教師資料查詢 | 類別: 會議論文 | 教師: 林建志 Lin, Chien-chin (瀏覽個人網頁)

標題:Asymmetric Diversification, Bank Value Maximization, and Default Probability
學年101
學期2
發表日期2013/04/03
作品名稱Asymmetric Diversification, Bank Value Maximization, and Default Probability
作品名稱(其他語言)
著者Tsai, Yung-Shun; Lin, Chien-Chih; Chen, Hsiao-Yin
作品所屬單位淡江大學財務金融學系
出版者
會議名稱2013 International Symposium on Business and Management (ISBM 2013)
會議地點Kitakyushu, Japan
摘要This study discusses the existence of the optimal diversification to maximize bank value. It finds that the impact of diversification on bank value depends on the business cycle. Since diversification can lower individual risk and raise system risk simultaneously, it will not always be beneficial for financial institutions to diversify their assets fully. This paper finds that, in a good economy, there will be an optimal
diversification to maximize a bank’s value, but in a bad economy, diversification will hurt a bank’s value. Empirical evidence from Taiwan’s banks is provided.
關鍵字Diversification;Business Cycle;Systemic Risk;Banking
語言英文
收錄於
會議性質國際
校內研討會地點
研討會時間20130403~20130405
通訊作者
國別日本
公開徵稿Y
出版型式
出處2013 International Symposium on Business and Management (ISBM 2013), 21p.
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