臺灣博碩士論文加值系統

近年網路科技發達促使進行互聯網業務的銀行興起(以下稱為互聯網銀行)。然而，互聯網業務是否使銀行有更好的績效，是個值得探討的問題。更者，互聯網銀行是否應該進行多角化，也是過去文獻從未探討過的問題。因此，本文有兩個研究目的及貢獻。第一，首篇以CAMEL （資本適足、資產品質、管理能力、獲利能力、流動性風險）指標，對互聯網銀行與非互聯網銀行進行較全面的績效比較，以檢視互聯網銀行的績效是否較佳。第二，首篇針對銀行獲利能力表現探討互聯網銀行的多角化程度對其影響，以檢視互聯網銀行是否適合多角化經營。其中，多角化指標包括學術界常用的資產多角化指標、收益多角化指標，及本文自訂的業務多角化指標。
本文使用2009年至2013年24家美國商業銀行為樣本，其中6家互聯網銀行與18家非互聯網銀行。針對第一個目的，本文以差異性檢定比較典型互聯網銀行與非典型互聯網銀行及傳統銀行的CAMEL指標，在資本適足、流動性風險與資產品質而言，互聯網銀行與非互聯網銀行，由T value來看並沒有顯著差異，在互聯網銀行以管理能力與獲利能力來看，某幾項指標有顯著影響，互聯網銀行在此兩類指標中相對優於非互聯網銀行，第一，互聯網銀行以成本收入比而言顯著優於非互聯網銀行，銀行以網路經營且沒有營業據點方式，在獲利能力上大幅顯著，第二，利息收入與非利息收入方面，互聯網銀行較非互聯網銀行方面有顯著效果，顯示互聯網銀行在利息收入正向優於非互聯網銀行，第三，在利差方面，互聯網銀行較非互聯網銀行有顯著效果。
針對第二個目的，本文以最小平方虛擬變量(LSDV)進行迴歸分析，根據上述實證結果分析，第一，在收益多角化方面，互聯網銀行有相對正向顯著影響，意即互聯網銀行可以增加不同收入來源以增加獲利，然而，非互聯網銀行則較無顯著影響。第二，在資產多角化方面，互聯網銀行較無正向或是負向顯著關係，意即互聯網銀行在資產多角化方面效果較不一定，然而，非互聯網銀行則較無顯著影響。第三，在業務多角化方面，無論是互聯網銀行或是非互聯網銀行皆無顯著效果，意即互聯網銀行與非互聯網銀行針對業務方面可以採取多角化經營也可以集中化經營。

Under advanced technology generations, some traditional banks have expanded their business model and result in Internet banking. According to those reasons, banks begin to take diversification strategy. First, we compare CAMEL between Internet banking and non-Internet banking performance. Second, we measure the impact on earnings performance, that is, whether diversification strategy is better for Internet banking to earn more profit.
This is first study using CAMEL indicators to investigate Internet banking and non-Internet banking performance profit. First, we research the impact on Internet banking through diversification strategy, and created own business diversification. Second, we use least squares dummy variable as research method. We choose six Internet banking and eighteen non-Internet banking in America from 2009 to 2013.
This study concluded that we found there is no significant evidence for Internet banking to take diversification strategy. In CAMEL indicators, Internet banks have significant evidence on earnings and management performance.

目錄
中文摘要 I
英文摘要 II
目錄 III
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究問題及目的 3
第三節 互聯網金融與互聯網銀行 9
第二章 文獻探討 17
第一節 互聯網銀行的相關文獻 17
第二節 多角化經營策略 19
第三節 多角化經營指標 25
第三章 研究方法 27
第一節 變數資料來源 27
第二節 研究設計 28
第四章 實證分析 37
第一節 差異性檢定結果 37
第二節 迴歸分析結果 41
第三節 敏感性分析 52
第五章 結論與建議 55
第一節 研究結論 55
參考文獻 56
著作權聲明 63

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