INCORPORATING THE CREDIT RANKING MEASURE TO EVALUATE THE OPERATING EFFICIENCY OF FINANCIAL HOLDING COMPANIES IN TAIWAN
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 10
Abstract
One hears that the credit ranking score has increased technical efficiency in financial holding companies, when a data envelopment analysis (DEA) is employed. Our empirical results show that the credit ranking scores will obviously affect the estimated results of efficiency measurement in Taiwan’s financial holding companies. Additionally, the effects on technical inefficiency could be attributed to the under-utilization of inputs, rather than the inappropriate returns of scale, or the selection of incorrect input combinations. It shows that the pure technical efficiency change index number and the scale efficiency change index number are still improvement. Especially, when credit ranking score is incorporated as an important factor for efficiency measure, the credit ranking measure can be viewed as a discretionary variable for inputs.
Authors and Affiliations
Hsiang-Hsi Liu| Profrssor and Director, Graduate Institute of International Business at National Taipei University, Tser-Yieth Chen| Profrssor,Graduate Institute of International Business at National Taipei University, Jia-Wen Chen| Master of business at Graduate Institute of International Business, National Taipei University
THE EFFECTS OF INFLATION AND OPERATING CYCLE ON CASH HOLDINGS (LIQUIDITY) OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE
This study aims at testing the relationship between inflation and the cash holdings. Moreover, the existence and the direction of the relationship between operating cycle and cash holdings have also been examined.
BUDGETARY CONTROL AND SERVICE CHARGE MANAGEMENT PERFORMANCE IN REAL ESTATE SECTOR: AN EMPIRICAL STUDY OF THE MOTIVATIONAL ASPECT
Most Real Estate Property Management Companies (PMC) in most cases struggles with service charge funds (SCF) to provide amenities for tenants living in their serviced apartments after budget has been carefully prepared a...
EXTERNAL AND INTERNAL OWNERSHIP CONCENTRATION AND DEBT DECISIONS IN AN EMERGING MARKET: EVIDENCE FROM PAKISTAN
This study examines the effect of concentration of ownership both external block ownership and managerial share ownership on capital structure decision of Pakistani non-financial firms. The panel data is used to investig...
MICRO CREDIT AND PROMOTION OF SMALL AND MEDIUM ENTERPRISES IN INFORMAL SECTOR OF GHANA: LESSONS FROM EXPERIENCE
SMEs in developing countries play significant role in the economic activities of those nations. SMEs provide income for many low income households especially in the informal sector. Notwithstanding their contributions...
Foreign Direct Investment and the Nigerian Financial Sector Growth
Foreign Direct Investment (FDI) stimulates financial sector growth through the presence of foreign participation in investment in the nation. This paper explores the relationship between foreign direct investment and fin...