教師資料查詢 | 類別: 期刊論文 | 教師: 鮑世亨 PAO, SHIH-HENG (瀏覽個人網頁)

標題:The impact of e-finance strategies on depository financial intermediary's value: an option-based optimization
學年94
學期1
出版(發表)日期2005/09/01
作品名稱The impact of e-finance strategies on depository financial intermediary's value: an option-based optimization
作品名稱(其他語言)
著者林志娟; Lin, Jyh-jiuan; 鮑世亨; Pao, Shih-heng; 林志鴻; Lin, Jyh-horng
單位淡江大學統計學系
出版者New Delhi: Taru Publications
著錄名稱、卷期、頁數Journal of Information & Optimization sciences 26(3), pp.509-526
摘要Which strategies generate value in electronic-finance (e-finance) environments? In a step toward answering this question, we use a two-stage option-based model to study how capital regulation, asymmetrical information, strategic e-finance and the depository financial intermediary's optimal deposit rate relates to one another. In our model, it is shown that the intermediary can use the Internet to supplant its existing delivery channels under the strategic loan-deposit complements. Both capital regulation and asymmetrical information provide incentives (disincentives) for the intermediary's developing e-finance under its strategic e-finance complements (strategic e-finance substitutes). Our finding provides an alternative explanation for e-finance, treated as not only a technology but also a strategy.
關鍵字Strategic e\-finance; asymmetric information; capital\-to\-deposits ratio
語言英文
ISSN0252-2667;2169-0103
期刊性質國外
收錄於EI
產學合作
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審稿制度
國別印度
公開徵稿
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