教師資料查詢 | 類別: 期刊論文 | 教師: 蔡政言 Tsai Jeng-yan (瀏覽個人網頁)

標題:Optimal Bank Interest Margin under Capital Regulation: Equity Return Maximization V.S. Equity Risk Minimization
學年101
學期1
出版(發表)日期2012/11/07
作品名稱Optimal Bank Interest Margin under Capital Regulation: Equity Return Maximization V.S. Equity Risk Minimization
作品名稱(其他語言)
著者Tsai, Jeng-Yan; Hung, Wei-Ming; Jou, Resomary
單位淡江大學國際企業學系;2013011819:55 verified by Sujen
出版者New Yourk: Academic Journals Inc.
著錄名稱、卷期、頁數African Journal of Business Management 6(44), pp.10791-10798
摘要This paper examines the effects of capital regulation on the optimal bank interest margin with two related bank objectives of option-based equity return maximization and equity risk minimization. We find that an increase in the capital-to-deposits ratio decreases the optimal interest margin under the equity return maximization, but increases the margin under the equity risk minimization. The proposed Basel system as such enables the bank to be more prone to loan risk when the objective is the equity return maximization, thereby adversely affecting the stability of the banking system, but to be less prone to loan when the objective is the equity risk minimization, thereby substantially contributing the stability. As a consequence, we argue that the effect of capital requirements on the safety of the banking system depends on the selection of the alternative objectives by banks, contributing to the literature's conflicting conclusions about capital regulation's effects on bank behavior.
關鍵字Bank interest margin;capital regulation;equity return maximization;equity risk minimization
語言英文(美國)
ISSN1993-8233
期刊性質國外
收錄於SSCI;
產學合作
通訊作者蔡政言 (tsaijy@mail.tku.edu.tw)
審稿制度
國別美國
公開徵稿
出版型式,電子版,紙本
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!