YUN Lingzhi , CAO Wen
Author information
Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi’an 710049, China
E-mail: yunlingzhi@gmail.com(YUN Lingzhi )
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.
strategic investor importing , policy burden , state-holding share , entry
YUN Lingzhi, CAO Wen. State-holding share, policy burden and performance: A study on the program of strategic investor importing for state-owned banks. Front Econ Chin, 2008, 3(4): 531‒547 https://doi.org/10.1007/s11459-008-0026-4
