Moral Hazard And Optimal Subsidiary Structure for Financial Institutions  

Oleh:

Kahn, Charles ; Winton, Andrew

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 59 no. 6 (Dec. 2004), page 2531-2576.
Topik: FINANCIAL; studies; subsidiaries; risk management; financial institutions; loans
Fulltext: p 2531.pdf (263.7KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Banks and related financial institutions often have two separate subsidiaries that make loans of similar type but differing risk, for example, a bank and a finance company, or a "good bank / bad bank" structure. Such "bipartite" structures may prevent risk shifting, in which banks misuse their flexibility in choosing and monitoring loans to exploit their debt holders. By "insulating" safer loans from riskier loans, a bipartite structure reduces risk - shifting incentives in the safer subsidiary. Bipartite structures are more likely to dominate unitary structures as the downside from riskier loans is higher or as expected profits from the efficient loan mix are lower.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali