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  1. City commercial banks and credit allocation
    firm-level evidence
    Autor*in: Kang, Shulong; Dong, Jianfeng; Yu, Haiyue; Cao, Jin; Dinger, Valeriya
    Erschienen: 8.3.2021
    Verlag:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi-natural experiment the establishment of city commercial banks (CCBs) in China. Based on more than three million corporate financial... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 686
    Fernleihe:
    keine Fernleihe

     

    This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi-natural experiment the establishment of city commercial banks (CCBs) in China. Based on more than three million corporate financial statements spanning over 16 years, we find that the establishment of CCBs led to a 6-14 % drop in debt funding for private firms, as well as a 1-2 % rise in their funding costs. At the same time, private infrastructure firms enjoyed a nearly 6 % increase in debt funding and more than 100-basis-point drop in interest costs despite their inferior credit quality. The debt financing of private firm appears most severely affected in municipalities where officials face high promotional pressures or fiscal constraints.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789523233690
    Weitere Identifier:
    hdl: 10419/240382
    Schriftenreihe: BOFIT discussion papers ; 2021, 4
    Schlagworte: banking liberalization; city commercial banks; bank lending; credit allocation; political economy in banking
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  2. Banking liberalization and firms’ debt structure: International evidence
    Autor*in: González, Víctor M.; González, Francisco
    Erschienen: 2011
    Verlag:  Fundación de las Cajas de Ahorros, Madrid

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Documento de trabajo / Fundación de las Cajas de Ahorros ; 632
    Schlagworte: debt structure; banking liberalization; supervision; investor protection,development
    Umfang: Online-Ressource (30 S.), graph. Darst.