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dc.contributor.author
Hu, Bo
dc.contributor.author
Schclarek Curutchet, Alfredo
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dc.contributor.author
Xu, Jiajun
dc.contributor.author
Yan, Jianye
dc.date.available
2023-06-26T17:57:24Z
dc.date.issued
2022-10
dc.identifier.citation
Hu, Bo; Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye; Long-term finance provision: National development banks vs commercial banks; Pergamon; World Development; 158; 10-2022; 1-10
dc.identifier.issn
0305-750X
dc.identifier.uri
http://hdl.handle.net/11336/201570
dc.description.abstract
Despite its practical significance in promoting long-term economic growth, long-term finance is often in short supply, especially in developing countries. Governments in both developed and developing countries have established national development banks (NDBs) to provide much-needed long-term loans. We have built the first database on NDBs worldwide to systematically examine whether NDBs lend longer than commercial banks in deciding the maturity of their loans. We find that long-term loans constitute a larger proportion of the total loan portfolio in NDBs than that in commercial banks in general and privately owned commercial banks in particular. This result is statistically significant after controlling for country- and bank-level factors. Our study contributes to the literature on loan maturity because we are the first to use a comprehensive panel data to systematically examine whether NDBs—an understudied but important financial intermediary—play a maturity-lengthening role in filling the financing gap.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Pergamon
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dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc/2.5/ar/
dc.subject
COMMERCIAL BANKS
dc.subject
LOAN MATURITY
dc.subject
LONG-TERM FINANCE
dc.subject
NATIONAL DEVELOPMENT BANKS
dc.subject.classification
Economía, Econometría
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Long-term finance provision: National development banks vs commercial banks
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2023-06-26T13:46:46Z
dc.journal.volume
158
dc.journal.pagination
1-10
dc.journal.pais
Países Bajos
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dc.description.fil
Fil: Hu, Bo. Peking University; China
dc.description.fil
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba; Argentina
dc.description.fil
Fil: Xu, Jiajun. Peking University; China
dc.description.fil
Fil: Yan, Jianye. China Agricultural University; China
dc.journal.title
World Development
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.worlddev.2022.105973
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