| Privatization and optimal share release in the Chinese banking industry | |
|---|---|
| 學年 | 98 |
| 學期 | 1 |
| 出版（發表）日期 | 2009-11-01 |
| 作品名稱 | Privatization and optimal share release in the Chinese banking industry |
| 作品名稱（其他語言） | |
| 著者 | Chen, Chien-hsun; Mai, Chao-cheng; Liu, Yu-lin; Mai, Shin-ying |
| 單位 | 淡江大學產業經濟學系 |
| 出版者 | Amsterdam: Elsevier BV * North-Holland |
| 著錄名稱、卷期、頁數 | Economic Modelling 26(6), pp.1161-1171 |
| 摘要 | This paper establishes a mixed oligopoly model to explore how the government determines the percentage of shares of the state-owned banks to be released to foreign investors under the goal of seeking to maximize social welfare. The theoretical model finds that the release of shares of state-owned banks to foreign investors will reduce the outputs of the state-owned banks. The direction of the change in the profitability of the state-owned banks depends on the percentage of the shares released. The direction of the changes in the levels of social welfare also varies. If the gap in production efficiency between the state-owned banks and private banks is not large enough, we can be certain that a partial release of shares is the government's best policy. |
| 關鍵字 | Privatization;Mixed oligopoly model;Foreign equity participation;China's financial sector;Optimal share release |
| 語言 | en |
| ISSN | 0264-9993 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Mai, Chao-cheng |
| 審稿制度 | |
| 國別 | NLD |
| 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/987654321/58034 ) |
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