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:Optimal lending under strategic acquisition and capital regulation : an option-based optimization
學年95
學期1
出版(發表)日期2006/09/01
作品名稱Optimal lending under strategic acquisition and capital regulation : an option-based optimization
作品名稱(其他語言)
著者Lin, Jyh-horng; Jou, Rosemary; Chang, Chuen-ping
單位淡江大學國際貿易學系暨國際企業研究所
出版者New Delhi: Taru Publications
著錄名稱、卷期、頁數Journal of information & optimization sciences 27(3), pp.595-614
摘要This paper explores the determinants of the acquirer bank's optimal loan rate based on a firm-theoretical option-pricing model under the maximum net gain from strategic acquisition. The model demonstrates how the nature of the loan (substitutes/complements), loan rate strategies (strategic substitutes/strategic complements) and regulation conditions jointly determine the acquirer bank's optimal loan rate. We find that the acquirer bank's loan rate are negatively related to the proportion of the combined banks owned by the acquirer bank's shareholders and also negatively related to the capital regulation under the nature of the loan complements and the loan-rate-setting complement strategy. Our findings provide an alternative explanation for the acquirer bank's strategies for operating and competing in the lending market concerning bank acquisition behavior.
關鍵字
語言英文
ISSN0252-2667;2169-0103
期刊性質國外
收錄於EI;
產學合作
通訊作者
審稿制度
國別印度
公開徵稿
出版型式,紙本
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