Asymmetric Diversification, Bank Value Maximization, and Default Probability
學年 101
學期 2
發表日期 2013-04-03
作品名稱 Asymmetric Diversification, Bank Value Maximization, and Default Probability
作品名稱（其他語言）
著者 Tsai, Yung-Shun; Lin, Chien-Chih; Chen, Hsiao-Yin
作品所屬單位 淡江大學財務金融學系
出版者
會議名稱 2013 International Symposium on Business and Management (ISBM 2013)
會議地點 Kitakyushu, Japan
摘要 This study discusses the existence of the optimal diversification to maximize bank value. It finds that the impact of diversification on bank value depends on the business cycle. Since diversification can lower individual risk and raise system risk simultaneously, it will not always be beneficial for financial institutions to diversify their assets fully. This paper finds that, in a good economy, there will be an optimal diversification to maximize a bank’s value, but in a bad economy, diversification will hurt a bank’s value. Empirical evidence from Taiwan’s banks is provided.
關鍵字 Diversification;Business Cycle;Systemic Risk;Banking
語言 en
收錄於
會議性質 國際
校內研討會地點
研討會時間 20130403~20130405
通訊作者
國別 JPN
公開徵稿 Y
出版型式
出處 2013 International Symposium on Business and Management (ISBM 2013), 21p.
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/93261 )

機構典藏連結
SDGS 尊嚴就業與經濟發展