The effect credit term structure of monetary policy on firms' "short-term debt for long-term investment" behavior: empirical evidence from China

The effect credit term structure of monetary policy on firms' "short-term debt for long-term investment" behavior: empirical evidence from China

This paper examines the effects and mechanism paths of monetary policy on firms' "short-term debt for long-term investment (SDFLI)" behavior using panel data of Chinese A-share listed firms from 2007-2019. The findings indicate that loose monetary policy suppresses corporate SDFLI beh...

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Bibliographic Details
Main Authors: Liping Zheng, Jia Liao, Yuan Yu, Bin Mo, Yun Liu
Format: Article
Language:English
Published: AIMS Press 2023-01-01
Series:Electronic Research Archive
Subjects:
monetary policy
short-term debt for long-term investment
credit maturity structure
Online Access:https://www.aimspress.com/article/doi/10.3934/era.2023076?viewType=HTML

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https://www.aimspress.com/article/doi/10.3934/era.2023076?viewType=HTML

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