關鍵字查詢 | 類別:期刊論文 | | 關鍵字:The determination of optimal bank lending decisions during acquisitions

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序號 學年期 教師動態
1 91/2 國貿系 許英傑 副教授 期刊論文 發佈 The determination of optimal bank lending decisions during acquisitions: An option value approach , [91-2] :The determination of optimal bank lending decisions during acquisitions: An option value approach期刊論文The determination of optimal bank lending decisions during acquisitions: An option value approachHsu, Yin-Chieh; Lin, Jyh-horng淡江大學國際貿易學系Bank acquisitions & mergers; Bank loans; Mathematical models; Studies; Economic modelsInternational journal of managementInternational Journal of Management 20(1), pp.36-42This paper shows how an opportunity for future bank acquisition can be viewed as call options, how its valuation relates to bank lending, and its effect on the incentive to conduct bank acquisitions. Given this incentive, the optimal bank lending decision demonstrates that the marginal Tobin's q in the acquisition and non-acquisition alternatives must be equal. Moreover the acquirer bank's loan market value increases with volatility. This paper suggests that bank acquisition can also be important in influencing a bank's lending decision. A theoretical acquisition framework is set up,
2 91/2 國企系 林志鴻 教授 期刊論文 發佈 The determination of optimal bank lending decisions during acquisitions: An option value approach , [91-2] :The determination of optimal bank lending decisions during acquisitions: An option value approach期刊論文The determination of optimal bank lending decisions during acquisitions: An option value approachHsu, Yin-Chieh; Lin, Jyh-horng淡江大學國際貿易學系Bank acquisitions & mergers; Bank loans; Mathematical models; Studies; Economic modelsInternational journal of managementInternational Journal of Management 20(1), pp.36-42This paper shows how an opportunity for future bank acquisition can be viewed as call options, how its valuation relates to bank lending, and its effect on the incentive to conduct bank acquisitions. Given this incentive, the optimal bank lending decision demonstrates that the marginal Tobin's q in the acquisition and non-acquisition alternatives must be equal. Moreover the acquirer bank's loan market value increases with volatility. This paper suggests that bank acquisition can also be important in influencing a bank's lending decision. A theoretical acquisition framework is set up,
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