教師資料查詢 | 類別: 期刊論文 | 教師: 林谷峻 Lin Ku-jun (瀏覽個人網頁)

標題:Effects of government capital injection on bank and bank-dependent borrower
學年104
學期1
出版(發表)日期2016/01/01
作品名稱Effects of government capital injection on bank and bank-dependent borrower
作品名稱(其他語言)
著者Chen, Shi; Lin, Ku-Jun
單位
出版者
著錄名稱、卷期、頁數Economic Modeling 52 Part B, pp.618-629
摘要We examine the impacts on bank interest margin, bank default risk, and bank-dependent borrower default risk from changes in the bailout program of government capital injections. This paper focuses on the capped credit risk, the risk of default related to borrower health states. We show that government capital injection helps to reduce default risk for the bank, but indirectly increases the default risk for the borrowing firm. Government capital injection is more likely to produce greater safety for the bank when the borrowing firm is in a distressed situation (e.g., a high-risk and low-return one). The capital effect on bank safety is underestimated when the capped credit
risk is ignored. We conclude that a government capital injection program stabilizes the bank, but deteriorates the borrowing firm.
關鍵字Government capital injection;Default risk;Barrier option
語言英文(美國)
ISSN0264-9993
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Ku-Jun Lin
審稿制度
國別荷蘭
公開徵稿
出版型式,電子版
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