English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 51927/87065 (60%)
造訪人次 : 8475480      線上人數 : 160
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106281


    題名: A call option framework for loan swap hedging under government capital injection
    作者: Chen, Shi;Lin, Ku-Jun;Li, Xuelian
    關鍵詞: Hedging;Bank interest margin;Bank equity risk;Government capital injection;Efficiency
    日期: 2015-12
    上傳時間: 2016-04-22 13:44:25 (UTC+8)
    摘要: The call options theory of corporate security valuation is applied to the contingent claims of a bank conducting loan portfolio hedging diversification under government capital injection. We find that diversification is not guaranteed to produce efficiency
    gain. It is shown that hedging diversification transaction leads to superior equity return performance and greater safety for the bank; however, it results in increasing the efficiency loss from diversification. While we show that government capital injection helps increase bank equity return and decrease equity risk, we document detrimental effects on the efficiency loss from diversification. From a normative standpoint, our results suggest that the bailout program of government capital injection creates an incentive for banks to pursue hedging management strategies.
    關聯: International Journal of Innovative Computing, Information and Control 11(6), pp.1931-1946
    顯示於類別:[會計學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    A call option framework.pdf146KbAdobe PDF81檢視/開啟
    index.html0KbHTML121檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋