Wu, Ming-Tse - In: Journal of the Asia Pacific economy 20 (2015) 3, pp. 465-488
The present study examines the question of whether the transformation of Taiwan's banks into financial holding … companies (FHCs) has led to an improvement in operating efficiency. The results indicate that while comparison of FHCs and banks … shows that FHCs are significantly more efficient than non-FHC banks, if the comparison is made in terms of efficiency before …