Internationalization and Performance of Taiwanese Banks

臺灣銀行業之國際化與績效

黄啓瑞(Chi-Jui Huang)

臺灣銀行業國際化 ； 績效 ； 營運效率 ； Taiwanese Banks ； Internationalization ； Performance ； Operational Efficiency

企業管理學報

84期（2010 / 03 / 01）

41 - 70

英文

本研究主要探討全體臺灣銀行業的國際化擴張主要考慮的地主國區位因素、以及銀行業國際化與績效間的關係。本研究根據國際投資理論，分別以國家和銀行為分析單位，對2000年至2005年間的全體臺灣銀行業在25個國家的219個海外據點資料進行分析。結果發現：第一、臺灣銀行業海外設立分支機構最重要的地主國區位因素：臺灣製造業的出口貿易與直接投資；第二、銀行國際化程度的增加有助提升營運效率、但無法直接提升財務績效，而營運效率對財務績效有正向影響。最後並建議政府應該對銀行業進行國際化採取更開放的態度與措施。

This research stresses entry location factors, which may affect Taiwanese banks' internationalization strategy, and the relationship between banks' internationalization and performance. This article combines foreign direct investment theory with country- and bank-level panel data, and analyzes the 219 affiliates of all Taiwanese commercial banks in 25 countries from 2000 to 2005. The results generally support the predictions. First, export and foreign direct investment by the Taiwanese manufacturing industry are the most important location factors. Second, increasing the levels of internationalization of banks may improve their operational efficiency but does not directly improve financial performance. Internationalization improves operational efficiency, which in turn increases financial performance. Finally, we suggest that the current regulations should be released.

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