The Empirical Research of the Correlation Between Subordinated Debt Issuance and Issuing Bank Capital Structure in Taiwan
碩士 === 淡江大學 === 財務金融學系碩士在職專班 === 104 === Banks issue subordinated debt in order to reduce lending risk, however, is there any significant improvement in banks’ capital structure after the issuance? We select 10 local banks in Taiwan as sampling and use Fama-French 3-factor model and Cumulative Avera...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/08766286135187954421 |
| Summary: | 碩士 === 淡江大學 === 財務金融學系碩士在職專班 === 104 === Banks issue subordinated debt in order to reduce lending risk, however, is there any significant improvement in banks’ capital structure after the issuance?
We select 10 local banks in Taiwan as sampling and use Fama-French 3-factor model and Cumulative Average Abnormal Return to evaluate the short-term effect in stock return.
After that, the purpose of this study is to provide a comprehensively empirical review on the local regulatory, issuing condition, banks’ capital structure and asset quality and try to find out the correlation among each factor as aforementioned.
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