Recent trend of globalization has lead financial industry to an increasingly competitive environment. In respond to intensify market competition, mergers and acquisition (M&A) amounts financial institutions to become the strategic choice for firms to increase their market power. The trend also adds pressure on local financial institutions of Taiwan to improve their competitiveness for their global position. The result of it was the establishment of financial holding companies (FHC) to utilizes the use of resources and to achieve the economic of scale through M&A between companies. Therefore the market will weight more heavily on FHC and a tendency of continues M&A is expected for the next several years. The purpose of this paper is to analyze the performance of fourteen FCFs of Taiwan by looking their financial profitability, operating efficiency and asset quality and strategic resource allocation performance; the results are summarized as followed:
1.When look at the financial profit performance, Cathay FHC has the best performance therefore it ranks top of the list, and Chine Development FHC has the worse result and ranked at bottom of the list.
2.If look at from operating efficiency and asset quality¡¦s prospective, Chine development FHC, Taishin FHC and Shin Kong FHC are the top three amounts fourteen FHC of Taiwan.
3.To performance better in strategic performance ranking were associated with more diversified in subsidiaries of FCFs or FCFs which has less market shares.
4.In combine of the three performance measurements, Cathay FCF, Chinatrust FCF and Taishin FCF are the top three FCFs amount the fourteen and Chine Development FCF, Jin Sun FCF and Waterland FCF are rank as bottom three for their poor performance.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0626106-110344 |
| Date | 26 June 2006 |
| Creators | Huang, Yu-Chun |
| Contributors | none, none, Feng-yu Ni |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0626106-110344 |
| Rights | not_available, Copyright information available at source archive |
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