Deposit Rate Ceilings and the Market Value of Banks: The Case of France, 1971-1981
提出一个银行估值模型，用法国银行样本检验市场价值与资产负债结构的关系，并评估公司税、受利率上限的存款租金以及1974年银行市值下跌的原因。
The objective of this paper is to develop an empirical methodology to assess the relationship between the market value and the asset-liability structure of banks. A simple bank valuation model is suggested and empirically tested on a sample of French banks. The paper attempts to evaluate the effect of corporate taxation, the rent on deposits subject to interest rate ceilings, and the determinants of the 1974 drop in banks' market values. Copyright 1992 by Ohio State University Press.