Geodesic
Financial Claims and Product Market Competition: an Explanation for Permitting Banks to Hold Equity in Firms
Yugoslav journal of operations research, Tome 18 (2008) no. 2, p. 235 Cet article a éte moissonné depuis la source eLibrary of Mathematical Institute of the Serbian Academy of Sciences and Arts

Voir la notice de l'article

This paper examines financial claims for lending if banks are permitted to hold equity in productive firms. We demonstrate that in situations where an oligopolistic product market has relatively high competition, e.g., quasi-competitive behavior, equity holding by banks is likely to do little damage. However, where the product market has relatively high collusion, e.g., corporative behavior, equity holding by banks are very unlikely to hold equity in firms. Our findings provide an alternative argument that lifting the Glass-Steagall Act restricting banks from holding equity in firms should give little cause for concern.
Classification : 91G50
Keywords: Equity holding, Glass-Steagall act, conjectural variation, capital regulation 
@article{YJOR_2008_18_2_a7,
     author = {Shin-Heng Pao and Jyh-Horng Lin},
     title = {Financial {Claims} and {Product} {Market} {Competition:} an {Explanation} for {Permitting} {Banks} to {Hold} {Equity} in {Firms}},
     journal = {Yugoslav journal of operations research},
     pages = {235 },
     year = {2008},
     volume = {18},
     number = {2},
     zbl = {1274.91470},
     language = {en},
     url = {http://geodesic.mathdoc.fr/item/YJOR_2008_18_2_a7/}
}
TY  - JOUR
AU  - Shin-Heng Pao
AU  - Jyh-Horng Lin
TI  - Financial Claims and Product Market Competition: an Explanation for Permitting Banks to Hold Equity in Firms
JO  - Yugoslav journal of operations research
PY  - 2008
SP  - 235 
VL  - 18
IS  - 2
UR  - http://geodesic.mathdoc.fr/item/YJOR_2008_18_2_a7/
LA  - en
ID  - YJOR_2008_18_2_a7
ER  - 
%0 Journal Article
%A Shin-Heng Pao
%A Jyh-Horng Lin
%T Financial Claims and Product Market Competition: an Explanation for Permitting Banks to Hold Equity in Firms
%J Yugoslav journal of operations research
%D 2008
%P 235 
%V 18
%N 2
%U http://geodesic.mathdoc.fr/item/YJOR_2008_18_2_a7/
%G en
%F YJOR_2008_18_2_a7
Shin-Heng Pao; Jyh-Horng Lin. Financial Claims and Product Market Competition: an Explanation for Permitting Banks to Hold Equity in Firms. Yugoslav journal of operations research, Tome 18 (2008) no. 2, p. 235 . http://geodesic.mathdoc.fr/item/YJOR_2008_18_2_a7/