| Optimal lending under strategic acquisition and capital regulation : an option-based optimization | |
|---|---|
| 學年 | 95 |
| 學期 | 1 |
| 出版（發表）日期 | 2006-09-01 |
| 作品名稱 | Optimal lending under strategic acquisition and capital regulation : an option-based optimization |
| 作品名稱（其他語言） | |
| 著者 | Lin, Jyh-horng; Jou, Rosemary; Chang, Chuen-ping |
| 單位 | 淡江大學國際貿易學系暨國際企業研究所 |
| 出版者 | New Delhi: Taru Publications |
| 著錄名稱、卷期、頁數 | Journal of information & optimization sciences 27(3), pp.595-614 |
| 摘要 | This paper explores the determinants of the acquirer bank's optimal loan rate based on a firm-theoretical option-pricing model under the maximum net gain from strategic acquisition. The model demonstrates how the nature of the loan (substitutes/complements), loan rate strategies (strategic substitutes/strategic complements) and regulation conditions jointly determine the acquirer bank's optimal loan rate. We find that the acquirer bank's loan rate are negatively related to the proportion of the combined banks owned by the acquirer bank's shareholders and also negatively related to the capital regulation under the nature of the loan complements and the loan-rate-setting complement strategy. Our findings provide an alternative explanation for the acquirer bank's strategies for operating and competing in the lending market concerning bank acquisition behavior. |
| 關鍵字 | |
| 語言 | en |
| 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 | 否 |
| 國別 | IND |
| 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/987654321/19130 ) |
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