haku: @author White, R. / yhteensä: 28
viite: 25 / 28
| Tekijä: | Smith, B. White, R. |
| Otsikko: | The impact of stabilization and interim audits on the pricing of deposit insurance. |
| Lehti: | Journal of Business Finance and Accounting
1992 : JAN, VOL. 19:1, p. 113-132 |
| Asiasana: | STABILIZATION AUDIT COSTS PRICING INSURANCE PREMIUMS |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a variable rate deposit insurance premium model to analyze the impact of stabilization and interim audits. The pricing model incorporates the option of the deposit insurer to stabilize rather than liquidate or merge a distressed financial institution. Empirical results based on the credit unions of British Columbia indicate that stabilization is least costly given non- trivial liquidation and merger expenses, low audit costs and low volatility of the assets to liabilities ratio. Interim audits are most beneficial for financial institutions which have the lowest audit costs, highest variance of assets to liabilities ratio, lowest liquidation or merger expenses and highest leverage. |
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