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系統識別號 U0026-1507201614293000
論文名稱(中文) 銀行股權結構、代理問題與經營績效關聯性之研究
論文名稱(英文) A Study of Bank Ownership Structure, Agency Problems and Operating Performance
校院名稱 成功大學
系所名稱(中) 財務金融研究所碩士在職專班
系所名稱(英) Graduate Institute of Finance (on the job class)
學年度 104
學期 2
出版年 105
研究生(中文) 林淑卿
研究生(英文) Shu-Chin Lin
學號 R87031053
學位類別 碩士
語文別 中文
論文頁數 45頁
口試委員 指導教授-楊朝旭
口試委員-黃炳勳
口試委員-蔡柳卿
中文關鍵字 股權結構  董監持股比例  代理問題  利益掠奪假說 
英文關鍵字 ownership structure  directors and supervisors shoreholding  agency problem  entrenchment hypothesis 
學科別分類
中文摘要 本研究以35家國內銀行為對象,期間自2005年到2013年非平衡的追蹤資料(panel data)進行回歸分析。迴歸結果顯示,銀行規模、自有資本比率及經濟狀況與銀行的經營績效有顯著的正向關係;而與逾期放款比率(NPLR)有顯著的負向相關,顯示銀行的資產規模愈大、自有資產比率(淨值比率)愈高、總體的經濟情況愈好,則銀行的經營績效就愈好,逾期放款比率就愈低。其次,證據也顯示,銀行大股東持股比例、董監事持股比例及董監事持股質押比例,均與經營績效呈現顯著負相關,代表當大股東持股比例、董監事持股比例及董監事持股質押比例增加,則銀行經營績效顯著愈差,此實證結果支持利益掠奪假說(Entrenchment Hypothesis),即董監事持股比例愈高,代理問題愈嚴重。最後,本研究亦發現,公營銀行的逾放比率顯著較高,顯示公營銀行的管理階層可能有較高的代理問題。
英文摘要 This study used 35 domestic banks unbalanced panel data of 2005-2013 to investigate the relevance of ownership structure and performance. The regression results show the size of the bank, equity ratio and economic conditions toward operating performance have a significant positive correlation and toward non-performing loan ratio (NPLR) have a significant negative relationship. Furthermore, this evidence also verified that the proportion of the largest shareholder, directors and supervisors holding ratio and equity pledge ratio of directors and supervisors toward operating performance are significant negative correlation. This representative the higher of directors and supervisors shareholding ratio and the directors and supervisors shareholding pledge ratio, the bank's operating performance is worse. The empirical results support entrenchment hypothesis. That is, the higher the proportion of shareholding of directors and supervisors, the more serious the agency problem. However, this study has not found statistically significant relation between ownership structure and NPLR. Finally, the results also indicate that the government-owned banks have a significant higher non-performing loan ratio (NPLR). It implies that public bank's management may have a higher agency problem.
論文目次 目 錄
摘要………………………………………………………………………….. I

Abstract……………………………………………………………………….. II

誌謝………………………………………………………………………….. VI

目錄………………………………………………………………………….. VII

表目錄……………………………………………………………………….. VIII

第一章 緒論………………………………………………………………… 01
第一節 研究背景與動機……..………………………………………… 01
第二節 研究目的……..………………………………………………… 06
第三節 研究範圍………………………………………………………. 07
第四節 研究架構……………………………………………………….. 08
第二章 文獻回顧…………………………………………………………… 09
第一節 銀行業與代理理論…………………………………………… 09
第二節 股權結構與經營績效的關係………………………………… 11
第三節 影響銀行經營績效的因素……………………………………. 15
第三章 研究方法…………………………………………………………… 22
第一節 資料來源與樣本……………………………………………….. 22
第二節 變數與變數定義……………………………………………….. 22
第三節 實證模型……………………………………………………….. 27
第四章 實證結果與分析…………………………………………………… 29
第一節 敘述性統計……………………………………………….……. 29
第二節 迴歸變數相關性分析………………………………………….. 30
第三節 實證結果分析………………………………………………….. 32
第五章 結論………………………………………………………………… 37
第一節 研究結論與建議……………………………………………… 37
第二節 研究限制……………………………………………………… 39
參考文獻…………………………………………………………………….. 40
中文……………………………………………………………………….. 40
英文……………………………………………………………………….. 41

參考文獻 參考文獻
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