Loan management under credit risk and future capitalization
學年 91
學期 2
出版（發表）日期 2003-06-01
作品名稱 Loan management under credit risk and future capitalization
作品名稱（其他語言）
著者 Chang, Shu-hui; Lin, Jyh-horng
單位 淡江大學國際貿易學系
出版者 International journal of management
著錄名稱、卷期、頁數 International Journal of Management 20(2), pp.179-186
摘要 A two-period option model of a bank was used to determine the optimal lending under future capitalization is developed. The optimal lending on the market value of bank equity under future expandability or reversibility is that the first-period marginal equity value of lending is equal to the second-period marginal equity value. A principal finding supports a conclusion for securing of bank loans that an increase in volatility may make the bank become conservative. This conservative lending may be influenced by the expected decreasing resale price and by the expected increasing purchase price of future equity capital.
關鍵字
語言 en
ISSN 0813-0183
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 否
國別 GBR
公開徵稿
出版型式 ,紙本
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