關鍵字查詢 | 類別:期刊論文 | | 關鍵字:Assessing bank equity risk under Legacy Loan Program

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序號 學年期 教師動態
1 102/2 國企系 蔡政言 教授 期刊論文 發佈 Assessing bank equity risk under Legacy Loan Program , [102-2] :Assessing bank equity risk under Legacy Loan Program期刊論文Assessing bank equity risk under Legacy Loan ProgramLin, Jyh-Horng; Tsai, Jeng-Yan; Huan, Wei-MingDepartment of International Business,Tamkang University, Taipei, Taiwan;淡江大學國際企業學系Abingdon: RoutledgeApplied Economics 46(13), pp.1499-1508We 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
2 102/2 國企系 林志鴻 教授 期刊論文 發佈 Assessing bank equity risk under Legacy Loan Program , [102-2] :Assessing bank equity risk under Legacy Loan Program期刊論文Assessing bank equity risk under Legacy Loan ProgramLin, Jyh-Horng; Tsai, Jeng-Yan; Huan, Wei-MingDepartment of International Business,Tamkang University, Taipei, Taiwan;淡江大學國際企業學系Abingdon: RoutledgeApplied Economics 46(13), pp.1499-1508We 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
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