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書誌情報
A Generalized User-Revenue Model of Financial Firms under Dynamic Uncertainty:Equity Capital, Risk Adjustment, and the Conjectural User-Revenue Model
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44 , 2009-06-05 , FACULTY OF ECONOMICS UNIVERSITY OF TOYAMA
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その他の情報
| 著者キーワード |
Equity capital
Risk adjustment Conjectural user-revenue model Generalized user-revenue price Extended generalized-Lerner index |
| 内容記述 |
A generalized user-revenue model is proposed in which the volatility risk ofquasi short-run profits and equity capital effects reflecting the risk of bearingthe costs of financial distress are taken into consideration. This is achievedby extending the conjectural user-revenue model proposed by Homma andSouma (2005). Specifically, uncertainties are added to endogenous holding-revenue and holding-cost rates, and the utility function of financial firms isformulated in terms of both quasi short-run profits and equity capital. Theconjectural user-revenue price is extended as a generalized user-revenue price,and the extended generalized-Lerner index is proposed to incorporate theseextensions.
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| 公開者 |
FACULTY OF ECONOMICS UNIVERSITY OF TOYAMA
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| 国立情報学研究所 メタデータ主題語彙集（資源タイプ） |
Technical Report
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| フォーマット |
application/pdf
application/pdf |
| 言語 |
en
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| その他の資源識別子 | |
| 他の資源との関係 |
Working Paper / No.229
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| 著者版フラグ |
publisher
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