教師資料查詢 | 類別: 期刊論文 | 教師: 林志鴻 Jyh-horng Lin (瀏覽個人網頁)

標題:A note on bank bailout: equity quality and direct equity injections
學年100
學期1
出版(發表)日期2012/01/01
作品名稱A note on bank bailout: equity quality and direct equity injections
作品名稱(其他語言)
著者Lin, Jyh-Horng; Chang, Chuen-Ping; Hung, Wei-Ming
單位淡江大學國際企業學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Economics Letters 19(10), pp.947-951
摘要Previous research on market-based evaluation of bank equity with government bailout has modelled the bank as a corporate firm with risky assets and liabilities. No attempt was made to analyse explicitly equity quality expressed as a situation when the carrying value of the bank's equity book is above the market price, in particular, during the financial crisis. The purpose of this article is to model bank equity quality explicitly and examine the relationships between direct equity capital injections by the government and bank interest margin (and thus bank equity quality). Comparative static results with simulation exercises show that the bailout programme of direct equity injections may be efficient in terms of bank equity quality when the bailout amount is relatively small-size and the bank's interest margin is relatively low.
關鍵字bank bailout; equity quality; direct equity injections; interest margin
語言英文
ISSN1350-4851; 1466-4291
期刊性質
收錄於SSCI
產學合作
通訊作者Chang, Chuen-Ping
審稿制度
國別英國
公開徵稿
出版型式紙本
相關連結
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