銀行整合壽險與證券業務之模擬分析

10.6985/TBFQ.200203.0117

何啟銘；林翠蓉

金融控股公司 ； 破產機率 ； 模擬

台灣金融財務季刊

3卷1期（2002 / 03 / 01）

117 - 139

繁體中文

本研究利用事前模擬方式，輔以風險－報酬的觀念，使用廠商個別會計資料，針對台灣金融服務業中的銀行、壽險及證券產業進行跨業整合分析。就整合效果而言，部分支持有關控股公司(BHCs)文獻結論；此外，如果控股公司能夠跨業經營壽險與證券業務，將迅速達成金融體系整合與穩定。 本研究實證結論發現：(1)金融整合會同時增加風險與報酬，換言之，兩者間並無抵換關係存在(2)金融控股公司可能降低破產機率(3)全體銀行與銀行－壽險產業整合可以降低系統風險(4)樣本期間內之整合行動，績效不彰。

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