金融控股公司之設立、擴充與資訊不對稱程度__臺灣人文及社會科學引文索引資料庫

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題名：	金融控股公司之設立、擴充與資訊不對稱程度
書刊名：	管理研究學報
作者：	菅瑞昌／闕河士／邱志偉
作者(外文)：	Chien, Andy／Chueh, Horace／Chiu, Chih Wei
出版日期：	2009
卷期：	9
頁次：	頁45-74
主題關鍵詞：	多角化；資訊不對稱；金融控股公司；Diversification；Asymmetric information；Financial holding company
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(0) 博士論文(1) 專書(0) 專書論文(0) 排除自我引用:0 共同引用:0 點閱:27

主管機關引導與鼓勵金融控股公司的設立與擴充，其基本理由就是多角化的利益，然而多角化也會導致金控公司與投資人間的資訊不對稱程度提高。本文檢驗台灣金控公司多角化與資訊不對稱的關係，不論是比較金控公司設立與擴充事件前後資訊不對稱變化，或是對不同金控公司多角化和資訊不對稱的橫斷差異進行比較，實證結果都指出，金融控股公司的多角化程度提高，並沒有增加投資人對公司的資訊不對稱程度。這意味著，金控公司在制定多角化決策時，主要應考慮資訊不對稱以外的因素。

以文找文

While the policymakers encourage establishing financial holding company (FHC) on the basis of diversification benefits, diversification may arise the degree of asymmetric information between FHCs and investors. We examine the relation between FHC diversification and asymmetric information empirically using data from FHCs in Taiwan. The result shows that, on average, greater diversification is not associated with increased information asymmetry. It means that the diversification decision should consider other factors rather than asymmetric information.

以文找文

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研究報告
1.	Bharath, S. T.、Paquariello, P.、Wu, G.(2006)。Does asymmetric information drive capital structure decisions。Ross School of Business, University of Michigan。
2.	Gilson, S.、Healy, P.、Noe, C.、Palepu, K.(2000)。Corporate focus and the benefits from more specialized analysts coverage。Harvard Business School。

圖書
1.	Harris, L.(2003)。Trading and exchange。New York, NY：Oxford University Press, Inc.。
2.	Gaughan, Patrick A.(1999)。Mergers, Acquisitions and Corporate Restructurings。John Wiley & Sons。

單篇論文
1.	Wulf, J.(1998)。Influence and inefficiency in the internal capital market: theory and evidence，Wharton School, University of Pennsylvania。

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