教師資料查詢 | 類別: 期刊論文 | 教師: 麥朝成 Mai Chao-Cheng (瀏覽個人網頁)

標題:Privatization and optimal share release in the Chinese banking industry
學年98
學期1
出版(發表)日期2009/11/01
作品名稱Privatization and optimal share release in the Chinese banking industry
作品名稱(其他語言)
著者Chen, Chien-hsun; Mai, Chao-cheng; Liu, Yu-lin; Mai, Shin-ying
單位淡江大學產業經濟學系
出版者Amsterdam: Elsevier BV * North-Holland
著錄名稱、卷期、頁數Economic Modelling 26(6), pp.1161-1171
摘要This paper establishes a mixed oligopoly model to explore how the government determines the percentage of shares of the state-owned banks to be released to foreign investors under the goal of seeking to maximize social welfare. The theoretical model finds that the release of shares of state-owned banks to foreign investors will reduce the outputs of the state-owned banks. The direction of the change in the profitability of the state-owned banks depends on the percentage of the shares released. The direction of the changes in the levels of social welfare also varies. If the gap in production efficiency between the state-owned banks and private banks is not large enough, we can be certain that a partial release of shares is the government's best policy.
關鍵字Privatization;Mixed oligopoly model;Foreign equity participation;China's financial sector;Optimal share release
語言英文
ISSN0264-9993
期刊性質國外
收錄於SSCI
產學合作
通訊作者Mai, Chao-cheng
審稿制度
國別荷蘭
公開徵稿
出版型式紙本
相關連結
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