An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets
碩士 === 朝陽科技大學 === 財務金融系碩士班 === 101 === In this paper, we modify CS and DGV empirical model to explore the problems of asymmetric information between banks and borrowers in Taiwan''s house mortgage markets. The results show that by the CS model regression analy...
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ndltd-TW-101CYUT53040162016-03-21T04:28:16Z http://ndltd.ncl.edu.tw/handle/12919443713440503127 An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets 台灣房貸市場資訊不對稱之實證研究 Ting-yu Chien 簡挺育 碩士 朝陽科技大學 財務金融系碩士班 101 In this paper, we modify CS and DGV empirical model to explore the problems of asymmetric information between banks and borrowers in Taiwan''s house mortgage markets. The results show that by the CS model regression analysis, whether control interest rates, mortgage market is shown the existence of information asymmetry between bank and borrowers. By the DGV model regression analysis, the borrower''s adverse selection problem is smaller in the low loan amount; the borrower''s adverse selection problem is more serious in low loan-to-value. In order to explore how the size of the loan amount combine with interest rate whether effect information asymmetry. The result shows that interest rates is a major factor in the problem of information asymmetry. Yih-Bey Lin 林益倍 2013 學位論文 ; thesis 34 zh-TW |
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碩士 === 朝陽科技大學 === 財務金融系碩士班 === 101 === In this paper, we modify CS and DGV empirical model to explore the problems of asymmetric information between banks and borrowers in Taiwan''s house mortgage markets. The results show that by the CS model regression analysis, whether control interest rates, mortgage market is shown the existence of information asymmetry between bank and borrowers. By the DGV model regression analysis, the borrower''s adverse selection problem is smaller in the low loan amount; the borrower''s adverse selection problem is more serious in
low loan-to-value. In order to explore how the size of the loan amount combine with interest rate whether effect information asymmetry. The result shows that interest rates is a major factor in the problem of information asymmetry.
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Yih-Bey Lin |
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Yih-Bey Lin Ting-yu Chien 簡挺育 |
author |
Ting-yu Chien 簡挺育 |
spellingShingle |
Ting-yu Chien 簡挺育 An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
author_sort |
Ting-yu Chien |
title |
An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
title_short |
An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
title_full |
An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
title_fullStr |
An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
title_full_unstemmed |
An Empirical Analysis of Information Asymmetry in Taiwan’s Mortgage Markets |
title_sort |
empirical analysis of information asymmetry in taiwan’s mortgage markets |
publishDate |
2013 |
url |
http://ndltd.ncl.edu.tw/handle/12919443713440503127 |
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