標題: The influence of government intervention on the trajectory of bank performance during the global financial crisis: A comparative study among Asian economies
作者: Ding, Cherng G.
Wu, Chiu-Hui
Chang, Pao-Long
經營管理研究所
Institute of Business and Management
關鍵字: Bank performance;Global financial crisis;Government intervention;Piecewise latent trajectory model
公開日期: 1-十二月-2013
摘要: The global financial crisis that started from 2007 onwards spread around the world and impacted the performance of banks in major economies. Many governments have used a variety of intervention policies to recover their financial systems. By examining the dynamic changes in bank performance before and after government intervention, this study demonstrates the use of the piecewise latent trajectory model. We used the data collected from Bloomberg for banks of five major Asian economies, Japan, South Korea, Hong Kong, Singapore and Taiwan, over the eleven-quarter period from the 4th quarter of 2007 to the 2nd quarter of 2010 on six financial performance indicators reflecting solvency, credit risk and profitability. The change patterns of bank performance before/after government intervention during the global financial crisis have been compared among the five economies. Our empirical results indicate that, on average, the bank performance in terms of solvency, credit risk, and profitability improves after government intervention. Moreover, the influence of government intervention on bank performance depends on the evaluative financial indicator, the economy, and whether banks are internationalized. South Korea and Hong Kong have been identified to be the economies with stronger bank performance after government intervention. Policies demonstrated useful in South Korea and Hong Kong have been summarized and discussed. (C) 2012 Elseier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/j.jfs.2012.11.002
http://hdl.handle.net/11536/23501
ISSN: 1572-3089
DOI: 10.1016/j.jfs.2012.11.002
期刊: JOURNAL OF FINANCIAL STABILITY
Volume: 9
Issue: 4
起始頁: 556
結束頁: 564
顯示於類別:期刊論文


文件中的檔案:

  1. 000328078500009.pdf