Banks' Lending Behavior and Firms' Corporate Financing Patterns in China
نویسندگان
چکیده
منابع مشابه
Does banks' dual holding affect bank lending and firms' investment decisions? Evidence from China
This study investigates the effect of banks’ dual holding on bank lending and firms’ investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than SOEs. We also find that dual holding distorts banks’ lending decisions and harms the investment efficienc...
متن کاملThe role of banks in financing small and medium firms
Up to a few years ago, economic theory did not pay any attention to the topic of firm financing. This situation has changed in recent years thanks to the development of a theoretical approach that has applied the conclusions of information economics to the analysis of the working of the financial markets. The purpose of this paper is to highlight the fact that the asymmetric information approac...
متن کاملThe Role of Banks in Financing Small and Medium Firms the Role of Banks in Financing Small and Medium Firms. the Role of Banks in Financing Small and Medium Firms
Up to a few years ago, economic theory did not pay any attention to the topic of firm financing. This situation has changed in recent years thanks to the development of a theoretical approach that has applied the conclusions of information economics to the analysis of the working of the financial markets. The purpose of this paper is to highlight the fact that the asymmetric information approac...
متن کاملThe Impact of Exchange and Inflation Rate Instability on Lending Behavior of Iranian Banks
Exchange rate instability brings about significant changes in the domestic and foreign sectors that can impose negative effects on the whole economy. The present study investigates the effect of exchange and inflation rate instability on the lending behavior of Iranian banks by using data of the 10 banks over the time period 1382-1397(2003-2018). To do this, at first, a GARCH(1,1) of the exchan...
متن کاملWhy do firms switch banks? Evidence from China
This paper uses a sample of matched data of firms-banks in China over the period 1999-2012 to determine the drivers of firms switching behaviour from one bank relationship to another. The findings conform to the extant literature and therefore indicate that the switching behaviour of Chinese firms is no different to firms elsewhere. The results show that the principal driver of a switching acti...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The International Economy
سال: 2003
ISSN: 1884-4359,0387-3943
DOI: 10.5652/kokusaikeizai.2003.203