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State-holding share, policy burden and performance: A study on the program of strategic investor importing for state-owned banks |
YUN Lingzhi , CAO Wen |
Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi’an 710049, China; |
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Abstract We present a mixed oligopoly model for private banks and a public bank with mixed ownership and policy burden to research the program of strategic investor importing for state-owned banks. We find that close relationships exist among the equilibrium equity structure following strategic investor importing, the policy burden of state-owned banks and the number of private banks; that the policy burden of state-owned banks has positive relationships with the performance of private banks, with overall negative effect on social welfare; that the policy burden would not affect the maximum market capacity number of private banks but would affect the equity structure of state-owned banks with such a number.
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Keywords
strategic investor importing
policy burden
state-holding share
entry
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Corresponding Author(s):
YUN Lingzhi,Email:yunlingzhi@gmail.com
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Issue Date: 05 December 2008
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