Lin, Jyh-Horng; Chang, Chuen-Ping; Hung, Wei-Ming - In: Applied Economics Letters 19 (2012) 10, pp. 947-951
Previous research on market-based evaluation of bank equity with government bailout has modelled the bank as a corporate firm with risky assets and liabilities. No attempt was made to analyse explicitly equity quality expressed as a situation when the carrying value of the bank's equity book is...