請使用永久網址來引用或連結此文件:
https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/93261
|
| 題名: | Asymmetric Diversification, Bank Value Maximization, and Default Probability |
| 作者: | Tsai, Yung-Shun;Lin, Chien-Chih;Chen, Hsiao-Yin |
| 貢獻者: | 淡江大學財務金融學系 |
| 關鍵詞: | Diversification;Business Cycle;Systemic Risk;Banking |
| 日期: | 2013-04-03 |
| 上傳時間: | 2013-12-13 15:14:37 (UTC+8) |
| 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. |
| 關聯: | 2013 International Symposium on Business and Management (ISBM 2013), 21p. |
| 顯示於類別: | [財務金融學系暨研究所] 會議論文
|
文件中的檔案:
| 檔案 |
描述 |
大小 | 格式 | 瀏覽次數 |
|---|
| OptimalDiversificationR6.pdf | 文章 | 874Kb | Adobe PDF | 871 | 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.
|