碩士 / 國立高雄大學 / 金融管理學系碩士班 / 107 / Using return on equity (ROE), return on assets (ROA) and stock return as proxy variables, this study examines the correlation between exchange rate sensitivity of Taiwan's Financial Holding Companies (FHC) is affected by the occurrence of 2008 Financial Crisis. The factors such as company size, degree of diversification, three major businesses, business model and government’s shareholding ratio with an analysis of the business performance indicators to ultimately determine the dependence. Time period from January 2000 to December 2018 has been selected and analyzed in this study. Meanwhile 2007’Q4 and 2009’Q2 were chosen as checkpoint to define before and after the 2008 financial crisis. By using ROE as the proxy variable of bank performance, the results indicate that the correlation between FHC size and exchange rate sensitivity after financial crisis is positive. However, diversification and exchange rate sensitivity have no significant impacts on bank performance. There are no significant evidences that the FHCs which focus on the insurance business contribute on exchange rate sensitivity, but the sign of the parameter is consistent with the expectation. After the financial crisis, the impact of the exchange rate on FHC performance doesn’t increase with the increase of the percentage on the insurance business. Though, the results show that there are no significant differences on the impact of exchange rate on FHC performance in the subsample of family- and government-owned FHC. However, the exchange rate has negatively significant impact on the performance of the family-owned FHCs before the financial crisis.
| Identifer | oai:union.ndltd.org:TW/107NUK00213014 |
| Date | January 2019 |
| Creators | SHIH, LI-AN, 施俐安 |
| Contributors | CHEN, YI-KAI, 陳怡凱 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 73 |
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