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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/30955
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/30955


    Title: 銀行與壽險公司房屋借款提前清償差異之探討
    Authors: 孫士育
    Contributors: 姜堯民
    孫士育
    Keywords: 提前清償之因素
    結構性
    結構性差異
    Date: 2003
    Issue Date: 2009-09-14
    Abstract: 抵押貸款提前清償對金融機構及不動抵押擔保證券的投資人是一種風險,其會使得抵押擔保擔保證券的現金流量及存續期間的影響最不確定。國內在學術研究上,關於銀行與壽險公司在提前清償方面之比較的文獻仍是少數,因此,本論文主要是探討銀行與壽險公司之借款人抵押貸款提前清償的個別行為模式,進而比較兩行為模式的差異性,希望未來金融機構在評估不動產抵押擔保證券的價值時,必須考慮對不同的金融機構有不同的評估標準。
    本研究利用某銀行與某壽險公司的個人住宅抵押貸款資料,將資料分成個人條件、貸款契約條件、地區經濟三大面共十個變數,探討造成提前清償的可能因素及分析銀行與壽險公司在提前清償的行為有何不同,使用的計量方法為Logit模型、CHOW Test、及Testing for Structural Stability of Regression Model(Gujarati,1995),實證結果顯示,不管是銀行或壽險公司,性別、年齡、攤還期間、契約利率、貸款成數、屋齡對提前清償有一致的行為,其中契約利率對兩者尤其顯著;而所得、貸款金額、所在地則會因償還的對象而有不同的提前償還行為。
    Reference: 一、中文部分
    1. 劉展宏與張金鶚,「購屋貸款提前清償行為之研究」,住宅學報, VOL. 10,No. 1,2001年,29-50。
    2. 郭姿伶,「住宅貸款之提前償還與逾期還款」,國立中正大學財務金融研究所碩士論文,2000年。
    3.黃文啟,「以LOGIT模型研究借款人特性與不動產抵押貸款提前清償之關係」,國立政治大學財務管理研究所碩士論文,2001年。
    4.陳俊廷,「兩岸保險業資金運用管理及加入WTO後影響之研究」,淡江大學大陸研究所碩士論文,2002年。
    5.林左裕,不動產投資管理,智勝文化事業有限公司,2002年。
    6.林晉堂,「台灣人壽保險業不動產擔保放款業務現況與改進之研究」,逢甲大學保險學系碩士班碩士論文,2003年。
    二、英文部分
    1. Archer , Wayne R. and David C. Ling and Gary A. McGill,1996,“The Effect of Income and Collateral Constraints on Residential Mortgage Termination, ”Regional Science and Urban Economics,Vol.26,235-261.
    2.Archer, Wayne R. and David C. Ling and Gary A. McGill, 1997, “Demographic versus Option Driven Mortgage Termination, ”Journal of
    House Economics,Vol.6, 137-163.
    3.Bartholomew, Lynn, Jonathan Berk and Richard Roll, 1988,“Adjustable Rate Mortgage: prepayment Behavior, ”Housing Finance Review, 7.1 , 31-46.
    4.Clauretie, Terrence M. and G. Stacy Sirmans, 1996, “Real Estate Finance-Theory and Practice, ”Prentice Hall Second Edition, pp.29-43, 232-267.
    5. Cunningham, Donald F. and Charles A. Capone Jr., 1990, “The Relative Termination Experience of Adjustable to Fix-Rate Mortgage, ”The Journal of Finance, Vol. XLV, No.5, 1687-1703.
    6. Canner, Glenn B. and Stuart A. Gabriel and J. Michael Woolley, 1990, “Race, Default Risk and Mortgage Lending: A Study of the FHA and Conventional Loan Markets, ”Southern Economic Journal, Vol.58, No.1, 249-262.
    7. Chow, Gregory C. 1960,“Tests of Equity between Sets of Coefficients in Two Linear Regressions, ” Econometrics, Vol.28, No.3, 591-605.
    8. Deng, Yongheng and Charles A. Calhoun, January 1997, “A Dynamic Analysis of Adjustable and Fixed-Rate Mortgage Termination ,”Unpublished.
    9. Follain, James R. and Louis O. Scott and T. L. Tyler Yang, 1992, “Microfoundations of a Mortgage Prepayment Function, ”Journal of Real Estate Finance and Economics, Vol.5, 197-217.
    10. Foster, Chester and Robert Van Order, 1984, “An Option-Based Model of Mortgage Default, ”Housing Finance Review 3(4), 351-372.
    11. Green, Jerry and John B. Shoven, 1986, “The Effect of Interest Rate on Mortgage Prepayment, ”Journal of Money, Credit, and Banking, Vol.18, No.1, 41-59.
    12. Gujarati, Damodar N., 1995, “Basic Econometrics, ” 509-516.
    13. Giliberto, Michael S and Thomas G. Thibodeau, 1989, “Modeling Conventional Residential Mortgage Refinancings, ”The Journal of Real Estate Finance and Economics, Vol.2, issue4, 285-99.
    14. Hakim, Sam Ramsey, 1992,“Regional Diversity,Borrower Characteristics and Mortgage Prepayment, ”Review of Financial Economics,Vol.1,No.2,17-29.
    15. Hosmer, G. S. and S. Lemeshow, 1989, “Applied Logistic Regression, ”New York: John Wiley&Sons, Inc.
    16. Kau, James B., Donald C. Keenan, Walter J. Muller Ⅲ and James F. Epperson, 1992,“A Generalized Valuation Model for Fixed-Rate Residential Mortgages, ”Journal of Money, Credit, and Banking 24(3), 279-99.
    17. LaCour-Little, Michael, 1999, “Another Look at the Role of Borrower Characteristics in Predicting Mortgage Prepayments, ”Journal of Housing Research, Vol.10, 45-60.
    18. McFadden, D, 1973, “Conditional Logit Analysis of Qualitative Choice Behavior, ”In P. Zarembka, editor, Frontiers of Econometrics. Academic Press.
    19. Maddala, G.S., 1983, Limited-dependent and Qualitative Variables in Economics.
    20. Phillips, Richard A., Eric Rosenblatt and James H. Vanderhoff, 1996, “The Probability of Fixed- and Adjustable-Rate Mortgage Termination, ”Journal of Real Estate Finance and Economics 13,95-104.
    21. Quigley, John M., 1987, “Interest Rate Variations, Mortgage Prepayments and Household Mobility, ”The Review of Economics and Statistics, 636-643.
    22. Richard and Roll, 1989, “Pricing Mortgage-backed Securities and Collateralized Mortgage Obligations, ”Ivan Bandic, University of British Columbia.
    23. VanderHoff, James, Fall, 1996,“Adjustable and Fixed Rate Mortgage Termination, Option Values and Local Market Conditions: An Empirical Analysis, ”Real Estate Economics 24(3), 379-96.
    24. Zorn, Peter M. and Michael J. Lea, 1989, “Mortgage Borrower Repayment Behavior: A Microeconomic Analysis with Canadian Adjustable Rate Mortgage Date, ”AREUEA Journal 17(1), 118-136.
    Description: 碩士
    國立政治大學
    財務管理研究所
    87357017
    92
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0087357017
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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