亞洲金融風暴後臺灣金融改革對金融業營運績效的影響-以銀行業為例
Date Issued
2005
Date
2005
Author(s)
盧重成
DOI
zh-TW
Abstract
In 1997, Taiwan went through the Asian Financial Crisis safely. However, several Taiwanese conglomerates had encountered local financial crisis or gone bankrupt since October 1998. Therefore, the asset quality of local banks, engaging in loans extended to these conglomerates, had worsened rapidly and the NPL ratio of these banks had increased substantially. It seemed that a local financial crisis was going to shape up.
To prevent the local financial crisis from happening, and to help local financial institutions improve their asset quality, the ruling KMT government adopted the policy to reduce the business tax of financial institutions and required financial institutions to use the saved business tax to write off bad assets. After the unprecedented replacement of ruling party in 2000, the new ruling DPP government deregulated the limit that forbad foreign investors to hold 100% stocks of Taiwanese listed companies. Furthermore, the Banking Act had been amended, and the Trust Enterprise Act, the Financial Institution Merger Law, the Law of Financial Holding Company, the Establishment and Administration of the Financial Restructuring Fund, the Law Governing Bills Financial Businesses, Financial Securitization Act and Real Estate Securitization Act had been promulgated. Since then, the legal system for financial market in Taiwan had become more complete. In addition the above-mentioned laws had made the well-running financial institutions grab opportunities to go forward international market. Besides, the laws had provided the poorly-running financial institutions with a chance to exit the market as soon as possible so as to decrease the bad effect these financial institutions brought to the market. Over and above, for the establishment of Financial Holding Companies, in 2004, the Financial Supervisory Committee was set up to consolidate the supervision of banking, securities and insurance industries under one roof as well as to integrate the task of examining these industries and prevent financial institutions from miss-selling financial products to consumers.
The purpose of this thesis is to find out the background and goals of the above-mentioned financial reform policies which had been adopted from 1999. By analyzing the impact of these policies on the performance of financial institutions, the thesis tries to judge whether these policies have fulfilled their goals.
One of the findings of this thesis is that Asset quality, Earnings, Sensitivity and Growth of financial institutions have improved greatly; Capital adequacy and Liquidity of financial institutions have headed upside though have not gotten better substantially. As to Management of financial institutions, the management capability has worsened if judged by their narrowed spread. However, by increasing the scope of the business that charges higher commission help financial institutions disperse their source of profit and decrease the fluctuation of their profit. This finding justifies the improvement of management of financial institutions. In conclusion, the first stage of financial reform has achieved its goals.
Subjects
金融危機
金融改革
金融監理
經營績效
資產品質
購併
風險管理
消費者保護
Financial crisis
Financial reform
Financial supervision
Performance
Asset quality
Merge and Acquisition
Risk management
Consumer protection
Type
thesis
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