀察他國整併實例，嘗試找出適合臺灣的整併模式及分工。 　　證券及期貨市場及相關單位的整併除了不同模式間之選擇問題外，更大的難題乃是在於整併時之法律問題及整併後面臨最大的難題－交易所之公益角色與營利目的之衝突；前者我國已有採取控股公司模式之定論，也為理論上較適於我國之模式，後者則是本文的討論重點──如何維護交易所之公益功能，包括相關法令規範的建置、交易所控股公司及旗下相關子公司之自律，以及政府之妥善監理等。