Risk-adjusted bank performance: bank size strategy and market discipline

論文翻譯標題: 風險調整後之銀行績效表現與銀行規模、策略及市場約束力之關係
  • 林 毓麒

學生論文: Master's Thesis


In order to take precaution against financial crisis which is mainly leaded by poor banking operation I demonstrate how bank performance is affected by size strategy and market discipline In addition I further take the interactive effects between size and strategy as well as market discipline into account based on the study of Bertay et al (2013) to realize whether the influences will exist any distinctions The results show that growing up to systemically large size is not the interest of bank shareholders In other words gaining absolute banking size is more preferable than systemic term Besides I find that traditional strategies are prone to be less risky than unconventional business models Furthermore bank performance is not always vulnerable to strong market discipline The empirical evidence shows that return on equity will increase even under strong market discipline Apart from accounting measures sound market discipline might decrease market risk yet insured deposit financing will mitigate market discipline through deposit growth and enhance individual risk Overall it is fundamentally vital that banks should pay attention to these three main determinants simultaneously
獎項日期2015 7月 1
監督員Tse-Shih Wang (Supervisor)