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:Assessing bank equity risk under Legacy Loan Program
學年102
學期2
出版(發表)日期2014/03/01
作品名稱Assessing bank equity risk under Legacy Loan Program
作品名稱(其他語言)
著者Lin, Jyh-Horng; Tsai, Jeng-Yan; Huan, Wei-Ming
單位Department of International Business,Tamkang University, Taipei, Taiwan;淡江大學國際企業學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Economics 46(13), pp.1499-1508
摘要We study the effects of purchasing distressed loan on bank equity risk under the Legacy Loan Program (LLP), in which the government is in partnership with private investors. The bank may refuse LLP when its knock-out value is too low. When the bank decides to participate in the LLP, the participation of a private investor generates a decrease in bank interest margin and an increase in equity risk, but the knock-out value with the LLP assistance generates an increase in bank interest margin and a decrease in equity risk. Our results suggest that the success of LLP depends critically on the willingness of a weak bank to participate in it. However, the participation of a private investor in LLP does not decrease the weak bank’s equity risk but poses instability to the banking system.
關鍵字
語言英文
ISSN0003-6846;1466-4283
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Tsai, Jeng-Yan
審稿制度
國別英國
公開徵稿
出版型式電子版,紙本,
相關連結
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