期刊論文
| 學年 | 100 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2012-01-01 |
| 作品名稱 | A note on bank bailout: equity quality and direct equity injections |
| 作品名稱（其他語言） | |
| 著者 | Lin, Jyh-Horng; Chang, Chuen-Ping; Hung, Wei-Ming |
| 單位 | 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 Letters 19(10), pp.947-951 |
| 摘要 | Previous research on market-based evaluation of bank equity with government bailout has modelled the bank as a corporate firm with risky assets and liabilities. No attempt was made to analyse explicitly equity quality expressed as a situation when the carrying value of the bank's equity book is above the market price, in particular, during the financial crisis. The purpose of this article is to model bank equity quality explicitly and examine the relationships between direct equity capital injections by the government and bank interest margin (and thus bank equity quality). Comparative static results with simulation exercises show that the bailout programme of direct equity injections may be efficient in terms of bank equity quality when the bailout amount is relatively small-size and the bank's interest margin is relatively low. |
| 關鍵字 | bank bailout; equity quality; direct equity injections; interest margin |
| 語言 | en |
| ISSN | 1350-4851; 1466-4291 |
| 期刊性質 | |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Chang, Chuen-Ping |
| 審稿制度 | |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/60053 ) |