- 學位論文
存款機構之電子金融策略-以選擇權評價模式分析
Depository Financial Intermediary’s E-Finance Strategies －An Option-Based Valuation
摘要
本文透過兩期、兩階段的選擇權評價模式來分析，在資本管制、資訊不對稱、電子金融涉入程度與存款機構之最適存款利率之關係。本文認為電子金融不只是一項科技，同時也是種策略，於本文模型分析結果顯示，一旦我們將電子金融視為一項科技時，當存款機構採行存、放款互補策略時，則存款機構可以利用網路來取代銀行之實體分行。而一旦我們將電子金融視為一項策略時，當存款機構採行電子金融互補策略(替代)時，則資本管制與資訊不稱的程度提高，將會為存款機構發展電子金融提供誘因(無誘因)。因此，本文研究結果可以為電子金融提供另一種的解釋角度，更提供存款機構在發展電子金融策略時做為參考。
並列摘要
We use a two-stage, two-period option-based model to study how capital regulation, asymmetric information, strategic e-finance and the depository financial intermediary’s optimal deposit rate relate to one another. We found that e-finance can be treated as not only a technology but also a strategy. Once we treated that e-finance is a technology, we found that the depository financial intermediary can use the Internet to supplant its branches under the strategic complements in the strategic asset-liability management. Once we treated that e-finance is a strategy, we found that an increase in the capital requirements and asymmetrical information provide incentives for the intermediary’s developing e-finance under the strategic e-finance complements. Since our findings provide an alternative explanation for e-finance literature.
參考文獻
延伸閱讀
- 劉文忠、蔣文仲（2007）。存款機構之電子金融策略。華人經濟研究，5(2)，105-119。https://doi.org/10.30065/JCER.200709.0007
- 許家豪（2011）。保證放款支付援助方案、資本管制與銀行最適利差：選擇權評價模式〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2011.00007
- 陳虹伶（2013）。銀行利差管理、違約風險與國營化程度：選擇權評價數值模擬分析〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2013.00316
- 楊恩忠（2008）。A study on Financial Holding Company Operating Strategy and Business Performance〔碩士論文，中原大學〕。華藝線上圖書館。https://doi.org/10.6840/cycu200800394
- Wu, Y. H. (2011). Empirical Analysis of Depository Receipt Issuance Incentive [master's thesis, Yuan Ze University]. Airiti Library. https://www.airitilibrary.com/Article/Detail?DocID=U0009-2801201415001172