کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5086366 | 1375171 | 2010 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Leverage, performance and capital adequacy ratio in Taiwan's banking industry
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We examine the relation between firms' financial structures and their risky investment strategies in Taiwan's banking industry. Regressions cover two subperiods: before the first financial reform (1996-2000) and after the first financial reform (2001-2006), to address the impacts of the first financial reform on banking firms' financial structures. Our first result demonstrates that the restrictions on CAR have indeed affected firms' risky investment strategies, as market share and leverage are positively related. Second, the firm performance is significantly and positively related to firm size, leverage and financial cost. Finally, the regression results show that financial structures for banking firms are positively related to the states of business cycle (i.e., cyclical). The positive signs coincide with Proposition 4 in our analytical model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 22, Issue 4, December 2010, Pages 264-272
Journal: Japan and the World Economy - Volume 22, Issue 4, December 2010, Pages 264-272
نویسندگان
Shirley J. Ho, Su-Chu Hsu,