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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/78835

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78835

Title:	The Liquidity Role of a Bank in Bank and Non-bank Conglomerates: Evidence from Taiwan
Authors:	Wang, Chien-An;Shen, Chung-Hua 沈中華
Contributors:	金融系
Keywords:	Bank;Conglomerates;Firm;Firms
Date:	2007
Issue Date:	2015-10-01 18:36:17 (UTC+8)
Abstract:	This paper studies the roles of a bank in a conglomerate, roles which are best investigated during a bad period. We examine two hypotheses using Taiwan`s unique bank loan transaction data. Firstly, our extended liquidity constrained hypothesis which argues that during a bad period, investments of firms in a non-bank group are more severely constrained than they are during a normal period, cannot be rejected. The same argument, however, does not hold true for firms in a bank group. Secondly, our extended liquidity insurance hypothesis which argues that during a bad period, firms can obtain funds only when they are in a bank group with a financially related core business is also accepted. When they are in a bank group with a core business unrelated to finance, the hypothesis is not expected to hold.
Relation:	Banks and Bank Systems, 2(3), 116-134
Data Type:	article
Appears in Collections:	[金融學系] 期刊論文

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