本文利用可以同時捕捉到銀行增加意欲產出、減少投入與減少非意欲產出的方向距離函數，評估台灣銀行業與個別銀行在民國93年至97年的無效率值與生產力變化。設定逾期放款為銀行生產放款時的非意欲產出，以考量銀行的放款品質，也考慮到銀行都會付出成本來提供服務給存戶，因此以交易性存款作為銀行提供服務的替代變數，使銀行的服務包含在效率評估內，並以固定的方向向量作為無效率值加總的基礎，來衡量台灣整體銀行業的無效率。實證結果是台灣銀行業的無效率值隨著雙卡風暴的遠去，有逐年遞減的趨勢，生產力的變化則是退步的情況較多。 / In this paper we estimate Taiwanese banks’ efficiency and productivity change during 2004-2008. The estimates are derived from the directional distance function. We treat non-performing loans as an undesirable output arising from the production of loans to measure the quality of loans. Considering every bank would make costs to serve customers, we choose transaction deposits as an alternative variable to capture the service provided by banks. The way we set the directional vector allows the aggregation of individual bank inefficiency and productivity change to the industry level. Our findings indicate that inefficiencies of Taiwanese banking industry were decreasing after the over of credit and cash card debts. And Taiwanese banking industry experienced productivity regress during this period.

This paper emphasis on the importance of default correlation, and also illustrate how the concept is connected with the Basel Ⅱ framework’s intention. Moreover, the paper brought out the different methodologies used by practitioners to arrive at the default correlation calculation, namely, the dispute between asset correlation and equity correlation. Furthermore, based on the model proposed by Hamerle, Liebig, and Scheule (2004), a panel logit model is set up to capture the relationship between the default events and the risk components endured by the specific industry. The model is therefore used to test the applicability of such model using Taiwan’s banking industry data. The result is consistent with our expectation about including the macroeconomic variables which will help to explain the default events happened within the banking industry. But, to my surprise, the proposition about the contemporary systematic random risk effect seems to be insignificant and a fixed effect is suggested to be assumed instead.

合庫與農銀的合併是國內首宗公股銀行的合併案，國內一些學者從銀行的的相關財務比率來探討本案是否有合併綜效。但是銀行的經營動能來自於分行，合併後分行是否能有效提升其經營績效，才是關係著合併綜效是否能持續發揮的關鍵。因此，本研究試圖比較兩家公股銀行合併後分行績效是否提升，來檢視合併的成果。 本研究係以合庫與農銀合併前後三年即民國92年至民國98年間的分行做為研究樣本，實證結果發現合併後分行的整體技術效率、純粹技術效率及規模技術效率均較合併前高，合庫端分行的整體技術效率、純粹技術效率及規模技術效率均較農銀端分行高，顯示合併確實有合併綜效效果。在各項影響分行經營績效的變數中，區域是影響分行經營績效的最主要因素，次要的影響變數是業務類型、城鄉、營業規模及壞帳率。 / The merger of Taiwan Corporative Bank (TCB) and Farmers Bank of China (FBC) was the first consolidation case of public owned banking industry in Taiwan. Many studies used financial ratios to analyze the consociation synergy of the merger.For banking industry, however, the branch offices' operatings are the major driving force for the bank. Therefore, the key factor to evaluate the success of the consolidation is to evaluate the performance change of branches after merger. This study tries to compare the branches performace change to evaluate the synergy effect of the consolidation on two public owned banks. The sample of the branches came from 3 years before and after TCB and FBC from 2003 to 2009. The study applies Data Enveloping Analysis (DEA) and grand frontier approaches to measure the trend of efficiency for overall technical efficiency(OTE), pure technical efficiency(PTE), and scale efficiency(SE). The empirical results reveal that the average OTE, PTE and SE of the branches after merger are higher than those of before merger, and the branches of TCB indicate better efficiencies than FBC, which implies that the consoliation indeed create a synergy effect. The branches location is the major factor that affect the efficiencies of the branches and other factors include the type of operating, city or rural area, the scale of the operating and the bad debt ratio.

This thesis deals with the project of the banking union of EU. The theoretical part contains an integrated description of this significant project, for example a reason of the formation, the explanation of all components and the legislation that is related to the banking union. The practical part analyses the real impacts of the banking union on the Czech Republic and Slovakia and the eventual impacts on Czech Republic, in case it decides to join the banking union.

Made available in DSpace on 2010-04-20T20:51:20Z (GMT). No. of bitstreams: 3 154937.pdf.jpg: 21751 bytes, checksum: 368da5f727409c22cbac72a42fbee48e (MD5) 154937.pdf: 977672 bytes, checksum: 718f8bf3b0738007ff2d0934c3a71f69 (MD5) 154937.pdf.txt: 390263 bytes, checksum: ea1a305f22b0ab25798fb12b60f41224 (MD5) Previous issue date: 2006-02-07T00:00:00Z / The present scenario is marked by intensive information and networks, besides rapidly technology evolution and globalization effects. Moreover, the continuous raise of competition has consequences such as hard product and services differentiation based on costs and quality. This is an opportunity for new products introduction processes and politics as an important source of value as well as profit. There are several examples of companies that have had great success mainly due to products or services innovations. The purpose of this research is the study of financial institutions, particularly the analysis of retail banks in Brazil and their product (and service) development processes. These financial institutions, as well as Brazilian banking industry, has suffered several and significant transformations in recent years. The banking industry has an important role at Brazilian scenario, with positive rates of assets and profit growth in last years. This banking industry picture presents a rare chance of studies in this area. On this way, the authors elaborated an exploratory research based on a multiple case studies methodology. The study used a sample of six retail banks answering with 50% of this industry in Brazil. In order to analyze these cases, some classic conceptual models concerning new product development was used, as well as some theoretical references regarding the intensive information and network aspects of Brazilian retail banking industry. Applying this conceptual background on these case studies, the authors were able to understand and map the product development process, as well as their stages. The analysis still made possible the comprehension of underlying subjects to the main theme that appeared along the study. / O cenário que se desenha é fortemente marcado pela informação intensiva e pelas redes, além de evolução acelerada da tecnologia e globalização. Além disso, o contínuo aumento da competição tem tornado mais difícil a diferenciação com base em custos ou qualidade, gerando uma oportunidade para que a introdução de novos produtos se destacasse e se transformasse em uma fonte de ganhos competitivos. Vários são os exemplos de empresas que tiveram (e têm) sucesso em grande medida através de inovações em seus produtos ou serviços. O propósito desta pesquisa é o estudo de instituições financeiras, particularmente a análise de bancos de varejo no Brasil e seus respectivos processos de desenvolvimento de produtos e serviços. As instituições financeiras, do qual o setor bancário brasileiro faz parte, têm sofrido grandes e significativas transformações nos anos recentes. Este segmento possui expressiva participação no cenário nacional, apresentando taxas positivas de crescimento de ativos e lucros nos últimos anos. Esse cenário de intensas mudanças apresenta uma rara oportunidade de estudos nessa área. Dessa maneira, conduziu-se uma pesquisa de cunho exploratório que fez uso de estudos de casos múltiplos. Utilizou-se uma amostra de seis bancos que respondem por cerca de 50% do segmento no país. Para a análise dos casos, utilizaram-se alguns modelos conceituais clássicos a respeito de desenvolvimento de novos produtos, além de referências acerca do cenário em que a amostra está imersa. Pela aplicação deste arcabouço aos estudos de casos, mapeou-se o processo de desenvolvimento de produtos, bem como suas etapas. A análise possibilitou ainda a compreensão de questões subjacentes ao tema principal que surgiram ao longo do trabalho.

This study investigated the critical success factors that affect the effectiveness and efficiency of mergers and acquisitions, by soliciting responses from bank Chief Executives and case evidence from the South African banking industry for the period 1990 to 2015. The study applied a mixed-use methodology. The case study evidence was drawn from the formation of the “Big Four Banks” in South Africa, namely, Absa (“Barclays Africa Group”), First Rand Group, Nedbank Group and Standard Bank Group. The study found that when visions and values of merging banks were aligned, there was a greater chance of success. The study further found that culture compatibility of merging entities is paramount. Stakeholder acceptance was also found to have a strong impact on the chance of success or failure in mergers and acquisitions (M&A). The case evidence corroborated and substantiated that there was a positive Deal Value Added (DVA) trend before the merger activity and immediately thereafter, evidenced by positive share price appreciation resulting in increased market capitalisation. The quantitative results found that 56% of the sampled CEOs indicated that an 80% majority of bank mergers in the South African banking sector had created value over the long term, evidenced by 10-year return trends. This study contributes to the corpus of knowledge by generating an integrated assessment framework that can be applied even beyond the South African environment, by practitioners involved in mergers and acquisition activities. / Graduate SBL / D.B.L.

This work examined the optimality of the inclusion of the exchange rate in the reaction function of the Central Bank in an inflation targeting framework. The study attempts to answer the question whether the exchange rate should have an independent role in an open economy Taylor-type rule. To this end, a Taylor-type rule is incorporating the exchange rate is estimated by the cointegration and vector error correction modeling (VECM) using quarterly data for the period of 1995 to 2009. The empirical studies point out the importance of the exchange rates in explaining and forecasting the behaviour of the South African Reserve Bank monetary policy control variable.

The dissertation thesis investigates the relationship between corporate social responsibility (CSR) and financial performance (FP) on the sample of 51 Eurozone banks over the period from 2008 to 2014. The investigation is based on a panel data regression analysing the financial data from Bankscope and the social performance data from CSRHub. Return on assets and the ratio of non-performing loans to total loans represent the measures of financial performance and are used as dependent variables. The results of this model have shown a positive and statistically significant CSR-FP relationship. It is argued that even though the results show statistical significance, they do not necessarily include such a strong informational value. This is caused by methodological limitations, such as potentially biased data on CSR, as well as by the theoretical ones. The main theoretical concern, detected in the dissertation thesis, is a need for redefinition of the banks' driving motives of engaging in CSR activities. Banks engaging in CSR activities for merely strategic reasons should be analysed separately on a firm-level as they may otherwise bias the empirical results. Another important aspect of the work was an argument that banks benefit from CSR mainly through the product differentiation. This could not have been tested empirically, but it is assumed that the product differentiation, for example through reputation enhancement, may play a significant role in boosting bank's profits.

En las últimas décadas, se ha encontrado a la transformación digital como aliado clave que permite a las empresas utilizar herramientas innovadoras para ofrecer una experiencia más cercana, directa y eficiente a los usuarios. Asimismo, la tendencia de uso de herramientas digitales viene en aumento y es aplicada en el desarrollo de canales de contacto innovadores para generar mejoras en la atención de clientes, como, por ejemplo, el desarrollo de la banca móvil en el sector financiero. Sin embargo, en este rubro, la adopción de nuevas tecnologías por parte del consumidor tiene una curva de aprendizaje más conservadora, la cual requiere mayor esfuerzo de marketing para incentivar su uso.  Al respecto, creemos que la transformación digital trae consigo valiosos beneficios y vemos importante aportar a su desarrollo para que más empresas del sector bancario puedan aprovechar estas tendencias, pues hoy en día existe gran potencial en este ámbito.  En ese sentido, la presente tesis tiene como finalidad conocer y entender las motivaciones de los usuarios sobre la adopción de uso de la banca móvil. Para ello, buscamos validar si las variables “facilidad de uso percibida”, “utilidad percibida” e “influencia social” tienen correlación con la variable “intención de uso” de la banca móvil. Asimismo, para recabar la información necesaria para la validación de nuestra hipótesis, emplearemos una metodología exploratoria con un alcance descriptivo y correlacional, en la cual realizaremos una entrevista a profundidad a un experto en el rubro y complementaremos con encuestas virtuales a los usuarios de la banca móvil. / In recent decades, digital transformation has been found as a key ally that allows companies to use innovative tools to offer a closer, more direct and efficient experience to users. Likewise, the trend in the use of digital tools is increasing and is applied in the development of innovative contact channels to generate improvements in customer service, such as the development of mobile banking in the financial sector. However, in this area, the adoption of new technologies by the consumer has a more conservative learning curve, which requires a greater marketing effort to encourage their use. In this regard, we believe that digital transformation brings with it valuable benefits and we consider it important to contribute to its development so that more companies in the banking sector can take advantage of these trends, since today there is great potential in this area. In this sense, the present thesis aims to know and understand the motivations of users regarding the adoption of the use of mobile banking. To do this, we seek to validate whether the variables "perceived ease of use", "perceived utility" and "social influence" have a correlation with the variable "intention to use" of mobile banking. Likewise, to collect the necessary information for the validation of our hypothesis, we will use an exploratory methodology with a descriptive and correlational scope, in which we will carry out an in-depth interview with an expert in the field and complement the banking users with virtual surveys mobile. / Tesis

本研究欲探討兩岸銀行業公司治理與經營績效之關聯性，使用資料包絡分析法及交叉效率分析比較2008至2013年兩岸銀行業的經營績效。根據本研究實證結果顯示：兩岸銀行業確實分屬不同效率前緣，且中國銀行業業之技術效率優於台灣銀行業之技術效率。但金融海嘯後台灣在規模效率上進步，顯著超過中國。在公司治理機制與經營績效關聯性分析中，顯示兩岸因制度性的差異上，使得公司治理變數與經營績效之關聯性幾乎完全相反。在政府持股率與經營績效關聯性上，雖然都不顯著，但中國係數為正，台灣為負，說明兩岸政府對企業的影響力是有所差異。獨立董事比例與純粹技術效率是唯一兩岸都顯著之變數，但中國為顯著負相關而台灣為顯著正相關。研究結果顯示兩岸在公司治理實務與經營績效有很大的差異。 / The purpose of this paper tries to make a cross strait comparison between corporate governance and efficiency performance in banking industry. We apply data envelopment analysis and cross efficiency frontier analysis to measure and compare the performance of banking industry between Taiwan and China from 2008 to 2013. The empirical results reveal that Taiwan and China indeed have different efficiency frontier, and the cross frontier analysis suggests that the efficiency performance of China is much better than that of Taiwan. However, the scale efficiency of Taiwan had a better performance than that of China after financial crisis. Due to system difference, the cross strait comparison of corporate governance between efficiency performances denotes that Taiwan and China almost have opposite effects. China indicates a positive coefficient between bank’s stock holding ratio by government and efficiency performances. On the other hand, Taiwan indicates a negative coefficient, although both are statistically insignificant. The result suggests that the political power has a contrary influence for Taiwan and China. The percentage of independent directors is the only variable that statistically significant with pure technical efficient on both sides. However, which is negative coefficient associated with China, but positive coefficient associated with Taiwan. Therefore, we can conclude that the corporate governance practices have opposite influence on efficiency performance between Taiwan and China.