頁籤選單縮合
題 名 | 銀行資產與收益多角化是否影響銀行的風險?全球實證分析=Does Banking Diversification Improve Bank Risk Taking? International Evidence |
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作 者 | 林昆立; 張妤甄; 吳朝欽; | 書刊名 | 兩岸金融季刊 |
卷 期 | 2:4 2014.12[民103.12] |
頁 次 | 頁1-29 |
分類號 | 562.29 |
關鍵詞 | 多角化; 銀行風險; 國家發展程度; 市場結構; Banking; Diversification; Bank stability; |
語 文 | 中文(Chinese) |
中文摘要 | 本研究檢視銀行資產與收益多角化對風險的關係,並且進一步分析國家發展程度與市場競爭結構對其關係的影響。本文主要的研究結果發現:在已開發國家且較高競爭程度的銀行市場,則銀行從事資產與收益多角化的經營,將對銀行的風險產生多角化溢價效果;反之,不論是已開發國家或開發中國家,當銀行的市場結構競爭程度較低時,則銀行收益多角化反而會增加銀行的風險,因此符合多角化折價的假說。 |
英文摘要 | This paper investigates whether the diversity of activities conducted by financial institutions influences their risk taking. We find that there is a diversification premium: The risk taking of commercial banks that engage in multiple activities, e.g., lending and non-lending financial services, are lower than if those were broken into financial intermediaries that specialize in the individual activities in high-income and high competition market. Furthermore, we observe that there is a diversification discount in bank with less competition market, suggesting that economic development and bank market structure may play important mitigating roles. |
本系統中英文摘要資訊取自各篇刊載內容。