In this thesis, we follow the incomplete contract model developed by Freixas and Rochet (1997). They model the decision of a bank regulator for continuing the sound bank or restructuring the failing bank as a game between bank equity owners, the bank manager, and the regulator under the incomplete contract framework. In this essay, we apply this incomplete contract model to Taiwan empirical data. After using several kinds of financial ratios as our indicators, we select nine ratios to process our empirical examination. And we find that: there are two banks appeared in the “ex-post efficient interference” segment except two ratios and also another two banks shown in the “ex-post efficient passivity” segment except one ratio.

In this thesis, we follow the incomplete contract model developed by Freixas and Rochet (1997). They model the decision of a bank regulator for continuing the sound bank or restructuring the failing bank as a game between bank equity owners, the bank manager, and the regulator under the incomplete contract framework. In this essay, we apply this incomplete contract model to Taiwan empirical data. After using several kinds of financial ratios as our indicators, we select nine ratios to process our empirical examination. And we find that: there are two banks appeared in the “ex-post efficient interference” segment except two ratios and also another two banks shown in the “ex-post efficient passivity” segment except one ratio.

REFERENCE
Chinese
蘇千琇，「應用財務比率評鑑台灣地區銀行經營績效」，民國85年6月，國立台灣大學財務金融研究所碩士論文。
謝人俊，「問題基層金融機構經營特性之研究」，民國88年6月，國立政治大學企業管理研究所碩士論文。
李佳珍，「台灣地區銀行經營績效評等之分析—以本國銀行與外商銀行為例」，嘉義技術學院學報，第67卷，民國88年12月，頁79-97。

English
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