標題: | The determinants of interest margins and their effect on bank diversification: Evidence from Asian banks |
作者: | Lin, Jane-Raung Chung, Huimin Hsieh, Ming-Hsiang Wu, Soushan 資訊管理與財務金融系 註:原資管所+財金所 Department of Information Management and Finance |
關鍵字: | Bank diversification;Interest margins;Endogenous switching model |
公開日期: | 1-四月-2012 |
摘要: | An endogenous switching regression model is employed for this study, categorizing the banks into regimes of high and low degrees of diversification, with our results indicating that net interest margins can be less sensitive to fluctuations in bank risk factors for functionally diversified banks as compared to more specialized banks. In turn, this implies that by diversifying their income sources, these banks can reduce the shocks to net interest margins arising from idiosyncratic risk. Our results show that prior findings can hold when the banks are located in a regime with a low degree of diversification. (C) 2011 Elsevier B.V. All rights reserved. |
URI: | http://hdl.handle.net/11536/16220 |
ISSN: | 1572-3089 |
期刊: | JOURNAL OF FINANCIAL STABILITY |
Volume: | 8 |
Issue: | 2 |
結束頁: | 96 |
顯示於類別: | 期刊論文 |