期刊論文
| 學年 | 101 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2012-11-07 |
| 作品名稱 | Optimal Bank Interest Margin under Capital Regulation: Equity Return Maximization V.S. Equity Risk Minimization |
| 作品名稱（其他語言） | |
| 著者 | Tsai, Jeng-Yan; Hung, Wei-Ming; Jou, Resomary |
| 單位 | 淡江大學國際企業學系 2013011819:55 verified by Sujen |
| 出版者 | New Yourk: Academic Journals Inc. |
| 著錄名稱、卷期、頁數 | African Journal of Business Management 6(44), pp.10791-10798 |
| 摘要 | This paper examines the effects of capital regulation on the optimal bank interest margin with two related bank objectives of option-based equity return maximization and equity risk minimization. We find that an increase in the capital-to-deposits ratio decreases the optimal interest margin under the equity return maximization, but increases the margin under the equity risk minimization. The proposed Basel system as such enables the bank to be more prone to loan risk when the objective is the equity return maximization, thereby adversely affecting the stability of the banking system, but to be less prone to loan when the objective is the equity risk minimization, thereby substantially contributing the stability. As a consequence, we argue that the effect of capital requirements on the safety of the banking system depends on the selection of the alternative objectives by banks, contributing to the literature's conflicting conclusions about capital regulation's effects on bank behavior. |
| 關鍵字 | Bank interest margin;capital regulation;equity return maximization;equity risk minimization |
| 語言 | en_US |
| ISSN | 1993-8233 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | 蔡政言 (tsaijy@mail.tku.edu.tw) |
| 審稿制度 | 是 |
| 國別 | USA |
| 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/987654321/79685 ) |