期刊論文

標題 The impact of e-finance strategies on depository financial intermediary's value: an option-based optimization
學年 94
學期 1
出版(發表)日期 2005/09/01
作品名稱 The impact of e-finance strategies on depository financial intermediary's value: an option-based optimization
作品名稱(其他語言)
著者 林志娟; Lin, Jyh-jiuan; 鮑世亨; Pao, Shih-heng; 林志鴻; Lin, Jyh-horng
單位 淡江大學統計學系
出版者 New Delhi: Taru Publications
著錄名稱、卷期、頁數 Journal of Information & Optimization sciences 26(3), pp.509-526
摘要 Which strategies generate value in electronic-finance (e-finance) environments? In a step toward answering this question, we use a two-stage option-based model to study how capital regulation, asymmetrical information, strategic e-finance and the depository financial intermediary's optimal deposit rate relates to one another. In our model, it is shown that the intermediary can use the Internet to supplant its existing delivery channels under the strategic loan-deposit complements. Both capital regulation and asymmetrical information provide incentives (disincentives) for the intermediary's developing e-finance under its strategic e-finance complements (strategic e-finance substitutes). Our finding provides an alternative explanation for e-finance, treated as not only a technology but also a strategy.
關鍵字 Strategic e\-finance; asymmetric information; capital\-to\-deposits ratio
語言 英文
ISSN 0252-2667;2169-0103
期刊性質 國外
收錄於 EI
產學合作
通訊作者
審稿制度
國別 印度
公開徵稿
出版型式 紙本