"When Bank Managers Work Diligently" An Empirical Examination of the Early Republican Chinese Bankin
2006/06/27
研討會日期 : 2006-06-27
時間 : 15:00
主講人 : Prof. Ching-Yi Chung
地點 : B棟110室
演講者簡介 : Prof. Ching-Yi Chung為Ph.D.，University of California， Irvine (2004)。
現為中央銀行經濟研究處副研究員。
其主要研究領域為Economic History、Monet and Banking、Applied Econometrics及Applied Microeconomics。
演講摘要 : This paper examines the relationship between performance of banks and manager’s equity stake in Shanghai between 1912 and 1937. The data come from the Shanghai Municipal Archives and the Center for Research of Chinese Business History. Using panel data econometric techniques, the analysis finds that manager’s equity stake in the bank explains little of bank’s performance. Possible explanations for the apparent insignificance of managerial ownership include the level of managerial labor supply, managers’ desire to raise their financial and/or social status and the guarantor system, which directly or indirectly promoted high levels of performance.
