The Impact Of Bank Run On The Financial Decision-making Of Industry

Chinese financial industry is facing profound changes, the government gradually persuade liberalized capital into financial institutions. For financial industry,risk control is very important.The financing decision-making of industry make large effect on the risk, and the optimal capital structure theory is the most important topic of industry finance. Therefore,the importance of studying the financing decision-making and bankruptcy strategy of enterprises for the realization of the stability of the financial industry is very obvious, and gives important referencing access for the solution of the common financing difficulties of small and medium enterprises in China.It is not the same with the past researchers that only consider the industry and the bank. Here we propose a game model that contains the industry, the bank and depositors. We value their payoff by the option pricing method. We propose the method of getting the optimal capital structure. At last, when the parameters is known we can get the firm?s value, the equity holders?value and the feasible project value range, then get the optimal financing decision-making, optimal bankruptcy point in situations of no existence of run, run and asymmetric information. So that we can know the effect of the situations of run and asymmetric information on the financial decision-making of industry.The research shows that the optimal capital structure is equivalent to an optimization problem, that is, the maximization of the objective function under the constraint conditions.. Under the given parameters, By calculating the function we obtain that the situations of run and asymmetric information have influence on the firm's optimal debt ratio, bankruptcy decision and feasible project value range.