The Study of the Financial Holding Company's Operational Performance -A Case of the First Financial Holding Company

[[abstract]]政府為了重整金融機構，2001年三讀通過金融控股公司法後，台灣陸續成立16家金融控股公司，利用現有金控品牌、通路、迅速擴大市場佔有率，跨業經營邁向金融大型化、制度化、提昇業務執行速度，透過分工合作縮短各項作業時間的執行，以提昇金融機構本身的競爭能力。本研究以第一金控為個案研究，探討第一金控旗下子公司的整合對經營績效是否有加分效果，主要結論如下：1、第一金融控股公司成立前後績效比較，運用財務比率分析法，以獲利能力指標、經營能力指標、債償能力指標、成長力指標進行分析，除了成長力指標及獲利能力指標中每股淨值表現没優於金控前，其餘多項指標表現皆優於金控前績效。2、第一金融控股公司旗下子公司加入後，以資產報酬率(ROA)、股東權益報酬率(ROE)及獲利能力衡量對金控是否有加分效果，第一銀行績效表現較穏定，其餘子公司績效表現較不穏定。[[abstract]]After the legislation of the Financial Holding Company Act in year 2001 sixteen financial holding companies were established in Taiwan one after another By forming the financial holding companies financial institutes were expected to increase the competitiveness by adopting the existing brand position and channel to rapidly increase the market share enlarge the operation scale with diversification and institutionalization speed the business execution and enhance operation efficiency with collaboration In this research First Financial Holding Co Ltd was taken as a case study to investigate if the positive influences exist by the integration of the subsidiaries after the financial holding company was established The major conclusions are as follows: (1) By adopting the financial ratio analysis approach on analyzing the performance of First Financial Holding Co Ltd the profitability index operating capability index debt solvency index and growth capability index were addressed The results show that growth capability index and profitability index reflected an equivalent book value per share after the financial holding company was formed while rest of the indexes performed better (2) To evaluate the influence of the integration of the subsidiaries by analyzing the return on assets( ROA) return on equity(ROE) and profitability of First Financial Holding Co Ltd the performance of the First Commercial Bank is stable while other subsidiaries performed relatively unstabl