financial claims and product market competition: an explanation for permitting banks to hold equity in firms

Clicks: 163
ID: 177608
2008
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Abstract
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.
Reference Key
shin-heng2008yugoslavfinancial Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Pao Shin-Heng;Lin Jyh-Horng
Journal chemnanomat
Year 2008
DOI
10.2298/YJOR0802235P
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