English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 75046/106105 (71%)
造訪人次 : 19438457      線上人數 : 501
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU 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
    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/61739
    請使用永久網址來引用或連結此文件: http://nccur.lib.nccu.edu.tw/handle/140.119/61739


    題名: An Analysis of Strategic Equity Stakes Acquisition of Chinese Bank by Foreign Financial Institutions
    作者: 廖四郎
    Liao,Szu-Lang;Wang,Ming-Chieh;Huang,Li-Jhang
    貢獻者: 金融系
    關鍵詞: capital control;contingent claim;optimal acquisition equity stake ratio;risk-weighted asset
    日期: 2013.07
    上傳時間: 2013-11-20 17:45:37 (UTC+8)
    摘要: This paper applies a contingent claim model to examine the risk of and returns to foreign financial institutions after they acquire equity stakes in a Chinese bank. The model considers dynamic factors such as individual asset value and exchange rates in maximizing shareholder value. In addition to analyzing the asset value and factors associated with risk after participation, this paper evaluates the optimal acquisition equity stake ratio using numerical analyses under regulatory capital control. For the Chinese banking sector, we discover that the portfolio risk of foreign financial institution will decrease after acquiring equity stakes when its asset increases, the debt ratio decreases, and the required risk-weighted asset increases. Overall, these foreign financial institutions have well-diversified currency portfolios and enjoy better asset quality and surplus earnings; therefore, they will likely increase their optimal acquisition equity stake ratio if the Chinese banks in which they invest have with good quality assets and are focused on local business.
    關聯: Emerging Markets Finance & Trade, 49(Supplement 3), 98-109
    資料類型: article
    DOI: http://dx.doi.org/10.2753/REE1540-496X4904S307
    顯示於類別:[金融學系] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    98109.pdf675KbAdobe PDF1028檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋