Credit Union Rate and Earnings Retention Decisions under Uncertainty and Taxation
构建了一个模型，分析信用合作社在净收入流不确定且需纳税时如何设定贷款和存款利率，以最大化基于利率比较的绩效指标，并满足资本储备变化的概率约束。
This paper presents a model of credit union loan and deposit rate setting when net income flows are uncertain and subj ect to taxation. Optimal rates are chosen to maximize the expected va lue of a performance measure based on a comparison of the credit unio n's rates to alternative rates, subject to a probabilistic constraint on the net change in capital reserves relative to a capital adequacy standard. Taxation will alter the end-of-period trade-off between th e change in capital reserves and the immediate distribution of surplu s, and would likely affect credit unions in a nonuniform manner and p erhaps be regressive in nature. Copyright 1988 by Ohio State University Press.