碩士 / 中原大學 / 企業管理研究所 / 89 / Abstract
To promote the efficiency of banking industry and heighten the position of international finance in Taiwan, the government established the Offshore Banking Units (OBU) in 1983 in order to upgrade the financial services. Using Duration Model, this study separated the 69 OBU in Taiwan into three groups (that is, overall OBU, domestic OBU, and foreign OBU) to investigate what factors may influence banks’ decision to join the OBU markets during 1983 to 1999. Using the Panel Data of fixed and random effects models, this study compared the performance of overall, domestic, and foreign OBU between 1995 and 1999.
To investigate the factors that influenced the spell length of banks entering into the OBU market, the results show that Weibull distribution was the fittest probability distribution in the Duration Model for overall, domestic, and foreign OBU. We found that only the government rule had a positive impact on the spell length of banks, which influenced these three OBU groups. This suggested that the financial liberalization and internationalization policies in Taiwan benefited to the banks that entered to the OBU market. Obviously, the other independent variables including total assets, debit to equity, cash and savings in other banks to total assets, operation revenue, and the growth rate of total assets, have influenced to the domestic OBU. The results show that the greater total assets, the higher the ratio of cash and savings in other banks, and the larger of the operation revenue, the shorter of the spell length of the banks to set up OBU. In addition, the higher of the debit to equity ratio, the greater growth rate of the OBU, the longer of the spell length of the banks to set up OBU.
To compare the OBU performance in Taiwan, this study used ROA and ROE as dependent variables, and separated the independent variable into five indexes, including capital adequacy, efficiency, liquidity, profitability, and growth. From the perspective of the capital adequacy indexes, we found that the ratio of equity to total assets have a positive impact on ROA for overall and foreign OBU, but have a negative influence to ROE for overall and domestic OBU. It indicates that foreign OBU may enhance the capital structure by increasing equity to total assets ratio. However, domestic OBU decreased the ratio of equity to total assets to reduce the risky assets and leaded to a lower profitability. In the efficiency indexes, the profitability of lending ratio shows a negative impact on the ROA for overall, domestic, and foreign OBU, but have a positive influence to ROE for domestic OBU. These results implied that the Asia financial crisis might cause a lower profitability of lending ratios. In the liquidity indexes, we found that the cash and savings in other banks to total assets ratio has a positive influence to ROA for overall and domestic OBU, but has a negative impact on ROE for overall and domestic OBU. To improve ROA, it seems that OBU increase the weights of the liquidity assets to meet the shortage of saving and lending. On the contrast, because of the less benefit of the liquidity indexes, the OBU may reduce liquidity assets as operation cost. Thus, we found that liquidity assets have a negative impact on ROE.
| Identifer | oai:union.ndltd.org:TW/089CYCU5121033 |
| Date | January 2001 |
| Creators | Yao-Tzu Chen, 陳又慈 |
| Contributors | Jo-Hui Chen, 陳若暉 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 102 |
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