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來源資料
頁籤選單縮合
題 名 | 銀行對借款人資訊不對稱之衡量 |
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作 者 | 郭敏華; | 書刊名 | 世新大學學報 |
卷 期 | 7 1997.10[民86.10] |
頁 次 | 頁195-217 |
分類號 | 563.1 |
關鍵詞 | 銀行; 借款人; 資訊不對稱; |
語 文 | 中文(Chinese) |
中文摘要 | 資訊不對稱的問題與其重要性,直到1970年代Akerlof在逆選擇問題上有所突破後方受到廣泛重視。經濟學家發現資訊不對稱對於研究經濟行為是不容忽略的;當資訊不對稱達到某一程度時,足以使金融市場宣告崩潰。 然而,由於資訊不對稱的構念十分抽象,衡量不易,尤其是傳統的衡量工具多建立在衡量誤差為零的假設上,對於抽象概念的衡量效力甚差,此亦何以迄未見具體衡量的最大原因。本研究乃利用承認衡量誤差的存在並予正式處理的共變結構模型,對資訊不對稱進行衡量。實證衡量結果發現,銀行對借款人的資訊不對稱可由廠商年齡、規模、保證人人數、與銀行往來期間所共同形成的模式加以衡量。而且此一衡量模式的效度、信度、與總體配適程度大致均達滿意水準,顯示本研究所提對資訊不對稱之衡量模型具有一定的價值與效力,不論就學術上風險性資產的定價模型,或是就實務上的債券定價,都具有相當的參考價值。 |
英文摘要 | The role of informational asymmetry had not received the attention it deserved until Akerlof(1970) raised the "lemon problem". Its imperativeness in comprehending economic behavior is recognized; when coming to extreme, it makes the financial market fail as a whole. However, the abstract of informational asymmetry makes it difficult to measure. Traditional measurements requiring the absence of measurement error are not convincing at all. This study aims at dealing with this problem directly by covariance structural model. The results show that the informational asymmetry of hanks to the dbtors can be measured by the model comprised of four voriables: debors age, scale, number of guarantors, and the trading period between both parties. The fittenss indexes all demonstrate that the validity, reliability, and model fittness are quite satisfactory. In sum, the result of this study is believed to provide valuable implications for both academy and practice. |
本系統中英文摘要資訊取自各篇刊載內容。