Accrual Effect on Optimal Bank Interest Margin and Default Risk in Equity Return

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/83326

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題名:	Accrual Effect on Optimal Bank Interest Margin and Default Risk in Equity Return
作者:	Lin, Jyh Horng;Hung, Wei Ming;Jou, Rosemary
貢獻者:	淡江大學國際企業學系
關鍵詞:	Accounting accrual;Bank interest margin;Equity quality;Default risk
日期:	2013-07
上傳時間:	2013-03-18 10:34:37 (UTC+8)
出版者:	Kumamoto: ICIC International
摘要:	Most studies in literature focus on using information contained in accounting accruals about earnings quality to predict equity returns. However, these have been little evidence using accounting accrual information with bank spread behavior to predict bank default risk in equity returns. To fill this gap, this paper proposes a Merton-Type banking firm model to determine the optimal bank interest margin, explicitly incorporating information about accounting accruals in the return to retail banking environment. We show that an increase in the optimal bank interest margin accompanied by higher accruals suggests lower default risk in equity returns.
關聯:	ICIC Express Letters: An International Journal of Research and Surveys 7(7), pp.2093-2098
顯示於類別:	[國際企業學系暨研究所] 期刊論文

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