Empirical Study of Performance Pre-and-Post Merger of Banks in Taiwan

[[abstract]]本實證研究以2001年至2012年發生合併行為之台灣公開發行的銀行為研究對象，以各樣本銀行合併前後各三年為觀測期間，探討銀行發生合併行為後，其資產報酬率、股東權益報酬率、自有資金比率、備抵呆帳佔放款比率、存放比率、放款執行率、營業費用占淨收益之比率以及第一準備率共八項財務指標，是否有改善或衰退情形。經由財務比率分析法，發現合併後有台新、國泰世華、合庫和中信經營情況有改善；若以財務指標分析，則只有「備抵呆帳佔放款比率」一項指標是合併後優於合併前。[[abstract]]This study examined the banks by evaluating their performance three years after the merger exercise in Taiwan We conducts the financial ratios which return on assets return on equity the ratio of shareholders fund to total assets the ratio of loan loss provisions to total loans the ratio of total loans to total deposits the ratio of total loan to total assets the ratio of operating expenses to net earnings and the ratio of cash and short-term funds to total deposits for a total of eight financial indicators whether the case was improvement or decline The empirical results show that only four of the ten banks have improved operating performance and the ratio of loan loss provisions to total loans of an index was better after the merge