Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/28260
標題: 降低銀行競爭程度可以提高獲利嗎?動態追蹤資料模型的應用
Relationship between Competition and Profitability and Other Determinants in the Banking Industry:A Dynamic Panel Data Analysis
作者: 楊麗靜
Yang, Li-Jing
關鍵字: 銀行競爭程度
Bank competition
銀行獲利
追蹤資料
前四大銀行集中度
赫德芬指數
Panzar-Rosse模型
Bank profitability
Panel data
Concentration
Herfindahl-Hirschman Indax
Panzar-Rosse
Dynamic panel model
GMM difference estimator
GMM system estimator
Dynamic panel extended model
出版社: 應用經濟學系所
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摘要: 本文採用1992-2006年61國的追蹤資料(panel data)檢測銀行競爭程度與銀行獲利的關係,我們採用前四大銀行集中度、赫德芬指數與Panzar-Rosse模型等三個變數作為銀行競爭程度的指標。本文主要的貢獻在於解釋降低銀行競爭程度是否一定有助於銀行獲利?在不同市場結構、經濟、金融及政府制度條件下,銀行競爭程度與銀行獲利的關係是否會發生改變?我們探討的影響因素包括:市場結構、法律規定、政府治理、經濟發展程度與產業內競爭等共五類。 本文採用動態追蹤資料模型下的兩階段GMM 系統估計方法,實證結果顯示降低銀行競爭程度對銀行獲利的影響效果為不顯著的正向影響。在影響銀行競爭程度與銀行獲利關係的因素中我們發現:一、隨著市場結構的改變,政府對銀行的控制程度越高,有助於增強兩者的正向關係,亦即為提高銀行獲利,政府應加強其對銀行的控制程度。二、隨著政府法律對證券業、保險業、非金融相關業跨業規定的嚴格限制,與外商銀行是否可在本國設立銀行的法規限制下,可能減弱兩者間的正向關係。三、在政府治理的條件下,良善的司法效率與對投資人的保護下,可能減弱或不影響兩者的正向關係。四、金融體系發展健全,高所得水準的國家,可能減弱兩者間的正向關係。五、非銀行產業的規模越高,銀行業面對非銀行金融機構的競爭壓力越大,可能減弱或不影響兩者間的正向關係。由上述結果可知,一國藉降低銀行競爭程度來促進銀行獲利,無法彰顯成效,必須藉由透過市場結構、經濟、金融及政府制度條件的建立,方可達成銀行競爭程度的有效目標。接著,我們考慮變數資料是否具穩健性,在考慮修正延伸模型後,發現在影響因素為政府治理變數時,均不會改變本文的結論,支持實證結果的穩健性。而其他四種影響因素則需視銀行競爭程度指標,據以判定其對銀行競爭程度與銀行獲利的影響關係。
URI: http://hdl.handle.net/11455/28260
其他識別: U0005-3107200819550800
文章連結: http://www.airitilibrary.com/Publication/alDetailedMesh1?DocID=U0005-3107200819550800
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