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Thesis (doctoral)--Universiẗat Düsseldorf, 2006. / Includes bibliographical references (p. 251-266).

Thesis (doctoral)--Universiẗat Trier, 2006. / Includes bibliographical references (p. 289-320).

Using a sample of 1007 U.S. bank holding companies from 1995 to 2015, this study investigates whether the use of financial derivatives of U.S. bank holding companies affects distance-to-default, a measure of a bank’s chance of defaulting. My results show that total derivatives and total derivatives for trading purposes do not have any statistically significant impact on distance-to-default. There is, however, a statistically significant correlation between total derivatives for non-trading purposes and distance-to-default. More exposure to total non-trading derivatives decreases distance-to- default, thus making a bank holding company riskier. Further analysis of the results shows that, after the initiation of the Dodd-Frank Act, more exposure to credit derivatives will decrease distance-to-default, therefore increasing the riskiness of a bank holding company.

This thesis comprises of a theoretical taxation background of German and Dutch holding companies with respect to the Czech Republic. It analyzes different incomes generated by the holding companies and focuses on comparison of possible tax scenarios. The scope of the work extends beyond mere description and analysis of relevant taxation - it attempts to add value by comparing advantages and disadvantages of the aforesaid countries for establishing a holding company. The work has always its firm foundations in the Czech legislation and continues to scrutinize a network of international double taxation treaties and a system of European directives. The core lies in analysis of different holding structures and in analysis of different income taxation, in particular income from dividends, capital gains, interests and royalties. Additionally, the thesis touches on issues related to permanent establishments, transparent entities and beneficial owners of the entire holdings. There are three real-based examples of individuals or entities which plan on establishing a holding company either in Germany or in the Netherlands and follows their decision making process. They are (i) US based software producer, (ii) individual investor in organic farming, and (iii) investment fund with minority shares in projects....

Abstract To integrate the operating ability and to enhance the operating efficiency of financial institutions, the government of Taiwan promulgated the act of financial holding company in June 2001. Fourteen licenses of financial holding company have been issued since then and the purpose of forming financial holding companies is to increase their international competitiveness which is important to Taiwan since she has become a member of WTO. Among those 14 financial holding companies they are different in scales, in operating strategies and in operating performances. Can those small-scaled financial holding companies survive in the market with increasing competitiveness? Should they merge with other large scaled financial holding companies? The purposes of this thesis are to analyze the previous two questions. In other words, we examine the impact of the Act on the operating strategy and performance of two small-scaled financial holding companies: Jin Sun and Waterland financial holding companies. To address the second issue mentioned previously, we also analyze the operating strategies and performances of the Fubon financial holding company, which is known as having the advantage of stores and branches and of marketing financial products. Our research provides critical operating strategies for Jin Sun and Waterland financial holding companies to enhance their operating performances.

THESIS ABSTRACT A Study of a Customer satisfaction and Operating Strategy of Financial holding company - An Empirical Study of Barits International Securities Company. The most important thing to 14 Taiwanese Financial holding companies is to find the market which is suitable to them. At the same time, financial holding companies should improve their service quality and customer satisfaction continually. Mega Holdings is one of the three biggest financial holding companies in Taiwan. Currently,Mega Holdings has its paid-up capital at NT$113,657 million and total consolidated assets at NT$2 trillion. Mega Holdings keeps developing financial derivative products to differentiate with other financial holding companies. So Mega Holdings is an ideal for us to study. Base on the five elements of service quality from Parasuraman et al¡O(1985), we develop six important items to customer satisfaction. They are ¡§professional knowledge¡¨, ¡§efficiency¡¨, ¡§security¡¨, ¡§charge negotiation¡¨ and ¡§IT system¡¨. According to these items, we proceed with our empirical study of Barits International Securities Company to know the degree of customer satisfaction and provide valuable references to long-term operating strategies for financial holding companies. Key words¡GCustomer satisfaction, Service quality, financial holding companies, Barits International Securities Company

This paper analyzes the current operating situation of financial holding companies in Taiwan. After referring to the operation of financial early warning systems of various countries, the study chooses appropriate financial ratios to establish a financial early warning model for quantitative analysis, evaluate the management efficiency of financial holding companies, discriminate the correct classification rate of prediction probability and rating system, and seek an optimal early warning model as the basis for supervision and governance of financial holding companies. In 2008, the financial tsunami that swept over the global economy resulted in a disastrous loss to the financial industry. To cope with the impact of financial crisis, most countries in the world have developed their early warning models. In Taiwan, the CAMELS framework was adopted for the establishment of Taiwan¡¦s financial early warning system and a risk-oriented auditing system. With the financial liberalization, the government of Taiwan lifted the ban on the business operation of financial holding companies step by step in order to enhance the operating efficiency of financial holding companies and activate the financial market. However, the competitive ability of Taiwan¡¦s financial industry was not significantly improved. Instead, a series of problems with the financial sector erupted one after another. The reasons for such a condition were due to more risks faced by the financial holding companies after financial deregulation. Therefore, this study used 14 financial holding companies in Taiwan as of 2006 as subjects, and constructed a financial early warning system for the original samples by using the following two kinds of models. After factor analysis¡Athe remaining financial variables ¡Alike capital adequary ratio(C2) ¡Atotal debt/equit capital (C3) ¡A total deposit/equit capital(C4), ratio of non-performing loans(A2) the operational expense ratio(M3), efficiency ratio (M4), earnings before taxes/sales(E1) and so on, have more influence on the performances of the financial holding companies in Taiwan. As to the whole efficiency of the self-examination, CAMELS still has good prediction ability and can enable predicting ability increases after joining the risk parameters¡D Predictive sample enters two models and obtains¡Gthe predictive efficiency, type error and type error of Model Two work better than Model One¡Aso in predicting samples, think CAMELS still has good predicition ability and can enable predicting ability increases after joining the risk parameters.

Univ., Diss.--Frankfurt (Main), 2005. / Literaturverz. S. 423 - 456.

abstract: Executive compensation design involving equity shares has been widely used in Europe, the United States and other developed countries where the capital markets are relatively mature. In China, due to the differences in industries, ownership structure, stages of enterprise development, constraints faced by the firms, the executive compensation design using equity shares tends to vary accordingly. For the state-owned companies, the situations are more complex than others. This complexity has not been a focus of the past literature, particularly on the compensation contract design and its subsequent implementation. Based on Coase contract theorem, agency theory and human capital theory, I examined how different state-owned firms vary in their approaches on managerial stock compensation design using a case study approach. The thesis concludes with a summary of major findings and a discussion of policy implications. / Dissertation/Thesis / Doctoral Dissertation Business Administration 2016