The Impact of Investment Mode on the Efficiency Performance of Oversea Subsidiary of Taiwanese Financial Holding Groups / 台灣金融控股集團海外子公司 投資型態與經營效率之研究

碩士 / 靜宜大學 / 企業管理學系 / 101 / After the practice of Corporation Law of Finance Holding Company in 2001 and entrance WTO in 2002, financial industry in Taiwan can start multisectoral management in the mode of a financial holding company. According to Investment Commission of Ministry of Economy Affairs, the amount of foreign investment averagely takes around 51% out of total amount of foreign investment in financial and insurance industries from 2005 to 2010, and the ratio goes up noticeable to 72% in 2007. This study employs Data Envelopment Analysis (DEA) to evaluate operating efficiency of ownership structure, foreign location, and investment pattern of the oversea subsidiaries of Taiwanese financial holding groups. Then test out the differences in the efficiency of oversea subsidiary. Firstly, it is grouping by the oversea subsidiaries of cross-financial group. Second, it is grouping by the oversea subsidiaries of particular financial group. This study analyzes the 2010 financial data of major group enterprise in Taiwan provided by China Credit Information Service. The empirical shows the operating efficiency of wholly-owned subsidiary performs better than joint venture subsidiary among all the cross-financial groups. In addition, is relatively better in Asia with low cultural distance countries by joint venture subsidiary. Shin Kong Group and Hua Nan Group’s tatal efficiency are better than other groups, and cross-financial groups have significant difference. For particular financial group, only the Fubon Group, there was significant difference in operating efficiency of it’s ownership structure and investment mode.

Identiferoai:union.ndltd.org:TW/101PU000121013
Date January 2013
CreatorsLin, Chen-Wei, 林振維
ContributorsShih, Su-Chuan, 石素娟
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format151

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