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研究生： 奎若絲
Quiros, Sandra
論文名稱： The Effect of Bank Characteristics, Governance and Regulation on Bank Performance
The Effect of Bank Characteristics, Governance and Regulation on Bank Performance
指導教授： 張紹基
Chang, Shao-Chi
學位類別： 碩士
Master
系所名稱： 管理學院 - 國際經營管理研究所碩士班
Institute of International Management (IIMBA--Master)
論文出版年： 2012
畢業學年度： 101
語文別： 英文
論文頁數： 56
外文關鍵詞： Risk, Bank Performance, Corporate Governance, Government Regulation, Profitability, Balanced Sheet
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    • This study focused on how corporate governance, government regulation, profitability and balanced sheets could be used as indicators of the overall performance of banks during the financial crisis. In addition, this study introduced literature of Panamanians banks.
    Using balance sheet and income statements characteristics of Panamanians, Canadians and USA banks we find that banks with more deposits, liabilities and less liquidity perform better during the crisis. Using some index for Supervision, bank governance and country level regulation, we find that banks with powerful supervisors, more restrictions in their activities and shareholders friendly- boards perform worst during the crisis. Regarding country level governance it’s interesting that the stronger the regulations, the more the rule of law and less corruption, the worst performance during the crisis.

    TABLE OF CONTENTS ABSTRACT ................................................................................................................... I ACKNOWLEDGEMENTS .......................................................................................... II TABLE OF CONTENTS ............................................................................................. III LIST OF TABLES ....................................................................................................... VI LIST OF FIGURES ................................................................................................... VII CHAPTER ONE INTRODUCTION ............................................................................. 1 1.1 Research Motivation. ....................................................................................... 1 1.2 Research Objectives. ........................................................................................ 4 1.3 Research Contributions. ................................................................................... 5 1.4 Research Procedure. ......................................................................................... 5 1.5 The Structure of the Study. .............................................................................. 6 CHAPTER TWO LITERATURE REVIEW ................................................................. 8 2.1 Research Background. ..................................................................................... 8 2.1.1 The Subprime Credit Crisis of 2007. ................................................... 11 2.1.2 Persons Involved and Events Occurred during the Subprime Credit Crisis. ................................................................................................... 13 2.2 Banks Performance. ....................................................................................... 19 2.2.1 Performance Evaluation. ..................................................................... 19 2.2.2 Bank Level Governance. ...................................................................... 21 2.2.3 Country Level Regulation. ................................................................... 23 2.2.4 Profitability and Bank Balance Sheet. ................................................. 24 2.2.5 Hypotheses. .......................................................................................... 25 CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY ...................... 26 3.1 Research Design and Sample Selection. ........................................................ 26 3.2 Research Model. ............................................................................................ 28 3.3 Definitions and Measurements of Variables. ................................................. 30 3.3.1 Dependent Variable. ............................................................................ 30 3.3.2 Independent Variables. ........................................................................ 30 3.3.3 Control Variables. ................................................................................ 35 3.3.4 Dummy Variables. ............................................................................... 35 3.4 Data Analysis. ................................................................................................ 35 3.4.1 Equations. ............................................................................................ 37 CHAPTER FOUR RESULTS ..................................................................................... 38 4.1 Correlations. ................................................................................................... 38 4.2 Hypothesis Testing. ........................................................................................ 38 4.2.1 Hypotheses 1-3: Balanced Sheet and Income Statement Characteristics. .................................................................................... 38 4.2.2 Hypotheses 4-5: Banks Regulation and Supervision. .......................... 40 4.2.3 Hypotheses 6-7: Pro-Shareholders Boards. ........................................ 41 4.2.4 Hypotheses 8-9: Country Regulation. ................................................. 42 CHAPTER FIVE CONCLUSIONS ............................................................................ 48 5.1 Discussion. ..................................................................................................... 48 5.1.1 Academic Implications. ....................................................................... 48 5.1.2 Practical Implications and Suggestions. ............................................. 49 5.2 Limitations and Future Directions. ................................................................ 50 REFERENCES ............................................................................................................ 52

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