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:Governance Mechanisms and Bank Interest Margins: An Examination of Loan Commitment with External Financing
學年96
學期1
出版(發表)日期2008/01/01
作品名稱Governance Mechanisms and Bank Interest Margins: An Examination of Loan Commitment with External Financing
作品名稱(其他語言)
著者林志鴻
單位淡江大學國際貿易學系暨國際企業研究所
出版者
著錄名稱、卷期、頁數Journal of Statistics & Management Systems 11(1), pp.105-129
摘要This paper examines the relationships among shareholder activism (internal governance), the market for corporate control (external governance), and the optimal bank interest margin. In an option-based model where the bank’s lending and deposit-taking may be two manifestations of one primitive function: the liquidity on demand provision, because the bank often lends via commitments, changes in internal and external governance mechanisms have direct effects on the bank’s optimal interest margin (and thus on the bank’s scale). The scale of the bank is increased (decreased) as a result of a larger number of takeover defense (offense) provisions when the bank realizes a less (more) risky state of the world. In such a scenario, we argue that the bank is required to use internal funds more (less) than raising external funds. Hence, governance mechanisms may produce significant changes in the relationships between bank behavior and the liquidity on demand provision.
關鍵字Internal governance;external governance;bank interest margin
語言英文
ISSN
期刊性質國內
收錄於
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,電子版
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