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

Lingzhi Yun () and Wen Cao
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Lingzhi Yun: Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi¡¯an 710049, China
Wen Cao: Jinhe Center for Economic Research, Xi’an Jiaotong University, Xi¡¯an 710049, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2008, vol. 3, issue 4, 531-547

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.

Keywords: strategic investor importing; policy burden; state-holding share; entry (search for similar items in EconPapers)
JEL-codes: E22 L12 (search for similar items in EconPapers)
Date: 2008
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