Assessing bank equity risk under Legacy Loan Program
學年 102
學期 2
出版（發表）日期 2014-03-01
作品名稱 Assessing bank equity risk under Legacy Loan Program
作品名稱（其他語言）
著者 Lin, Jyh-Horng; Tsai, Jeng-Yan; Huan, Wei-Ming
單位 Department of International Business,Tamkang University, Taipei, Taiwan 淡江大學國際企業學系
出版者 Abingdon: Routledge
著錄名稱、卷期、頁數 Applied Economics 46(13), pp.1499-1508
摘要 We study the effects of purchasing distressed loan on bank equity risk under the Legacy Loan Program (LLP), in which the government is in partnership with private investors. The bank may refuse LLP when its knock-out value is too low. When the bank decides to participate in the LLP, the participation of a private investor generates a decrease in bank interest margin and an increase in equity risk, but the knock-out value with the LLP assistance generates an increase in bank interest margin and a decrease in equity risk. Our results suggest that the success of LLP depends critically on the willingness of a weak bank to participate in it. However, the participation of a private investor in LLP does not decrease the weak bank’s equity risk but poses instability to the banking system.
關鍵字
語言 en
ISSN 0003-6846 1466-4283
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Tsai, Jeng-Yan
審稿制度 是
國別 GBR
公開徵稿
出版型式 電子版,紙本,
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/96181 )

機構典藏連結