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State-holding share, policy burden and performance: A study on the program of strategic investor importing for state-owned banks

Author

Listed:
  • YUN Lingzhi

    (Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi¡¯an 710049, China)

  • CAO Wen

    (Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi¡¯an 710049, China)

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.

Suggested Citation

  • YUN Lingzhi & CAO Wen, 2008. "State-holding share, policy burden and performance: A study on the program of strategic investor importing for state-owned banks," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 3(4), pages 531-547, December.
    • Handle: RePEc:fec:journl:v:3:y:2008:i:4:p:531-547
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-008-0026-4
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    More about this item

    Keywords

    strategic investor importing; policy burden; state-holding share; entry;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies

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