[[alternative]]The Operational Risks and Operating Performance in Banking Business of Taiwan from Crises of Subprime Mortgage

[[abstract]] 美國次級房貸風暴波及全球，台灣的銀行業是否到景氣變化之影響是值得探討的課題，本研究目的主要探討次級房貸風暴後台灣銀行業經營風險與營運績效之影響。本研究選取 “資產證券化”投資比率為解釋變數，有別於過去文獻探討銀行逾放款和資本適足率為分析之重點。本研究資料期間為從2007 年1 月至2008 年6 月，將月資料進行實證分析，研究對象為台灣已實施資產證券化之上市（櫃）銀行。本研究透過縱橫資料(Panel Data)之固定效果模型，實證分析次級房貸風暴發生後，台灣銀行業已實施資產證券化銀行的經營風險與營運績效。本研究結果發現台灣銀行業資產證券化商品投資比率高，對於台灣銀行業經營風險與營運績效並無不利影響。因此，本研究結果推論台灣銀行業投資資產證券化商品可強化其競爭力。[[abstract]] The American Subprime mortgage crisis affects the banks and financial markets around the world; it is worthy to evaluate whether the banking industry of Taiwan also influenced by this financial crisis. The major aim of this study is to investigate the influence of Subprime mortgage crisis on the operational risks and operating performance of Taiwan Banking Business. This research took the investment ratio on financial asset securitization as the independent variable instead of taking the non-performing loans and bank of international settlement ratio as variable from previous studies. Utilized the vertical and horizontal Panel Data of the random effect model and the fixed effect model to perform the empirical analysis. This research period was from January, 2007 to June, 2008, the monthly data from the public offering banks that has implemented the financial asset securitization were collected for analysis. The result shown that after the subprime mortgage crisis occurred, Taiwan banking Business has implemented the operational risks and operating performance of investing the product of financial asset securitization. This study found that high investment ratio on the financial asset securitization for Taiwan banking Business which is advantageous regarding the operational risks andoperating performance. These data suggest investment on the product of financial asset securitization may strengthen the competitive power of banking industry